THE DEVELOPMENT OF THE RISK MANAGEMENT MECHANISM FOR INNOVATION PROJECT

Anatoliy Shakhov, Varvara Piterska

Abstract


It is established that the high probability of emergence of risk situations in the innovation project, requires the implementation of risk management measures. It is noted that there is currently no mechanism for distributing of financial risks between the customer and the executor of the innovation project, that is largely negatively reflected in the desire to invest own funds in innovation. The methodological bases of risk management of innovative activity of the project-oriented organization are offered in the article. With the proposed approach, it is possible to estimate in advance how much the proposed risk management measures can reduce the risk of an innovation project and how this activity will affect on the project's effectiveness in deciding whether to continue or stop the innovation project research. On the basis of the existing characteristics of the risk measures of the innovation project, it can be concluded that the best indicator of the effectiveness of a certain stage of the innovation project by the results of simulation is net present value of the project. It is better to use the probability of receiving an ineffective result of an innovation project at an appropriate stage for assessing of the risk of the innovation project and the decision to continue or stop the innovation project at a certain stage.


Keywords


project management; innovation project; risk management; innovative activity; project-oriented organization

Full Text:

PDF

References


Zakon Ukrayiny No. 848-VIII. «Pro naukovu i naukovo-tehnichnu diyal'nist'» (2015). Verhovna Rada Ukrainy. Available at: http://zakon3.rada.gov.ua/laws/show/848-19

Bushuev, S. D. et. al. (2011). Sozdanie i razvitie konkurentosposobnyih proektno-orientirovannyih naukoemkih predpriyatiy. Nikolaev: Torubary E.S., 260.

Chernov, S. K. (2007). Effektivnyie organizatsionnyie strukturyi v upravlenii programmami razvitiya naukoemkih predpriyatiy. Mykolaiv, 473.

Tanaka, Kh. (2010). An emerging wave to expand the national industrial competitiveness. Proceedings of Scientific PPМ Conference – PM Kiev 2010, 25–52.

Vanyushkin, A. S. (2013). Kompozitsionno-modulnyiy podhod formirovaniya modeley upravleniya portfelyami proektov. Simferopol, 217.

Babaev, I. A., Bushueva, N. S. (2006). Determine the success of the project on the basis of genetic analysis. Proceedings of the National Academy of Sciences of Azerbaijan. Series of Physical-Mathematical and Technical Sciences. Informatics and control problems. Baku: Publishing house "Science», 2, 132–136.

Voropaev, V. I. (2005). Systematic approach to the management of projects and programs. PM. Moscow: Publ. House Greb., 3, 20–29.

Thakurta, R., Banerjee, K. (2014). Observations on Indian Scientific Innovation Output. The Innovation Journal: The Public Sector Innovation Journal, 19 (2), 27–35. Available at: https://www.questia.com/library/journal/1P3-3514180191

Pіterska, V. M. (2016). Using of the project-oriented approach in the innovative activity management. Bulletin of NTU "KhPI". Series: Strategic Management, Portfolio, Program and Project Management, 5 (1 (1173)), 35–42. doi: 10.20998/2413-3000.2016.1173.7

Shakhov, A. V., Bokareva, M. O., Shamov, A. V. (2015). Energeticheskiye modeli upravleniya proyektnimi organizatsiyami. LAMBERT Acad. Publ., 192.

Shakhov, A. V., Pіterska, V. M. (2017). The risks’ assessment in innovative projects by the method of verified equivalents. Bulletin of NTU" KhPI". Series: Strategic Management, 7 (2 (1224)), 35–40. doi: 10.20998/2413-3000.2017.1224.6

ISO 31000:2010. Risk management, guidelines (2012). Moscow: Standartinform, 28. Available at: http://gostpdf.ru/cont/files/31000-2010/gost-31000-2010.3895.pdf

Reshetilo, V. P. (2009). Sinergiya stanovleniya i razvitiya regional'nykh ekonomicheskikh sistem. Kharkiv: KHNAGKH, 218. Available at: http://eprints.kname.edu.ua/16458/1/Монография_Реш-печ.pdf

Valdaytsev, S. V., Zheleznov, A. S. (2014). Upravleniye innovatsiyami i intellektual'noy sobstvennost'yu firmy. Moscow: Prospekt, 345. Available at: https://books.google.com.ua/books?id=Gbb8AwAAQBAJ&pg




DOI: http://dx.doi.org/10.21303/2461-4262.2018.00640

Refbacks

  • There are currently no refbacks.




Copyright (c) 2018 Anatoliy Shakhov, Varvara Piterska

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

ISSN 2461-4262 (Online), ISSN 2461-4254 (Print)