The economic security of investment projects

The article analyzes modern approaches to the concept of “economic security of investment projects”. It is concluded that they are based primarily on risk management methodology. This approach is legitimate. However, the existing realities of investment processes give reason to believe that this approach is not always sufficient. The authors of the article offer to broader interpretate the economic security of investment projects. The author's approach is based on a modern interpretation of economic security at the state level, at the regional level, and at the level of an individual enterprise. The author's interpretation corresponds to the principles of an integrated approach, systematicity, and cause-and-effect relationships. Based on the analysis of the functional connections of the investment projects’ economic security, the authors conclude that security is a complex concept. This presupposes that structure of investment projects’ economic security includes interconnected functional components. According to the authors, investment projects differ significantly in type, volume, scale and significance, in the composition of investors, in goals and objectives. In this regard, the role and significance of each individual structural component of the investment projects’ economic security will vary significantly. The authors establish that importance of individual functional components of economic security depend on content and stages of the life cycle of investment projects.