Development of a material resource management strategy at the project (program) planning stage in investment and construction activities
Year: 2025
Type: article
Abstract: The article provides a comprehensive analysis of the development of a material resource management strategy at the project (program) planning stage, which is one of the key factors for the successful implementation of projects (programs). In particular, theoretical approaches to the development of material resource management strategies in various studies and scientific literature are examined. It has been established that most authors emphasize the critical importance of detailed planning as a prerequisite for timely material supply, inventory optimization, and cost minimization, all of which contribute to enhancing the overall project efficiency. The main objective of the article is to develop a comprehensive model for integrating project management tools to ensure effective material resource management throughout the entire project (program) life cycle, particularly in investment and construction activities. The analysis of key stages such as planning, procurement organization, logistics, usage control, and accounting of material resources allows for the identification of the most effective management approaches. As a result, the study highlights possible fundamental strategies for material resource management, including insourcing, outsourcing, and co-sourcing, enabling the selection of the optimal strategy based on the specifics of internal project (program) processes and external environmental factors. The article also provides practical recommendations for implementing the developed material resource management strategy. This comprehensive approach, which includes not only planning and procurement organization but also systematic control over resource utilization, is crucial for ensuring the timely completion of project tasks and achieving its strategic objectives.
Source: Economic Analysis
Institution: Lviv Polytechnic National University
Language: English
Field: Decision Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411756159