Articlediamond2023

Innovative Risk Management: Identification, Assessment and Management of Risks in the Context of Innovative Project Management

24 citations0/0 files storedEconomic Affairs

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Economic and Technological Systems Analysis Construction Project Management and Performance Capital Investment and Risk Analysis

Abstract

"The article aims to solve the critical problem of risk management in the context of innovative projects, which affects the competitiveness and sustainability of organizations in the modern business environment. The purpose of the article is to highlight and develop an innovative approach to risk management in innovative projects to improve their success. The article examines the theoretical foundations of risk management in the context of innovative projects, including concepts, principles, and methods of risk management. The article identifies and analyzes the key risks that arise in the process of implementing innovative projects, including technological, financial, market and organizational risks. The article proposes the development of risk assessment methods and tools in the context of innovative projects, which may include the use of analytical methods, models, and approaches to assess the probability of risk occurrence and their potential impact on projects. The article offers effective methods of risk management in innovative projects the development of proactive measures to prevent risks, the determination of control points, the implementation of backup plans, and the development of a risk monitoring and control system. The article provides practical recommendations and examples of implementing innovative risk management in the real field of innovative project management. The authors examine various aspects of risk management and offer practical recommendations for managing them effectively. The results of the study will contribute to the improvement of risk management practices in organizations engaged in innovative activities and contribute to ensuring sustainable development and competitiveness."

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References

2003Risk management: The reinvention of internal control and the changing role of internal audit 2010Organizational support for intrapreneurship and its interaction with human capital to enhance innovative performance 2017Investigating the relationship between supply chain innovation, risk management capabilities and competitive advantage in global supply chains 2020Pandemics, public-private partnerships (PPPs), and force majeure | COVID-19 expectations and implications 2022A Risk-Oriented Approach in the System of Internal Auditing of the Subjects of Financial Monitoring 2017The effect of perceived risk on information search for innovative products and services: the moderating role of innate consumer innovativeness 2005Creative errors and heroic failures: capturing their innovative potential 2021Enterprise risk management and sustainability of banks performance

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