Construction And Application Research On Indicator System Of Project Investment Decision

The scope of engineering project is very broad,including not only traditional construction proj ects,but also large-scale projects such as water conservation projects,power generation projects,road construction projects,etc.These strategic projects which have great significance to the national economy,usually are long-time period,costly and difficult to manage.As far as the life cycle of a project is concerned,although the investment decision-making stage doesn't have the largest workload,it is the most important.Investment decision-making not only affects the implementation of the project,but also affects the strategic direction and sustainable development capability of the enterprise,as well as the social benefits and economic development of the region.According to the financial revenue and expenditure report of Audit Office,a large number of enterprises cause significant losses due to non-compliance and mistakes in decision-making each year,and must be valued by investors.However,by some surveys,this study found that enterprises are still taking economic benefits as the main method when making investment decisions.Due to the neglect of the company's strategic goals and existing resources,the project losses are serious.Based on this,the study explores the indicators that need to be considered in the investment decision of engineering projects,in order to inspire the actual investment decision-making activities of enterprises.In order to establish a scientific indicator system and be able to use it reasonably in practice,the study completed the following work.First of all,by reading a large amount of literature,this study combines the specific characteristics of engineering projects to construct an investment decision indicator system in engineering project which has 4 first-level indicators including internal rate of return,risk factors,strategic fit,potential opportunities,etc.,and 16 second-level indicators including financial net present value,technical risks,investment strategy fit,etc..Secondly,in order to make the indicator system applicable in practice,this paper establishes an application model based on FAHP-GRA by comparing various weighting evaluation methods and project decision-making methods.Finally,taking the oil field investment project in the oil industry as an example,the scientificity and rationality of the indicator system and the application model are verified,which provides a reference for the investment decision-making of engineering project construction enterprises.