PROJECT RISK MANAGEMENT IN THE IT COMPANY'S RISK ADMINISTRATION SYSTEM: THEORETICAL ASPECTS
Abstract
The article summarizes and systematizes existing approaches to defining the content of the concept of “risk management”. The author's interpretation of the terms “risk”, “project risk”, “project risk management” from the perspective of the transformation of the management paradigm and increasing the level of economic security of business entities in the field of the IT industry is provided. It is proposed to consider risk management from such points of view as the modern paradigm of anti-crisis management of an IT company; an important factor in increasing the level of economic security of economic entities in the IT sphere; a comprehensive approach to the formation of a project risk management system, taking into account the consequences of crisis phenomena and armed conflicts. Strategic directions for improving the management of project risks of IT companies using a risk-oriented approach in the conditions of modern crisis situations have been determined: improvement of approaches to the identification of project risks, which consists in determining the factors and sources of risks, risk events, effects and consequences of the occurrence of risk situations; elimination of risks (refusal to implement certain projects and startups associated with a high level of risks); diversification of risks and access to foreign markets of IT services; redistribution of project risks; reserving funds to cover unforeseen costs; the need to find ways to conclude new contracts, strengthen sales teams. It has been proven that to improve the organization of project activities of IT companies, taking into account the impact of possible risks, it is advisable to use a comprehensive approach based on a combination of system, process and functional approaches. The main purpose of the integrated approach is to optimize the risk management system through the implementation of principles (integrity, hierarchical construction, structuring, multiplicity, integration), methods, tools and the entire list of management functions (forecasting, planning, organization, motivation, accounting, control, analysis and regulation) by a set of consistently implemented processes of project activity of business entities in the IT sphere.
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