Improving the evaluation of the effectiveness of innovation and investment projects in a turbulent economy

The article reveals the concept of turbulence of the economic system as an extreme degree of instability of the economy, examines the essence and features of innovation and investment projects, describes the methods that are used to assess their economic efficiency (statistical, dynamic, as well as methods that take into account the risks of investment projects: qualitative and quantitative). The place and role of regional innovation and investment projects in the economy of modern Russia are determined. The necessity of implementing an integrated approach to assessing the effectiveness of innovation and investment projects in a turbulent economy with high dynamism of external and internal environment factors is substantiated. It is proved that classical methods are subject to transformation when changing the model of strategic development of the national economy, a conceptual model of integrated assessment, the effectiveness of the development and implementation of innovation and investment projects is proposed, including accounting for their commercial, budgetary and social efficiency, as well as the impact on the system of balanced indicators in its various blocks: “Business processes”, “Finance”, “Personnel”, “Risks”, “Marketing”. The risks arising during the implementation of innovation and investment processes are highlighted, including: administrative and environmental risks, counterparty risks, the risk of non-compliance of human resources, technological, legal risks.