Methodology for Formation of the Cost of the Innovation Project

The authors of the present study propose the methodology for formation of the cost of the innovation project based on the application of the process approach. The essence of this methodology is to represent each stage of the innovation project as a scheme of interrelated business processes, decomposition of which occurs up to the level of functions and even at this level takes place a valuation of each of these functions, which allows to most effectively consider all types of costs at the formation of the project budget