The Research On The Optimization Of The Government Investment Project Decision-making System

With the deepening of China’s Reform and Opening up, and theimplementation of the12thfive-year plan, government investment, as an endogenousvariable to promote economic growth, has become the top priority of government’swork. Government investment projects has attracted highly social concern because itneeds huge financial investment, large consumption of resources, and is closelyrelated to people’s livelihood, in large part it determines the speed of economicdevelopment, size, quality and efficiency, determines whether or not the economiccould develop sound and fast. Government investment decision as an important partof government investment management, influences the success or failure of theimplementation of government investment projects. However, there are a series ofproblems in the current decision-making phase of the government investment projects,such as the lack of preparation before the decision, overpowered subjectiveconsciousness in the decision-making and with no evaluation after it. The thesisanalyses the status of the government investment decision system through thediscussion of the problems in the current decision-making, proposes thecountermeasures and suggestions to optimize the government investment projectdecision system in order to improve the accuracy of government investment projectdecisions in the end.Firstly, the article has defined the concept of investment decision-making systemand outlined the basic theory associated with, including decision theory, systemtheory and the theory of the entire project life cycle.Then, the article has analyzed the decision-making process of governmentinvestment projects and the main problems during the decision-making process,besides the article has introduced the status of the subsystem of the governmentinvestment project decision, including the experience and the problems of theirprogress.Finally, through the analysis of the issue of government investment projectsdecision system, the article has proposed countermeasures to optimize thedecision-making system, including in-depth optimization measures to the information,consultation, central, implementation, and monitoring each subsystem of thegovernment investment project decision system.