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Strategic Controlling and Budgeting in the Management System of Investment Projects
Liakhova O. O., Yurkevych O. M., Urvantseva S. V.

Liakhova, Olena O., Yurkevych, Oksana M., and Urvantseva, Svitlana V. (2025) “Strategic Controlling and Budgeting in the Management System of Investment Projects.” Business Inform 7:387–394.
https://doi.org/10.32983/2222-4459-2025-7-387-394

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
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UDC 658.15:330.322:005.21

Abstract:
The article examines the relevance of using strategic investment controlling and budgeting in the context of the modern economy, which is characterized by a high level of instability, intensified competition, and increasing demands for the effectiveness of managerial decisions. The article substantiates feasibility of integrating budgeting into the system of strategic investment controlling as a tool for minimizing risks and achieving the strategic goals of the enterprise. The introduction part substantiates the significance of investment activities of enterprises as one of the main mechanisms for ensuring their sustainable development, as well as highlights the need to improve the tools for managing investment projects. Special attention is given to the difference between the concepts of «control» and «controlling», emphasizing the latter’s focus on strategic efficiency. The aim of the article is to examine the role and mechanism of budgeting at the investment stage of a project as a key tool for strategic investment controlling, which ensures the effective use of resources, achievement of the company’s strategic goals, and reduction of investment risks. The main objectives of the study include analyzing the conceptual content of strategic controlling, revealing the relationship between strategic goals and budget constraints, and identifying practical tools and mechanisms for effective budget planning in investment activities. The methodological basis of the article consists of methods of systematization, generalization of scientific sources, as well as elements of empirical analysis aimed at studying the features of budgeting at various stages of investment project implementation. The use of these methods has allowed uncovering modern approaches to strategic controlling and highlighting trends that characterize effective budget management practices in the investment sphere. As a result of the conducted research, the role of budgeting in the management system of investment projects has been analyzed, its functions at the investment stage of the life cycle have been identified, and the advantages of integrating strategic investment controlling into financial planning have been substantiated. The authors present a vision of the key parameters of the budgeting process that ensure transparency, coherence, and adaptability of managerial decisions to changes in the external environment. The conclusions emphasize the importance of budgeting as a managerial tool at a strategic level, capable of ensuring the integrity of the implementation of the investment project, minimizing losses, and contributing to the achievement of long-term competitive advantages for the enterprise. The prospects for further research on the formation of adaptive models of strategic controlling in the context of digitalization and global turbulence are also outlined.

Keywords: investment activities, investment project, investment project management, controlling of investment projects, strategic controlling of the enterprise, project budgeting, project life cycle.

Fig.: 2. Bibl.: 12.

Liakhova Olena O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Corporate Finance and Controlling, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]
Yurkevych Oksana M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Corporate Finance and Controlling, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]
Urvantseva Svitlana V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Corporate Finance and Controlling, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]

List of references in article

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