Indicators for assessing the effectiveness of innovation investment projects of high-tech industries

Development of rocket and space complex is only possible through innovation. The complex contains a large number of high-tech industries, influencing the growth of sustainability and enterprises’ competitiveness of the complex as a whole. The development and implementation of innovative and investment projects are carried out to create these conditions. The tasks of determination of the projects efficacy, development of a characteristics system to assess it are particularly crucial. The article considers internal and external indicators for assessing the effectiveness of innovation and investment projects. External ones include such indicators as payback period, profitability index, internal rate of return, net present value. Internal indicators estimate the parameters of technological processes and its resource support, with particular attention paid to the impact of the project on production costs and results of economic and financial activities of the organization. Internal indicators for project evaluation, depending on the stage of the project, are proposed in the present article. The first step is to evaluate the competitiveness of innovation. Then the cost of development and implementation of innovation and investment projects, cost saving of output and net profit growth, determined the change of materials, labor intensity, capital intensity, and energy efficiency should be evaluated. The influence of implementing innovative and investment projects on the economic performance of the enterprise as a whole should be analyzed. Thus, the evaluation of the effectiveness and selection of innovation and investment projects of high-tech industries should be carried out with the obligatory account of all substantive criteria specific to these projects.