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Due to dynamic changes in both internal and external environments, the risk evolution of the project portfolio (PP) becomes extremely complicated, thereby increasing the difficulties of effective risk response. In particular, the real-time influence of risk interactions on the evolution of project portfolio risk (PPR) often goes unnoticed. Meanwhile, risk contagiousness is completely ignored in risk response. To tackle this challenge, this study proposes a PPR evolution and response (PPRER) model by improving the Barrat–Barthelemy–Vespignani (BBV) model and by introducing the evolutionary dynamics method into the PPR response research. The feasibility and applicability of the proposed model are verified through a numerical illustration. Computational results demonstrate that the proposed model can simulate the evolution process of PPRs under the influence of their interactions and give a snapshot of the real-time interactive relationship between PPRs. Based on the obtained results, decision-makers can take effective risk responses by identifying critical strategy intrusion nodes at any time in the evolution process. [ABSTRACT FROM AUTHOR]

During the project life cycle, selecting the appropriate service provider portfolio (SPP) is essential to guaranteeing the successful implementation of manufacturing tasks. However, the existence of the synergy effect among service providers poses a challenge for decision makers in selecting the most suitable SPP. To effectively address this challenge, this study constructs a novel service provider portfolio selection (SPPS) model across the project life cycle, considering the synergy effect. The model is based on the integration of a radial basis function neural network (RBFNN), the technique for order preference by similarity to ideal solution (TOPSIS), and the entropy method (EM). First, the evaluation criteria for service provider selection are defined, followed by the identification of alternative service providers and feasible SPPs based on project life cycle division. Subsequently, a quantitative analysis of the synergy effect among service providers within the same stage, as well as between different stages, throughout the project life cycle, is carried out. This analysis helps to determine the input variables and expected output variables that will be utilized in the model. Additionally, the feasibility and applicability of the proposed model are illustrated through an example. Finally, a comparison between the proposed hybrid model and the BPNN is conducted to validate the model's accuracy and efficiency. This study contributes to making sound decisions in the SPPS process from a project life cycle perspective. [ABSTRACT FROM AUTHOR]

The rapid development of energy consumption and carbon emissions in the construction industry poses an enormous and negative challenge for China's energy and environment. While maintaining moderate economic growth, it is particularly important to realize energy conservation and carbon reduction. Carbon tax policy, a direct tool to reduce carbon emissions, can effectively alleviate the environmental issues caused by construction activities. However, relying solely on a single method is insufficient to handle the complicated circumstances of China's construction industry. This study explores the influence of carbon tax on the construction industry through adjustments to tax rates via developing a Computable General Equilibrium (CGE) model. Then, it analyzes how the carbon tax affects the economic and environmental variables by designing scenarios for recycling tax revenue and improved energy efficiency. The results indicate that the carbon tax rate of 40 RMB/t-CO2 is the most appropriate. At this tax level, the negative impacts of energy demand and emissions reduction on macroeconomy and construction industry are minimized. It was also determined that carbon tax revenue recycling to households and sectoral investment will realize the "weak double dividend" effect on the construction industry. Furthermore, improving energy efficiency in the construction industry will demonstrate the additional advantages of carbon tax. This study serves as a theoretical foundation for the Chinese government to develop various energy strategies to achieve low-carbon development in the construction industry. [ABSTRACT FROM AUTHOR]

The successful implementation of project portfolios (PP) calls for effective risk management, in which selecting optimal risk response strategies help to reduce the impact of risk. Project portfolio risks (PPRs) exhibit causality and time dependency over the life cycle, which result in cumulative effects over time. By accounting for these risk correlations, risk response could be more effective in reducing expected losses than risk independence assumption. To support effective and sustainable risk management, this study proposes a novel risk response method that integrates the dynamic Bayesian network (DBN) model and reward–risk optimization model to select risk response strategies for different stages of the PP life cycle. The proposed method supports a more comprehensive analysis of risk contagion paths by opening the black box of the risk propagation paths during the PP life cycle. In this method, the PPRs, as the DBN nodes, are first identified, considering the project's interdependency. Second, DBN analysis is used to assess PPRs by visually modeling the causality and life cycle correlation among risks. Then, the reward–risk optimization model is built to determine risk response strategies for each stage of the life cycle under the constraints. Finally, the proposed method selects risk response strategies for different stages of the PP life cycle. The findings reveal that the risk response effects are maximized if the risks are responded to in earlier stages. Moreover, the findings contribute to helping managers choose the optimal risk response strategies consistent with the risk response budget. As the effect of the strategy depends on the actual situation of the PP, the factors affecting the response effect of the strategies are recommended for further study. [ABSTRACT FROM AUTHOR]

