MODERN APPROACHES TO PROJECT PORTFOLIO MANAGEMENT IN THE ROAD CONSTRUCTION INDUSTRY

Abstract

The project approach is successfully implemented in all areas of human activity, in particular in the transport industry, and has proven itself as an effective and efficient tool for managing transport companies. Considering the large number of areas of activity in the transport sector, it is expedient to combine individual projects that are being implemented into programs and portfolios. In this study, an analysis of scientific works in the transport industry was carried out, which showed that the current state of affairs in this field requires the development of strategic management tools and their implementation in their activities. The works of scientists on strategic management and management of project portfolios of companies in various fields of activity were also considered, which showed that the available works can become the basis for developing models and methods of managing project portfolios in the field of road construction, but do not fully take into account the peculiarities of this field. The authors propose the application of a portfolio approach to the company's activities in the field of road construction. In this work, a study of the development directions of the road industry was carried out and the sources of filling the state road fund, from which financing of the specified development directions was provided, were determined, as well as an analysis of the standard of project portfolio management was carried out. In order to improve the quality of project portfolio management in the field of road construction, it is advisable to improve the implementation of strategic management processes, portfolio management, and to introduce those processes that are not yet being implemented. This can also be done by developing and implementing project portfolio management information technology in the field of road construction, which will enable the implementation of strategic management and project portfolio management.