Algorithm of innovation project risk management

A. A. Gorovoy, I. V. Grigoriev
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Abstract

Aim. To develop a risk management algorithm that can be used in risk management of innovations.Objectives. On the basis of the current international standards of risk management and scientific publications to study the existing practice of risk management, highlighting the main elements of the risk management process into a single generalized risk management algorithm; based on the results of the first task, as well as taking into account the identified features of the process of innovation implementation, to develop an algorithm for risk management of innovation projects.Methods. The work is based on the study of scientific publications in the field of risk management and analysis of international standards on risk management in order to adapt them to the peculiarities of innovation management.Results. The problem of risk management of innovation projects is one of the most difficult in project management because of the significant degree of uncertainty inherent in innovation. The article reflects the problem of investors’ acceptance of increased risk during the realization of an innovation project. The peculiarity of risk management of innovations is the need to accept increased risk, and in return the opportunity to present a new product or technology to the market. Taking into account the considered peculiarities, an algorithmic approach to risk management of innovation projects is given. The practical significance of the study lies in the possibility of applying the developed algorithm of innovation project risk management by economic entities, which will improve the quality of corporate risk management and increase the efficiency of resource utilization. The authors point out the necessity of selecting a project with positive NPV (discounted cash flow, DCF) and accepting the increased risk of the innovation project in the process of innovation management.Conclusions. The authors have created a comprehensive methodological approach to innovation project risk management in the form of a sequence of actions algorithm. The purpose of its application is to increase the efficiency of risk management and to achieve a successful result of innovation implementation.
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创新项目风险管理算法
目的开发一种可用于创新风险管理的风险管理算法。在现行风险管理国际标准和科学出版物的基础上,研究现有的风险管理实践,突出风险管理过程的主要内容,将其纳入单一的通用风险管理算法中;根据第一项任务的结果,并考虑到已确定的创新实施过程的特点,开发创新项目风险管理算法。这项工作基于对风险管理领域科学出版物的研究,以及对风险管理国际标准的分析,以便使其适应创新管理的特殊性。创新项目的风险管理问题是项目管理中最困难的问题之一,因为创新本身具有很大程度的不确定性。文章反映了投资者在实现创新项目过程中对增加风险的接受程度问题。创新风险管理的特殊性在于需要接受更高的风险,以换取向市场推出新产品或新技术的机会。考虑到上述特殊性,我们给出了创新项目风险管理的算法方法。这项研究的实际意义在于,经济实体可以应用所开发的创新项目风险管理算法,这将提高企业风险管理的质量,并提高资源利用效率。作者指出,在创新管理过程中,有必要选择净现值为正(贴现现金流,DCF)的项目,并接受创新项目增加的风险。作者以行动序列算法的形式创建了创新项目风险管理的综合方法论。应用该方法的目的是提高风险管理的效率,并取得创新实施的成功结果。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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