Risks as a category of evaluation of innovative development: construction

Korol' Svetlana Pavlovna

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Authors: Korol' Svetlana Pavlovna
Doctor of Economics, Associate Professor, Department of Technology, organization, economy, and property management
Russia, Kuban State University of Technology
spkorol@yandex.ru
Abstract: Construction sector of the economy is an open system, which operates under conditions of uncertainty and risks caused by environmental factors and direct the activities of the elements of this system. The development of the construction industry at all levels of regulated strategic, medium-term and operational plans of socio-economic development and annual plans of production, including innovation and development. Planned activities can initiate innovative appearance of the risks not only directly in their implementation, but also in the elements of the system, providing various combinations of risk situations. Determination of the existing combination of uncertainties and risks is performed in order to assess their effect on the innovation activities and economic efficiency.
Keywords: innovation activity, the construction industry, construction risks, a systematic approach, risk identification, risk assessment, risk management.

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Suggested citation: Korol' Svetlana Pavlovna
Risks as a category of evaluation of innovative development: construction// Modern Management Technology. ISSN 2226-9339. – #2 (62). Art. # 6204. Date issued: 2016-02-12 . Available at: https://sovman.ru/en/article/6204/

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