THE ROLE OF PORTFOLIO MANAGEMENT IN THE ACTIVITIES OF INTEGRATED ECONOMIC SYSTEMS: AN ANALYSIS OF PERSONNEL REQUIREMENTS

The analysis of recent government programmes for socio-economic development of the country for the long term period has shown that the innovative activity and its formation in the industrial sector of the economy are priority areas at present. The industrial sector of the economy can be referred to as a complex set of integrated economic systems, i.e. a merger of economic entities interacting in the conditions of developed competition on the basis of information, innovation and investment. Innovation is always accompanied by involvement of substantial financial means. A significant role in this process is given to the portfolio management. The innovative activity is a complex activity that requires consideration of not only economic and organizational actions of the personnel in introduction of innovations, but also skills in management of risk situations occurring in the process of project management; the enterprise personnel is required to possess certain competencies associated with portfolio management.

A peculiarity of portfolio management is that it provides innovative activity of the enterprise with the necessary resources based on the chosen development strategy to effectively achieve the planned results. Portfolio management is the management mechanism that contains elements of planning, analysis and regulation, allowing one to transfer development strategy into the portfolio of projects for their further implementation.

The paper considers the activities of personnel involved in the process of innovation implementation through portfolio investments. The work presents methodology of innovative projects portfolio formation, assessment of the conditions under which the project activity of personnel starts, assessment of consistency of portfolio investments with the strategic development of the company.