The necessity to consider risk factors in the formation of strategic forecasting programs at the macro and micro levels

Oleg Protsenko1, Alhozur Tsakaev1
1 Российская академия народного хозяйства и государственной службы при Президенте Российской Федерации, Russia

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Journal paper

Creative Economy (РИНЦ, ВАК)
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Volume 9, Number 8 (August, 2015)

Citation:

Protsenko, O. D., & Tsakaev, A. H. (2015). The necessity to consider risk factors in the formation of strategic forecasting programs at the macro and micro levels. Creative Economy, 9(8), 1035-1042. https://doi.org/10.18334/ce.9.8.582

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=24169833
Cited: 5 by 06.02.2021

Abstract:

The article reviews the methodology for calculating the economic efficiency of risk management. It is demonstrated that a wide range of risks are interrelated and mutually determined due to the “integral” risk-contributing factors and causes that affect the occurrence of one or more risks.

The proposed method provides the opportunity to create the basis for risk management as an alternative approach to further investment feasibility studies. It also substantiates the relevance of a process approach for risk analysis, risk management planning, response to the major risks, control and assessment of the efficiency of risk management.

Keywords: strategy, risk management, risk, risk factors, strategic forecasting

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