Well, lets assume that Russia and A-H have not found a permanent solution to the Balkans issue, but they do manage to keep it manageable (no war). IOTL, you have to keep 7 armies facing A-H/Germany and one facing the Ottomans in 1914. With Germany turning to an eastern war plan by 1919, you will need this many or more. And Germany might be tempted to solve some issues if things go badly. So you will need 8-10 armies in the west. And you need some type of fleet in Baltic. And you need the armies in the east. How many armies do you plan to attack Japan with?
Next, just glancing at your building program, it will cost a fortune. Easily Germany at its peak, so we are looking at 400 million marks (100 million USD, 25 million pounds) per year. This will be hard on the Imperial treasury.
And do they even have that many dry docks? Of a big enough size. Can they guild that many 16" guns? Produce that much armor plating? Can't give you the answers, but I bet they need outside help. And here is issue. You will have troubles with UK building such a large fleet for you. One is that if combined with the German Navy (RN 2 navy rule), the navy is huge in 15" + guns. Then add in the UK wants a 2 to 1 advantage over them, so they UK 24 new 15" dreads, which seems like exceed OTL production. BTW, 15" or larger guns penetrate predreads main belt at all ranges at all angles. In fact, any ship with less than a 13.5 inch gun will be suspect (you tended to armor a ship against a enemy gun about your size). So have trouble with UK building your ships for you. Not to mention, you may well cause Germany to do another Naval bill. You fleet is a real threat to High Seas Fleet in Baltic. Germany does not want to deal with Russia controlling the German coastline in a war.
Germany also issue. You have to find some Germany/Russian understanding. And this will make the UK really, really paranoid.
So this means I guess you try to build with domestic industry alone. Which means it will backlog badly, which is not unusual for the Tsars. Plans often don't work.
But ok, we are to 1919, and you solved all the issues for your TL. If you can get the war going, think you can win. The problem becomes diplomatic. Germany has a interest in knocking Russia down a notch. So does the UK due to India and Japanese alliance. There will be a real temptation to intervene. You risk getting WW1, but with UK on Entente side. It will be a short war, and loss for Russia.
But sure, if you can get everything working right, it could be huge Russian win, giving Russia domination over much of east Asia.