Perturbation expansions in renormalized quantum field theories are reformulated in a way that permits a straightforward handling of situations when in the conventional approach, i.e. in fixed renormalization scheme, these expansions are factorially divergent and even of asymptotically constant sign. The result takes the form of convergent (under certain circumstances) expansions in a set of functionsZk(a,χ) of the couplant and the free parameterχ which specifies the procedure involved. The value ofχ is shown to be correlated to the basic properties of nonperturbative effects as embodied in power corrections. Close connection of this procedure to Borel summation technique is demonstrated and its relation to conventional perturbation theory in fixed renormalization schemes elucidated.