KEY SUCCESS FACTORS OF SMART CITY PROJECTS: METHODS AND ALGORITHMS FOR PERFOMANCE EVALUTION

Abstract

The nowadays tendency for increasing the number of projects based on the postulates of sustainable socio-economic development concept also includes projects based on smart technologies. Currently, there are no reliable methods and procedures for evaluating the effectiveness of such projects. For this purpose, the presented study proposed to apply an integral indicator such as the sustainability of an innovative city, measured by three parameters: the quality of life of the population with the positive dynamics, the efficiency of municipal management, and the economic, social, cultural and environmental competitiveness. Also, the study suggested the rating approaches for evaluation of the efficiency of municipal management of the Russian Federation constituent entities. The authors conducted a comparative analysis of the indicators of socio-economic development of smart cities rated by the National Research Institute of Technology and Communications, as well as the cities that did not fall into this rating. The analysis revealed the influence of Smart City technologies in 30 out of 50 indicators; also, smart cities showings preceded in terms of best values. As a result, it was proposed to rank the cities by two groups of indicators: resource and results. According to the authors, the proposed approach will allow a better assessment of the efficiency of projects based on ‘smart’ approaches.