Management Of Construction Enterprises Research Articles

STRATEGIC AND LEADING DOMINANTS OF OVERCOMING ECONOMIC - MANAGEMENT DEVIATIONS OF CONSTRUCTION PROJECTS USING FUZZY LOGIC

The article defines the directions of functioning of the construction industry and stakeholders of construction enterprises, reveals the main directions and peculiarities of the functioning of construction enterprises in the conditions of martial law (during the full-scale invasion of the Russian Federation on the territory of Ukraine) and substantiated directions of transformational development in the period of post-war reconstruction. The components of the theoretical-methodological platform for the formation and implementation of development management of construction enterprises have been developed using a methodical approach to the evaluation of strategic sets of the enterprise based on the improvement of the classical quantitative strategic planning matrix (QSPM, Quantitative Strategic Planning Matrix). As a conceptual basis for identifying such factors, the McKinsey “7S” model was used, according to which all factors are grouped according to the signs of belonging to the following components: strategy, skills, common values (corporate culture), structure, employees, systems and style. As a result of the study, the factors affecting the formation and implementation of the adaptive capacity of the construction enterprise to the transformational changes of the operating system are proposed: labor productivity in the studied period; the ratio of administrative expenses to wages in operating expenses; the share of employees with higher education in the total number of management personnel; experience of management personnel; the ratio of labor costs to wage costs. The processes of economic-mathematical modeling of the influence of system factors on the integral indicator of the level of transformational ability of the enterprise are determined. To achieve the goals, the work uses methods of strategic diagnostics and fuzzy methods of multi-criteria evaluation with the help of the Matlab Fuzzy Logic Toolbox application program package.

Cost Management and Risk Control of Construction Projects under the Market Economy

With the continuous development of construction enterprises, the cost management of engineering projects has received more attention as a factor that directly affects the profits of enterprises. Under the deployment of the market economy, which is closely related to it, the construction cost often presents a certain degree of uncertainty.In the face of this uncertainty, properly managing risks and optimizing cost management strategies have become an effective way to maximize the benefits of construction companies. Starting from the problems existing in the cost management of construction enterprises, this paper puts forward some suggestions for their risk control and cost management.

Study on the application of construction project cost control in China

Project cost control is a hot issue in construction enterprise management and a key factor to determine the return on project investment. With the continuous summary of modern project management experience, systematic, comprehensive and dynamic management methods and ideas gradually began to be adopted. As a controllable system, cost system is the key to determine the market competitiveness of construction enterprises. This paper combines qualitative research with quantitative research, normative research with empirical research, theoretical research with practical research, and makes comprehensive use of previous research results to provide guidance for the practical operation of cost control in construction enterprises. Firstly, it introduces the important factors affecting the cost and the background and purpose of the project cost control, and then analyzes the object and content of the project cost control and analysis. Finally, the phenomenon of "three super" and the deviation of the project cost are analyzedd and discussed. It is of great practical significance to study project cost control for promoting the reform of investment system and improving market competitiveness of construction enterprises.

Management tools for the public-private partnership model of construction enterprises

The article explores the mechanisms and challenges of applying public-private partnership (PPP) in strategic management of construction enterprises in Ukraine. It analyzes the impact of globalization and liberalization on the effectiveness of construction firms and seeks ways to optimize PPPs to ensure their adaptation to the changing market conditions. The article emphasizes the need to harmonize PPP practices with contemporary demands of sustainable development and to define a set of criteria that take into account economic, technical, organizational, and social aspects. Five main groups of criteria are proposed, aimed at improving PPP models and assessed through a wide range of indicators, including in line with the policy of the European Union. Expert interviews have been used to determine the relevance of the criteria, allowing for an objective assessment of the importance of each one. The essence of PPP as a tool for strategic management, providing a coordinated interaction between the state and private investors in the construction sector, is provided. The current state and prospects for the development of PPPs in Ukraine are analyzed, taking into account international experience and the specifics of the national market. The defined criteria and sub-criteria for innovative development should form the basis for creating an effective management model that considers all aspects of sustainable development and facilitates the implementation of strategic initiatives. The research results highlight the importance of technical-technological and organizational development as key elements of a successful PPP model. The proposed approaches and recommendations may serve as a foundation for improving the management of construction enterprises, including through the introduction of innovative technologies and management methods

Risk Management of Construction Enterprises – theoretical approach

The present article is devoted to the process of risk management for construction enterprises in Poland. The key problem for entrepreneurs is to determine the existence of risk, its scale and influence on the organisation of an enterprise, as well as a possible reaction to it. Polish construction industry is closely connected with the overall economic situation.

