Economic Value Creation and Management Strategies in the Lifecycle of Geological Research Projects

Abstract

Geological research projects play a crucial role in resource exploration, development, and environmental protection. Maximizing economic value at each stage of the project lifecycle has become a key issue in research management. This paper explores the definition and phase division of the geological research project lifecycle, analyzes the economic value potential at each stage, and identifies key drivers of economic value creation, such as technological innovation, resource utilization efficiency, financial management, and risk management. Furthermore, this paper proposes lifecycle management strategies, resource optimization methods, and approaches for outcome transformation (outcome transformation refers to the transformation of research results into practical applications), aiming to enhance the overall effectiveness of geological research projects. Through a systematic analysis of management strategies, this paper provides theoretical guidance and practical references for creating economic value in geological research projects.