Risk management of innovation projects

Modern conditions for the development of enterprises of all activities and forms of ownership require a thorough approach to the organization of investment activities, the development and implementation of investment projects that meet the development strategy of companies, their goals and objectives, and have a high level of economic efficiency. The implementation of any investment project is associated with risks and implies the need to minimize their impact on project results. If a project is associated with innovations, the risk increases many times over, which is determined by the very essence of these projects, the inability to predict the degree of influence of internal and external factors on the results of their implementation. This necessitates a systematic approach to the problem of managing the risks of innovative projects. The main structural elements of risk management are the following: risk identification, risk assessment in terms of probability of occurrence and significance of negative consequences, development of a strategy including risk response measures, control of risk response measures involving monitoring of the innovation project implementation environment and change management...