IMPROVING THE ORGANIZATIONAL AND ECONOMIC MECHANISM FOR IMPROVING THE EFFECTIVENESS OF MANAGEMENT IN CONSTRUCTION ENTERPRISES

The article examines the institutional foundations of management of construction enterprises, identifies institutional problems in management, and also examines issues of improving management efficiency by eliminating existing problems or reducing their impact.

Research on Cash Flow Risk Management of Construction Enterprises

With the increasingly fierce international competition and scarce resources and environment, some enterprises in the important economic transition period appeared the capital chain fracture situation, stable capital chain is a necessary condition for the long-term development of enterprises. Therefore, this paper takes China Railway Construction as an example, analyzes the problems existing in cash flow risk management, and puts forward corresponding measures to provide certain reference for the industry.

ШЛЯХИ ПІДВИЩЕННЯ ЕФЕКТИВНОСТІ УПРАВЛІННЯ ІННОВАЦІЙНИМ РОЗВИТКОМ БУДІВЕЛЬНИХ ПІДПРИЄМСТВ

The article presents a theoretical analysis of the evaluation of the effectiveness of management of innovative development of construction enterprises. The purpose of the article is to conduct a theoretical analysis of approaches to assessing the effectiveness of management of innovative development of construction enterprises in the context of the implementation of the concept of sustainable development. It was noted that the construction sector is characterized by a high level of competition and significant barriers to entering the market. To ensure competitiveness and success, construction companies must implement the latest approaches to the design and execution of construction works, management of construction enterprises. The main ways of achieving construction efficiency have been determined, in particular, the optimization of construction processes, the implementation of lean construction methodology, the development of technological innovations, the expansion of cooperation between interested parties, and the support of sustainable and ecological construction practices. Implementation of these strategies can significantly increase construction productivity, reduce costs, and improve project outcomes. These approaches can also contribute to the long-term stability and viability of the industry by ensuring the rational use of resources, minimizing environmental impact and improving the overall quality of buildings. The main aspects of the evaluation of the effectiveness of the management of the innovative potential of the construction enterprise are considered: economic, organizational, social, technical-technological, ecological, marketing, which have the corresponding indicators and specifics. Separate quantitative and complex indicators for evaluating the organizational effectiveness of innovative development management, as well as indicators that transform qualitative parameters in the digital dimension, are presented. To evaluate the effectiveness of innovative development, it is proposed to use complex indicators that integrate value and quantitative indicators of statistical reporting.

Current Situation and Countermeasures of Cost Control in Construction Project Management

Nowaways, it is in the critical period of the rapid development of China’s construction enterprises. Facing the fierce market competition, the construction enterprises can not only integrate resources and realize the optimal allocation of resources, but also significantly improve the economic benefits of enterprises. In terms of above, this thesis mainly analyzes the problems existing in cost control in the process of project management of construction enterprises, and then puts forward corresponding measures for reference by others.

Update of construction organization models in the context of their adaptability to modern management and digital technologies

The construction industry has a significantly higher degree of fragmentation of process characteristics compared to other types of activity, which are determined by an extremely high level of dynamism of the economic environment, where enterprises are constantly faced with the need to adapt to market transformations, an integral component of which are organizational and structural changes (transformation of the structure, regimes functioning, connections and relations between the components of the economic and production system of the enterprise as an object of management). The formation of development as an innovative investment infrastructure of a construction project has a dual purpose: on the one hand, it acts as an objective indicator of the level of competitiveness of the enterprise, which allows the investor to have a clear idea of the level of investment attractiveness of the enterprise as an object of external investment; on the other hand, as a tool for diagnosing the state of implementation of the investment program and making relevant functional and investment decisions. An innovative process-oriented toolkit for evaluating and selecting options for a portfolio of construction projects is proposed, the content of which is adapted: to the content of the operational activities of the developer as one of the leading subjects of the construction and investment process and to the nature of the structure of the developer company operating in a multi-project business environment as administrator, coordinator and regulator of the processes of initiation, preparation and implementation of construction investment projects. The scientific-methodical and analytical results of the study provide the construction stakeholder enterprise with the proper economic balance of the processes of functioning in the environment of the development project and in the digitally adapted space of formalized strategic coordinates, provide project implementing enterprises with a scientific rationale for the essential growth of adaptogenic characteristics and the choice of an option to substantially improve the state of competitiveness of the enterprise : the results of the work collectively update the scientific and methodological basis of economics and management of construction enterprises.

