To achieve the goals and tasks of modernizing the organization of production activities, it
is advisable to monitor its effectiveness. In the process of managing the entire enterprise, or a
separate structural subdivision, there are large number of unforeseen procedures for
managing situations and uncertainties. Decision-making in emerging situations largely depends
on the system of process monitoring, which gives grounds for making conclusions about the
correctness of the decision in a particular situation.
Existing evaluation methods today can be described by one algorithm. An algorithm for
monitoring the effectiveness of the process of modernizing the organization of the production
activity of the instrument making enterprise is described, and the ways of its implementation
are described, which ensures the reliability and adequacy of the received assessment of the
effectiveness of the modernization process at the enterprise and can be an important tool for its
operational control and planning of corrective actions. The model of monitoring of the
effectiveness of the process of modernization of the organization of the production activity of
the device-making enterprise proposed in this paper is based on the use of the production
function of the Cobb-Douglas. To monitor the effectiveness of the process of modernizing the
organization of the production activity of the instrument making enterprise, it is proposed to
use the "Index of modernization of the organization of production activity", which is formed
on the basis of the production function, using the calculated weighting coefficients and the
coefficients of organizing the production activity by the main production factors.
The use of the process approach allows monitoring and measurement to be made, to
determine the state of the enterprise's production activity at the moment, and to predict its
future status. At the same time, monitoring should provide justification, and measurements in
the monitoring process should ensure the reliability of the results
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