INNOVATIVE FINANCIAL CRISIS MANAGEMENT IN CONSTRUCTION PROJECTS

Abstract

This paper presents an innovative approach to financial crisis management in construction projects, focusing on optimal resource allocation during economic downturns, exemplified by the COVID-19 pandemic. Utilizing a MATLAB-based mathematical model, the study provides a structured tool for decision-makers to strategically mitigate the financial impacts on project profitability. The model integrates essential economic parameters—project and yearly budgets, construction costs, expected returns, and interest rates—facilitating the maximization of profit margins and efficient unit construction across projects. Through comprehensive sensitivity analysis, the research identifies critical projects and timelines, enabling the formulation of worst-case scenarios that assess and mitigate financial risks under volatile conditions. A case study of large-scale construction projects in Jordan validates the model, revealing significant cost-saving potential and strategic resilience enhancements. Findings emphasize the importance of adaptive financial strategies in Innovative Financial Crisis Management in Construction Projects https://iaeme.com/Home/journal/IJCIET 75 editor@iaeme.com bolstering crisis resilience and provide a framework for proactive financial planning in construction management.