Multifactor uncertainty analysis of prefabricated building supply chain: qualitative comparative analysis

PurposeThis paper constructs the uncertainty analysis model of prefabricated building supply chain risk. The model is designed to study the formation path of prefabricated building supply chain risk and is expected to be used by industry stakeholders for supply chain risk management.Design/methodology/approachBased on the uncertainty circle model, construct a configuration analysis framework for supply chain risks in prefabricated buildings. The fuzzy set qualitative comparative analysis (fsQCA) is used to study the configuration influence of five uncertain factors, including environment, plan-control, demand-supply, manufacturing and assembly-transportation, on the risk of the prefabricated building supply chain.FindingsThere are three paths to promote the high-risk generation of the prefabricated building supply chain: assembly-transportation-oriented, plan-control-oriented and manufacturing-oriented. There is a specific equivalent substitution relationship among the five causal conditions. Under specific conditions, different combinations of conditions have the same effect on promoting supply chain high-risk generation through equivalent substitution.Originality/valueThe multiple concurrent causal relationships of risk conditions in the assembly construction supply chain are studied under the grouping perspective, which helps to expand the research perspective of assembly construction supply chain risk and provides theoretical guidance for supply chain risk management of construction enterprises.

Visual and graphic defragmentation of life and operational and production cycles of a construction enterprise according to standardized stages

This article proposes a structured mechanism for forming the trajectory of the transformation of the construction enterprise management system. The system of indicators that currently assess the level of sustainability of the enterprise is described; a toolkit that allows you to use this system of indicators throughout the entire existence of the enterprise, taking into account the influence of multidirectional uncertainty factors that differ in the degree of influence, arising in the conditions of digitalization of the economy; the ability to determine the scenarios of the company's development depending on the degree of influence of uncertainty factors on its functioning; the ability to assess the effectiveness of the proposed management decisions to counteract these factors. The methodology of digitization of the administration of the activities of the construction enterprise - a stakeholder of construction projects - has been introduced and substantiated. The development of the enterprise, the leveling of the impact of actual and potential threats to the macro-environment through the rational use of all the benefits of the high stage of the life cycle have been studied. On the basis of the analysis of theoretical sources and the results of statistical analysis, a system of factors of scenarios for managing the economic potential of the enterprise with the qualitative characteristic of "proactivity" was determined: return on investment, the share of innovative types of products in the total number of products of the enterprise, the rate of renewal of fixed assets, profitability of production, profitability of production, return on capital , the coefficient of sustainability of financing. The development of adaptability, which is expedient at the stage of recession, is analyzed and involves the use of the company's capabilities to implement active rehabilitation measures in order to prevent stagnant processes and ensure a return to the stage of progression and prosperity in the shortest possible time. The following factors were determined for the scenarios of this group: quick liquidity coefficient, autonomy coefficient, maneuverability coefficient of working capital, suitability coefficient of the company's fixed assets, labor productivity, fund profitability.

Brief Discussion on the Management of Construction Enterprises

Brief Discussion on the Management of Construction Enterprises

Management Cost Management and Resource Optimization of Construction Enterprises Based on Ecological Environment Constraints.

In recent years, with the proposal of the “One Belt, One Road” initiative, the domestic economy and its development have entered a new normal, which has promoted the determination and connection of the development strategies of various countries. It has brought new opportunities for the development of domestic enterprises. In this context, it has become a trend for Chinese enterprises to go international, especially in the construction industry; due to the good potential of the “Belt and Road” initiative, it is necessary to change and update from the traditional construction industry to modern construction industry. Therefore, how to promote the coordinated development of the construction company's resource management system, meet the needs of the company's own development, and adapt to the goals of internationalization and modern management have become a problem that people are very concerned about. The current domestic environmental situation is improving in part, but it is deteriorating in general. The harm caused by environmental pollution and damage is becoming more and more obvious. The construction industry is one of the national pillar industries, and it is also an industry with high energy consumption and high pollution. Based on this, this study first introduces construction enterprise management and resource optimization methods and integrates ecological environmental protection into enterprise operating cost management. Second, it establishes an enterprise-centric resource allocation model and optimization algorithm. An empirical study was carried out on the ecological management capabilities of three construction enterprises of different sizes, namely, Industrial Group, Group A, and Construction Enterprise B, and concluded that the overall level of environmental competitiveness of construction enterprises in my country is not high, among the environmental management and construction capabilities of enterprises. The standardization ability of ecological engineering construction is relatively weak, resulting in poor overall profitability of the enterprise, and the number of green suppliers does not meet the needs of ecological development. However, under the constraints of the ecological environment, construction enterprises compete with each other to control operating costs and at the same time affect the environment. At the same time, the allocation of resources by enterprises is also more conducive to the development of ecological civilization in the industry.

