Performance Evaluation Method Of Public Investment Based On The Group Decision Making

In the new century, China as a developing country, the Government of China hasused a proactive fiscal policy to promote economic growth.Now, economic transitionplays an important role in the growth. With the rapid economic development, China’sgovernment departments at all levels have generally increased investment in publicprojects, public investment plays a very important role in social and economicdevelopment. However, the government showed rapid growth, some problems havataken place. In the public investment area, such as ultra-budget estimates and finalaccounts over budget, the "three excesses" of investment beyond the plan works;quality standards "rubbish" projects; side survey design side, while the construction of"three side "project; most demand performance," image "of the face works; andmisappropriation of project funds and corruption. Therefore, pay close attention to theperformance of public investment gradually by the community.The relatively late development of China’s public investment performanceevaluation, both in theory and in practice is still in the exploratory stage. Performanceevaluation of public investment has not yet formed a standardization system. Mainlyin the public project investment performance evaluation theory, there are stillinadequacies in the performance evaluation index system and methods of performanceevaluation. To solve these problems, the need to evaluate the investment performanceof public programs related theories to actively explore, to find a scientific andeffective public investment performance evaluation theory; to establish a rationalpublic investment performance evaluation index system; build reliable publicinvestment evaluation method for performance model.This article is the analysis of investment in public projects and projectperformance evaluation theory to sort out on the basis of the status quo, based oninvestment performance evaluation of public projects, the development of China’sinvestment in public projects, from the point of view of process performanceevaluation, the investment performance of public projects evaluation index system,and group decision theory to build a public project investment performance evaluationmethod model. The study was designed to achieve social impact of investment inpublic projects, the economic effect, environmental protection and other aspects of acomprehensive analysis and comprehensive evaluation, in order to establish a scientific and effective mechanism of supervision and restraint, and to supervise theuse of public resources. Finally, summarizes the main arguments and conclusions ofthis article.