International Scientific Journals
of Scientific Technical Union of Mechanical Engineering "Industry 4.0"

The national economy restructuring ,the European Union membership and globalization clearly outline the necessity of implementation of various activities, including innovation by which companies to form long-term competitive advantages. This creates the need for implementation of systematic and reliable research of the effectiveness of the implemented innovation as a component of overall efficiency. This requires improvement and grounded updating of traditional approaches to financial and economic evaluation of the planned innovation and related activities. In the proposed work are presented the opportunities for planned innovations economic assessment with the help of financial and economic instruments through the use of information technology.

Quality management systems based on the International Standards ISO (International Organization for Standardization) is a revolutionary way to increase the competitiveness of Bulgarian companies in the energy sector on the European and international energy market. Тhe implementation of international standards and management systems is becoming a major tool to reduce production costs, increase productivity, reduce the cost of manufactured products and services through the creation of optimal models of governance and organization of the key processes in the energetic sector companies. Development and implementation of management systems, good manufacturing practices and achieving product compliance with European and international standards is a promising trend. In proposed authors post after presentation of the International Organization for Standardization ISO is studying and analyzing systems applied quality management in projects in the field of energy development.

This paper proposes method for ranking projects and decision-making in the selection of investment projects. This method uses Excel for decision making.