THE SPECIFIC NATURE AND ECONOMIC SIGNIFICANCE OF INNOVATION PROJECT MANAGEMENT SYSTEMS IN ENHANCING THE EFFICIENCY OF INDUSTRIAL ENTERPRISES

Abstract

This study is devoted to analyzing the role and importance of the innovation project management system in improving the efficiency of industrial enterprises. The essence of the innovation project management system is revealed through the features of functioning under uncertainty and creative environments in modern industry. A comparative analysis of the duration, risk level, and expected outcomes of each type of innovation is presented. The research results prove the strategic role of the innovation project management system in ensuring long-term economic growth by increasing the competitiveness of industrial enterprises, entering new markets, improving productivity, and reducing costs. The study concludes that, under modern globalization, the ability to professionally manage innovation projects is a vital necessity for industrial enterprises.