ENHANCING SUPPLY CHAIN RESILIENCE IN PROJECT PROCUREMENT THROUGH RISK MANAGEMENT STRATEGIES IN CONSTRUCTION PROJECTS

Abstract

"Uncertainty" characterizes current global business conditions. Risks associated with supply chain management for construction projects have become harder to identify and manage. As a result, project outcomes have become less predictable. This study examines methods to refine procurement of construction projects, with a focus on processes and structures to effectively integrate risk management strategies, especially within the framework of the Pakistani construction industry. Using a selection of theories focused primarily on flexibility and interaction, the study develops a framework showing how risk management strategies, especially processes focused on supply chain preparation for disaster, are integrated with the flexibility of the organization's culture and staff to achieve the success of a construction project. Data were collected from construction industry professionals working in Pakistan. Data analysis was accomplished using PLS-SEM within the confines of SmartPLS 4. Findings from the study support the integration of risk management strategies for supply chain preparation for disaster to enhance construction project outcomes. The study demonstrates the need for and benefits from the integration of supply chain and project management systems to achieve project outcomes within the desired performance constraints. The adaptability of project management systems within an organization's culture is reinforced by the study. The study demonstrates risk management processes to accomplish project outcomes and facilitates project management to high risk, remote, and unstable markets.