FEATURES OF RISK MANAGEMENT OF AN INNOVATIVE INVESTMENT PROJECT

The activity of each innovative economic entity is accompanied by numerous economic risks that significantly affect the results of the enterprise. Economic risk is inherent in all areas of activity of a business entity: it is associated with the formation of sources, capital, income and financial results of entrepreneurial activity. It is characterized by monetary losses that may arise due to the implementation of economic activities. The relevance of the research topic is explained by the need to search, analyze and select methods that guarantee effective risk management in business activities aimed at making a profit when implementing an innovative project. This paper examines the risk management procedure of an innovative investment project, including the main methods and principles in the analysis and assessment of innovative risks. From the author’s point of view, only with a properly selected and effective project management system, it is possible to achieve the intended indicators in their maximum dimension, which will ultimately affect the economic efficiency of the entire economic entity. Therefore, the purpose of this study is to justify the need for the formation of a risk management system at all stages of the implementation of innovative projects, as well as to determine the main components of risk management of innovative projects. To achieve this goal, the authors solved the theoretical problem of forming the main tools in entrepreneurial and innovative activities. The research is based on the analysis of scientific literature in the field of agricultural economics and small business. As a result of the work, the existing methods of risk management were studied, the criteria for analyzing the risks of an innovative investment project were developed, which makes it possible to collect the necessary base that allows us to further more fully work out this problem of leveling risks in innovative entrepreneurship.

innovation activity, risk management, risk management, investment risk, risk assessment, innovation project, project risk insurance, entrepreneurship, investment, risk size.

Subaeva A. K., Mikhaylova L. V., Mamlieva D. R. Features of risk management of an innovative investment project. Business. Education. Law, 2021, no. 3, pp. 72—76. DOI: 10.25683/VOLBI.2021.56.310.