Adaptive Construction Management Under Economic Uncertainty

In the current environment, Russia’s construction industry is facing heightened economic uncertainty caused by numerous external factors, including sanctions, inflationary fluctuations, pandemics, and changes in market demand. These challenges increase the risks of project delays and cost overruns, and they threaten the stability of construction companies. This article analyzes the concept of adaptive construction management as a key approach to enhancing the resilience of investment and construction projects in an unstable economic context. The aim of the study is to develop and justify a modern methodology of adaptive project management that enables timely responses to environmental changes and minimizes the negative impact of uncertainty. The research hypothesis is that the implementation of adaptive management principles– including flexible planning, dynamic risk management, and organizational agility–significantly improves the effectiveness of construction projects in uncertain conditions. The authors analyze relevant Russian and international literature, regulatory documents, and industry practices, and examine case studies from Moscow and the Moscow Region, including the construction of retail stores, restaurants, various types of residential buildings, and industrial facilities. Based on the research, the article provides recommendations for implementing adaptive management at all stages of construction projects. The results can be used by construction firms, investors, and project managers to improve planning and execution processes in an unstable economy.