Risks affecting the achievement of goals of construction contracting organizations in the implementation of investment and construction projects in the context of digital technology application

Abstract

The modern construction industry is undergoing an active digital transformation that significantly changes the approaches to managing investment and construction projects. The implementation of advanced digital technologies, such as Building Information Modeling (BIM), Enterprise Resource Planning (ERP) systems, the Internet of Things (IoT), Big Data analytics, and Artificial Intelligence (AI), opens up new opportunities for general contracting construction organizations to enhance operational efficiency and optimize the processes of design, planning, and execution. These tools enable data integration and ensure operational control at all stages of the object's life cycle.

However, the process of digitalization simultaneously introduces new risks and challenges that require immediate and systematic management. These risks are directly related to information security (cyberattacks, software failures, loss of confidential data), technical compatibility and data integration across heterogeneous digital platforms, as well as low digital competence of personnel and the need for rapid adaptation of management processes to the new conditions. The ability of the general contractor to identify, assess, and effectively respond to these threats is critical for achieving both the strategic and operational goals of the company, determining its competitiveness and market resilience.

In this context, the issue of identifying, assessing, and managing risks that may affect key project performance indicators (time, budget, quality) gains particular relevance. The article proposes a systematic approach to risk management that complies with the requirements of international standards and provides a classification of the main risk groups arising during the implementation of investment and construction projects in the digital environment: organizational, financial, technological, digital, human, and reputational.

To improve the risk management system and enhance the resilience of companies, practical recommendations are proposed, including the creation of a unified electronic risk register and the implementation of an integrated digital risk management system. Such a system should cover automated monitoring, forecasting of risk situations, and prompt decision-making. The obtained research results can be used as a methodological basis for forming corporate resilience strategies for construction companies in the context of active digital transformation. Further research focuses on developing a methodology for the quantitative assessment of digital risks and modeling risk management in the BIM environment.