Construction project management technology based on the theory of system stability

• Published in: Journal of physics. Conference series Vol. 1926; no. 1; pp. 12063 - 12070
• Main Authors: Tsopa, N V, Malakhova, V V, Fedorkina, M S
• Format: Journal Article
• Language: English
• Published: Bristol IOP Publishing 01.05.2021
• Subjects: Automatic control systems; Control stability; Indicators; Payback periods; Physics; Profitability; Project management; Risk management; Sustainability; Systems stability
• ISSN: 1742-6588; 1742-6596
• DOI: 10.1088/1742-6596/1926/1/012063

Abstract Abstract The paper substantiates possibility and necessity of applying the system stability theory to the management of a construction project. Stability theories of automatic control systems are considered. Sustainability of construction projects is considered based on the sustainability theory of organizational systems. The indicators that characterize the degree of stability of the construction project are determined. The main indicators of project sustainability are Net Present Income, project payback period, internal rate of return and project profitability. A mechanism for calculating these indicators before and after the application of the project management technology is presented. Approbation of the proposed project management technology based on sustainability indicators was carried out on the example of the construction of the “Villa Rose” cottage village. In the process of management, risks were identified at the stages of project implementation with the help of independent experts. The integral indicator of the project risk has been determined and the project risk management strategies have been selected.