№ 4/2018

№ 4/2018

Nauk. pr. NDFI 2018 (4): 17–29https://doi.org/10.33763/npndfi2018.04.017

FINANCIAL AND ECONOMIC REGULATION

DYACHENKO Iakiv ¹

¹SESE “The Academy of Financial Management”

Improvement of risk management system for investment projects

The conceptual and scientific apparatus of risks, their influence on the effectiveness of economic activity is investigated. In order to systematize the means of the economic mechanism of risk management, to effectively overcome the challenges and threats, to further develop its component structure, theoretical approaches to the formation and development of the general risk theory, based on global and national experience in risk management, are generalized; the main types of risks and key problems are identified; the main requirements for means of forecasting, overcoming and managing risks are substantiated; and proposals for improving the effectiveness of risk management in Ukraine are developed in the present paper. Assessment and manifestation of risks as an inherent property of the market environment are based on factors of political, market, financial, industrial, investment and operational character. Methodological approaches to determining the extent of risk exposure to a particular type of economic activity are based on the quantitative calculation of the risk exposure due to losses or positive effects, taking into account the probability of obtaining the planned result, whether undesirable adverse effects or deviations from the target. The determination of risks is based on the factors of their occurrence, the quantitative limits of their manifestation and methodological approaches to their evaluation. The given model of the organization of work on risk management includes the following sequence of actions: selection of an expert team, a choice of techniques for analyzing the influence factors, distribution of risks and consideration of the findings. To reduce and prevent risks, methods of their distribution, insurance, redundancy of coverage and neutralization are recommended. The proposed risk management recommendations will make it possible to promptly respond to changes in project implementation parameters and take scientifically based management decisions.

Keywords:economic activity, risks, risk management, means of economic mechanism, management model

JEL: D81, E22, G11, G32

DYACHENKO I. . Improvement of risk management system for investment projects / I. . DYACHENKO // Наукові праці НДФІ. - 2018. - № 4. - C. 17-29.

Article original in Ukrainian (pp. 17 - 29)

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