Project supply chain risk management: a digitalization-based analysis from the perspective of the general contractor

This paper addresses the topic of Project Supply Chain Risk Management (PSCRM), a subject that has received limited attention in the existing literature. It introduces the concept of the Project Supply Chain (PSC) and explains that most research has focused primarily on the Construction Supply Chain (CSC), which is designed exclusively for project implementation in the construction sector. Construction Supply Chain Risk Management (CSCRM) is acknowledged as a relatively young field of study; however, an increasing number of publications are exploring CSCRM in greater depth, highlighting areas that remain underexplored or insufficiently examined. The paper points out that the concept of PSCRM is not yet clearly defined in the literature, and that effective risk management in this context requires dedicated tools and measures. One such measure proposed for use in the PSCRM process is the Foster-Hart measure, which allows for the quantification of risk levels and can be employed to prevent bankruptcy - an advantage not offered by other commonly used risk measures. Furthermore, the paper attempts to define PSCRM by synthesizing insights from the literature on traditional supply chains (SCs). The concept of supply chain risk is also discussed. The final section of the paper explores the role of digitalization in PSCRM, a perspective rarely addressed in the current literature. In discussing the digitalization of PSCRM, the use of advanced information technologies is emphasized, alongside the necessity of well-prepared data to support the PSCRM process - although this requirement may pose significant challenges.