Article

Received 14.01.2025

Revised 22.05.2025

Accepted 24.06.2025

Retrieved from Iss. 117, P. 2, 2025

Pages 486 -502

Danchenko, O., & Kulikov, O. (2025). METHODS OF PROJECT PORTFOLIO MANAGEMENTIN THE ROAD CONSTRUCTION INDUSTRY. Automobile Roads and Road Construction, (117.2), 486-502. https://doi.org/10.33744/0365-8171-2025-117.2-486-502

METHODS OF PROJECT PORTFOLIO MANAGEMENTIN THE ROAD CONSTRUCTION INDUSTRY

Olena Danchenko Oleg Kulikov

The relevance of the research topic is due to the need to improve and further develop methodological approaches to project portfolio management, in terms of the formation of the latter taking into account the characteristics of the road construction industry. The purpose of the research is to increase the effectiveness and efficiency of project portfolio management in the road construction industry by developing methods for managing them. The object of the research is the process of managing project portfolios in the road construction industry. The subject of the research is approaches, models and methods for forming and managing a project portfolio. Research methodology. The research was conducted on the basis of the practice of applying the project approach and portfolio-oriented management in the road construction industry. When forming the conceptual basis of the research, as well as analyzing scientific works, the method of scientific identification and comparative analysis was used; when developing a method for forming a project portfolio in the road construction industry - FEFO, FIFO, LIFO and HIFO inventory management strategies; when developing a method for managing project portfolios in the road construction industry - a systems approach, strategic management

system approach, strategic management, project portfolio, project portfolio management, portfolio-oriented management, project portfolio formation, road construction
  1. Kulikov, O.M. (2023). Modern approaches to project portfolio management in the road construction industry. Bulletin of the National Technical University “KhPI”. Series: Strategic Management, Portfolio, Program and Project Management, 1(7), 42-50. doi: 10.20998/2413-3000.2023.7.6.
  2. Kulikov, O.M., & Morozova, H.S. (2024). Conceptual model for forming project portfolios in the road construction industry. Management of Complex Systems Development, 58, 42-52. doi: 10.32347/2412-9933.2024.58.42-52.
  3. DSTU ISO 21502:2025 (ISO 21502:2020, IDT). (2025). Project, programme and portfolio management – guidance on project management. Retrieved from https://uas.gov.ua/standardization/nakazy/2025/july?page_size=10.
  4. DSTU ISO 21504:2025 (ISO 21504:2022, IDT). (2025). Project, programme and portfolio management – guidance on portfolio management. Retrieved from https://uas.gov.ua/standardization/nakazy/2025/july?page_size=10.
  5. Arsanjani, M.A., & Ershadi, M. (2021). Avenues to improving the effectiveness of project portfolio management in the construction industry. International Journal of Management Science and Engineering Management, 17(4), 259-268. doi: 10.1080/17509653.2021.2009053.
  6. Horodetska, T.E., Kovalkov, S.D., & Rosokhatyi, S.A. (2025). Strategic project management in the transport complex in the context of sustainable development. Ukrainian Journal of Applied Economics and Technology, 10(2), 50-54. doi: 10.36887/2415-8453-2025-2-8.
  7. Ivko, A.V. (2022). Management of road infrastructure restoration projects and the portfolio approach. Bulletin of the National Transport University. Series: Technical Sciences, 3(53), 433-442. doi: 10.33744/2308-6645-2022-3-53-433-442.
  8. Emefu, E.C., Ghaffar, A., Nenseth, E., & Sund, K. (2024). Portfolio management of infrastructure projects. IOP Conference Series: Earth and Environmental Science, 1389, article number 012031. doi: 10.1088/1755-1315/1389/1/012031.
  9. Lou, B., Afshari, M., Johansen, A., Nygaard Rasmussen, F., & Bohne, R.A. (2025). Sustainability in infrastructure project management – analysis of two European megaprojects. Infrastructures, 10(5), article number 113. doi: 10.3390/infrastructures10050113.
  10. Topazly, R. (2025). Institutional mechanisms of public administration for the development of the construction industry in conditions of decentralization. Bulletin of Khmelnytskyi National University. Economic Sciences, 340(2), 26-32. doi: 10.31891/2307-5740-2025-340-3.
  11. Kulikov, O.M. (2023). Overview of warehouse logistics strategies for forming project portfolios in the road construction industry. In Project, program, portfolio management (P3M-2023): Abstracts of the VIII international scientific and practical conference (Vol. 1, pp. 23-28). Odesa: Institute of Artificial Intelligence and Robotics. 
  12. Vivchar, O.I. (2019). Formation of a logistics strategy for the economic security system of transport enterprises using economic-mathematical modeling tools. Review of Transport Economics and Management, 1(17), 89-95. doi: 10.15802/rtemt.v0i1(17).176490.
  13. Ivchenkova, O.Yu., & Liakh, A.O. (2018). Analysis of concepts for managing the order portfolio of an IT enterprise. Economic Bulletin of Donbas, 1(51), 83-86.
  14. Haruta, V.S., Marunych, V.S., Haruta, V.L., & Hryhorevska, M.Ya. (2021). Strategic project management in the transport industry. Management of Complex Systems Development, 45, 57-65. doi: 10.32347/2412-9933.2021.45.57-65.
  15. Tryhuba, A.M., Kondysiuk, I.V., & Koval, N.Ya. (2021). Formation of hybrid project portfolios for motor transport enterprises. Bulletin of the National Technical University “KhPI”. Series: Strategic Management, Portfolio, Program and Project Management, 2(4), 67-72. doi: 10.20998/2413-3000.2021.4.9.
  16. Kononenko, I.V., & Kpodjedo, M.F.K. (2022). Method for selecting an approach to project portfolio management and its application. Bulletin of the National Technical University “KhPI”. Series: Strategic Management, Portfolio, Program and Project Management, 1(5), 29-38. doi: 10.20998/2413-3000.2022.5.3.
  17. Project Management Institute. (2019). A guide to the project management body of knowledge (7th ed.). Chicago: Project Management Institute.
  18. Kulikov, O.M., & Bedrii, D.I. (2025). Method for forming project portfolios in the road construction industry. In Project management in society development: Abstracts of the XXII international scientific and practical conference (pp. 152-156). Kyiv: Kyiv National University of Construction and Architecture.
  19. Kulikov, O.M., & Bedrii, D.I. (2025). Method for managing project portfolios in the road construction sector. In Information systems and innovative technologies for project and program management: Abstracts of the international scientific and practical conference (pp. 168-171). Kharkiv-Koblevo.

https://doi.org/10.33744/0365-8171-2025-117.2-486-502