Multiple internal conflicts and external emergencies can occur when an enterprise implements a project portfolio (PP), making the PP inevitably deviate from the enterprise's strategic objectives. As a means of project portfolio change (PPC) that aims to align the PP with strategic objectives, adding new projects can compensate for this deviation. Furthermore, the synergistic relationships in the PP can significantly impact the achievement of the enterprise's strategic objectives. Therefore, this study presents a procedure for the selection of new projects that considers the synergistic relationships in the PP. First, the deviation between the PP and the enterprise's strategic objectives is identified. Second, the synergistic relationships between candidate new projects and the projects in the PP are analyzed, based on which a model of new project selection is built. Third, by comparing the model simulation results of the attainment of the strategic objectives of several PPs, the new projects that can best achieve these strategic objectives are added to the PP. This procedure is illustrated using a numerical example showing its applicability and efficacy. For academia, this study provides a theoretical framework for the selection of new projects. Moreover, the straightforward procedure can help manage PPs in business practice. [ABSTRACT FROM AUTHOR]

Globalization has driven the promotion of international vocational qualification and certification (IVQC) to unify certification systems and standards. We explore IVQC promotion paths through the introduction and development of China's International Project Manager Professional (IPMP) certification and identify and analyse IVQC processes' influencing factors. Four factors (economic level, education level, employment level, sex ratio) are proposed; their impacts are hypothesized. Geographically weighted regression (GWR) is employed to identify factor impact relationships and validate assumptions. The results show that the four factors are positive for the promotion of IVQC. Economic level, employment level, and sex ratio contribute to the promotion of IVQC; employment level contributes most. Education level has relatively small impact. Therefore, IVQC is more likely to enter areas with developed economies, high employment rates, and more males. The promotion of IVQC can be facilitated by continuous social progress and international development. However, areas where salient factor levels are too low still present challenges. [ABSTRACT FROM AUTHOR]

With economic development and globalization, more organizations have been cooperating with foreign enterprises, which brings not only opportunities but also management difficulties and competitions with organizations. Organizations must improve their management and adapt to changing market conditions and the requirements and needs of its customers to maintain and strengthen its position in the market. Management by Project (MBP) uses technical methods of modern project management (PM) to manage various tasks and activities that are considered as projects. It is an effective way to solve management problems and improve management levels and enterprise competitiveness. However, few small and medium-sized enterprises apply MBP in their operation and management processes. Therefore, this paper presents a new idea to promote the application of MBP and the formation of a PM culture within society. In this paper, we searched a major database using the systematic literature review method and analyzed the articles directly or indirectly linked to our paper to obtain literature supporting the views of this article. First, this paper presents a new kind of management culture from the social aspect, termed as Social Project Culture (SPC), which can promote sustainable development and improve the management level and efficiency of organizations by promoting MBP application across society. Second, by analyzing the SPC definition, its three functions, i.e., project management behavior, management and risk control capacity, and international competitiveness, are provided. Then, to help organizations apply this method, an evolutionary path is proposed, including the creation stage, formative stage, mature stage, and heritage stage. Finally, to ensure the continued optimization of SPC, four safeguard measures in terms of theory, institution, behavior, and ideology are proposed. [ABSTRACT FROM AUTHOR]

In the past few decades, traffic congestion, traffic accidents, and air pollution caused by transport become increasingly serious in China, so the issue of sustainable development of transport has attracted much attention. This study explores the development level of provincial sustainable transport in China, measures the level of sustainable development of China’s transport from the perspective of transport efficiency, and analyzes the differences and spatial effects of sustainable transport development. The undesired output of the super slacks-based-measurement data envelopment analysis (US-SBM-DEA) model is used to measure the sustainable transport efficiency (STE) in different provinces of China, and then the coefficient of variation (CV) and Gini coefficient (GC) are used to explore the regional differences of STE. Finally, we analyze the spatial aggregation of STE by the index of Moran’s I. The results show that the regional mean of STE presents a distribution in the order of eastern > western > central > northeastern regions. The CV reveals that there is a local σ-convergence in the STE differences among the four regions during the study period. The Moran scatter plot of STE shows that the provincial STEs in China are mainly the aggregations of high–low and low–low with the latter being more obvious. The GC basically remained at a relatively stable level during 2007–2015 while quickly decreased in 2016. i.e., the equity of sustainable transport increased dramatically in 2016. These results meet the actual development of the sustainable transport in China’s provinces and reflect the level of sustainable transport efficiency more objectively. The results of this study provides theoretical support for the provincial governments to formulate efficient transport policies. [ABSTRACT FROM AUTHOR]

Traditional rural residential construction has the problems of high energy consumption and severe pollution. In general, with sustainable development in the construction industry, rural residential construction should be aimed towards low energy consumption and low carbon emissions. To help achieve this objective, in this paper, we evaluated four different possible building structures using AHP-Grey Correlation Analysis, which consists of the Analytic Hierarchy Process (AHP) and the Grey Correlation Analysis. The four structures included the traditional and currently widely used brick and concrete structure, as well as structure insulated panels (SIPs). Comparing the performances of economic benefit and carbon emission, the conclusion that SIPs have the best overall performance can be obtained, providing a reference to help builders choose the most appropriate building structure in rural China., Competing Interests: The authors declare no conflict of interest.