Articles | Open Access | DOI: https://doi.org/10.55640/eijmrms-03-06-06

WAYS TO IMPROVE RISK MANAGEMENT IN PROJECTS

B.R. Bahronov , Senior Teacher Of The Department Informatics And Management, National Institute Of Fine Art And Design Named After K. Behzod, Uzbekistan Tashkent

Abstract

Project risks are a logical continuation of operational risks, since most of the company's projects are carried out on the basis of an already existing business model. Companies evaluate the riskiness of a particular project, if only to understand how its implementation will affect the overall risk of the business. The company's activities are associated with a wide range of risks of industrial, financial, legal, social and political nature. The presence and possibility of realization of these risks should not affect the achievement of the company's strategic goals. Nowadays, it is necessary to be very careful in assessing the risks in the project and in time to identify the main risks occurring in the company.

Each company needs to carry out systematic measures aimed both at preventing the onset of risky events and at their rapid response in order to reduce the negative and enhance the positive consequences of their occurrence. It is necessary to create such an environment in the company in which we protect the company's strategy from the negative impact of risks. At present, the introduction of risk management systems in Russian companies is a key direction in the development of corporate governance. Risk management increases the likelihood of achieving the company's strategic goals, increases its market value and is one of the possible sources of achieving a competitive advantage. In the process of studying the risks of a commercial organization, much attention should be paid to taking into account the specifics of its activities.

Keywords

Project risks, Risk manager, risk management

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B.R. Bahronov. (2023). WAYS TO IMPROVE RISK MANAGEMENT IN PROJECTS. European International Journal of Multidisciplinary Research and Management Studies, 3(06), 26–29. https://doi.org/10.55640/eijmrms-03-06-06