The essence of integrated management of project and operational risks in the organization

Abstract

In the conditions of the formation of market relations and increased competition, the activity of any organization requires the development and implementation of effective and efficient management tools. Such a tool in the conditions of the modern world is the project management methodology, which includes, among other things, tools that allow managing the organization's environment. Variability of external and internal environments can lead to uncertainty and risks. This work determined that domestic and foreign scientists pay a lot of attention to issues of risk-oriented project management in organizations. The approaches proposed by them are successfully implemented, but have their own characteristics that cannot be universal for other areas. In addition, the works of scientists in the field of business process reengineering, which are based on the introduction of a risk-oriented approach, as well as integrated anti-risk project management, were considered. The specified research results can become the basis for the development of an integrated approach to the management of operational and project risks of the organization. In this study, the authors identified operational and project risks, determined their sets, and built a mathematical representation of the organization's operational activities. In addition, the impact of operational risks on the project was determined, and a preliminary analysis of project risks was also carried out. Based on this, the application of the project management methodology shows its expediency and effectiveness from the point of view of risk management of both operational and project activities. The authors analyzed modern approaches to risk management in various spheres of human activity, as well as approaches to integrated management of operational and project risks, with the aim of their further application or improvement. Which, in turn, can become the basis for the development of models and methods of integrated management of operational and project risks of the organization.