Development of Risk Assessment Tools for Enterprises

Abstract

Th e purpose of this article is to develop tools for assessing the risks of enterprises, used both to assess the current activities of enterprises and during the implementation of investment proj-ects. It is supposed to be used both as the main risk assessment tool, for example, for small and medium-sized enterprises, and as an additional tool, mainly for large enterprises, for making a preliminary decision on the feasibility of the project. Th e developed tools include a comprehen-sive risk assessment system, which provides a fundamental basis for calculations, and a soft ware product that signifi cantly optimizes the calculations of a complex integral risk indicator. Th e risk assessment system represents individual risks, grouped by 51 risk groups. Making calculations using the developed risk assessment tools involves assigning to each risk the characteristics of assessing the level of infl uence by selecting the characteristic most appropriate to the current level of risk. A standard version of indicators is proposed for each risk and characteristics cor-responding to "high", "elevated", "medium", "moderate" and "low" risk levels. Based on the results of the analysis, a complex integral risk indicator is formed, which is a quantitative risk assessment, which allows you to classify an enterprise into one of three groups: "eff ective enterprise / project", "enterprise / project requiring improvements", "ineffi cient enterprise". To optimize the calcula-tions, the authors have developed a soft ware product that allows for analysis with a signifi cant reduction in the time spent on its implementation. In general, the use of the developed risk as-sessment system and tools makes it possible to signifi cantly optimize the risk assessment process and reduce the costs of analisys.