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Project and Program Management of the Regional Sustainable Development: Features and Theoretical Approaches Review

The growing importance of regions as subjects of economic relations and part of a single economic space naturally leads to the need to improve methods and tools for managing regional development. At the same time, at the present stage of economic development, one of the key forms of socio-economic changes is a project activity that defines the principles and characteristics of managerial functions. In the modern world, special attention is paid to achieving sustainable socio-economic development of the region. Due to the fact that modern society solves the problems associated with the continuous assessment of the feasibility of costs for achieving economic results and ensuring stable economic growth, environmental problems and maintaining a balanced development of social and economic spheres remain key problems in the context of regional development. The relevance of this article can be defined as an attempt to systematize existing paradigms and approaches to organizing the management of programs and projects for the regional development within the perspective of the of sustainable development concept, as well as considering related issues considered in scientific works and modern management practice. The main aim of the work is to review the existing theoretical and methodological approaches to the management of programs and projects for sustainable regional development and to identify the features of project management of this type.