Brief Discussion on the Problems and Countermeasures in Safety Production Management of Construction Enterprises

Brief Discussion on the Problems and Countermeasures in Safety Production Management of Construction Enterprises

Application of Management Accounting in Financial Management of Construction Enterprises

Application of Management Accounting in Financial Management of Construction Enterprises

FINANCIAL SUPPORT OF THE ADAPTIVE MANAGEMENT SYSTEM OF CONSTRUCTION ENTERPRISES

The article examines the impact of financial support on the management of economic entities and develops a methodical approach to assessing the level of financial support of the system of adaptive management of construction companies. It is noted that today the introduction of modern management systems into the practical activities of construction companies, capable of adapting business entities to the existing conditions of doing business, is of particular importance. It is the financial support that needs special attention in the system of adaptive management of construction companies. The main existing approaches of Ukrainian and foreign scientists to the definition of «financial security» of economic entities are considered. It is established that the financial support of construction companies has certain features related to the specifics of production and economic activities and existing management systems. It is emphasized that the financial support of construction companies significantly affects the overall management system and effective management decisions, due to the possibility of creating certain conditions to maximize net cash flow, the growth of which will increase the self-financing of the entity and reduce its dependence on external sources. The key characteristics and features of financial support of the system of adaptive management of construction enterprises are highlighted. It is concluded that the proposed methodical approach to assessing the level of financial support of the system of adaptive management of construction companies allows to build a universal reliable simulation model with a predetermined level of efficiency and the ability to make additional changes. It is proposed, in the future, to assess the level of financial security of construction companies as an element of adaptive management, which will certainly allow you to make effective management decisions on all activities of the business entity.

Avoidance Path of Foreign Exchange Risk Management for Overseas Construction Enterprises in China

Foreign exchange risk management is the focus of overseas construction enterprise management. The quality of its management will affect the profitability of enterprises to a large extent. It is also an important index for comprehensive evaluation of its internal management. The foreign exchange management strategies of China’s overseas construction enterprises mainly include two ways: operational hedging and financial hedging. According to the data of overseas construction enterprises in China from 2011 to 2018, the empirical application shows that enterprises that use only financial hedging have a negative relationship with corporate profits. The better foreign exchange risk management strategy of enterprises should be a comprehensive foreign exchange risk prevention strategy, which mainly relies on operational hedging supplemented by financial hedging.

Discussion on Construction Engineering Quality and Safety Management of Construction Enterprises

Discussion on Construction Engineering Quality and Safety Management of Construction Enterprises

ОСОБЛИВОСТІ УПРАВЛІННЯ ІНТЕЛЕКТУАЛЬНИМ КАПІТАЛОМ БУДІВЕЛЬНИХ ПІДПРИЄМСТВ

Intellectual capital as an economic category in modern studies is interpreted mainly as a determining factor of competitiveness and welfare of society. Such a position became a scientific justification for the priority of tasks of the state social and economic policy regarding the formation of favorable conditions for the reproduction of human intellectual capital in general, the intellectualization of labor, the growth of the scale and efficiency of investments in human capital. At the present stage of development of post-industrial society in almost all spheres of the national economy there is a desire for development and innovation. This encourages economic science to increase interest in human intelligence, which is realized through human capital. After all, human abilities, knowledge, skills, op-portunities, intellectual development are the basis for the formation of an innovative society and the economy of intellectual capital. The ability to effectively and efficiently apply new relevant knowledge makes it possible to effectively identify and strengthen comparative competitive advantages, to align internal development opportunities with external ones generated by the market. Since the concept of the formation and development of intellectual capital is insufficiently characterized in the already published scientific works, the purpose of this study is to determine the main aspects of the structure, main features and characteristics of the intellectual capital of construction enterprises in the domestic market. The main results of the conducted research are the determination of the main role of intellectual capital at the national level, the mechanism of intellectual capital management of construction enterprises is characterized, and the impact of the intellectual component on the development of the construction industry as a whole is determined as a result of the analysis of the main functions. In the process of forming a modern innovative society, the need for the formation of a new economy – an economy of intellectual capital – remains relevant, therefore there is a need to further improve and in-depth study of this problem, taking into account the needs of modern socio-economic development of society.