Risk Analysis in the Implementation of Application Projects in the Digital Economy
https://doi.org/10.26794/2408-9303-2018-5-6-50-60
Abstract
The content of the concept and features of applied projects in the framework of the development of the Information Economy is considered. The tasks of applied projects are defned. The main categories of applied projects are identifed according to the method of their fnancing when they are introduced into the Information Society. The main tasks that are solved by organizations during the implementation of applied projects are considered. The main risks of application of the applied projects are systematized depending on their type. The essence of each risk and threat for the company is described for all categories of the applied projects. Three groups of risk scenarios have been identifed. The factors on the basis of which the decision is made to unconditionally abandon the implementation of the applied projects are established. A multi-criteria model of primary risk assessment and the possibility of its occurrence in the implementation of the applied projects has been developed. Examples of evaluating the prospects of implementation for each category of the applied projects are proposed. In the framework of the above-mentioned risks of project implementation, a number of factors (risk assessment values) are identifed, on the basis of which an unambiguous decision is made about the inexpediency of further assessment and implementation of proposed applied projects in the company (STOP factors). The list of STOP factors is established for each project individually in view of the features of each applied project. However, a number of universal STOP factors can be identifed (low% EBT on a project and a high risk of receivables that cannot be repaid or overdue, which may adversely affect the cash flow of the applied project under consideration). As part of the implementation of the applied projects, various categories of applied projects have been allocated, depending on the costs that the company is undergoing. Each category of the applied projects has specifc risks that, to a greater or lesser extent, limit the company’s ability to implement projects. The values of risks that can clearly signal at the evaluation stage of applied projects about the inexpediency of considering the possibility of implementing the applied projects in their current form without any changes have been determined.
About the Authors
S. M. BychkovaRussian Federation
Svetlana M. Bychkova — Professor at the Department of Accounting and audit
St.-Petersburg
A. A. Butina
Russian Federation
Alina A. Butina — Senior Lecturer at the Department of Management and marketing
St.-Petersburg
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Review
For citations:
Bychkova S.M., Butina A.A. Risk Analysis in the Implementation of Application Projects in the Digital Economy. Accounting. Analysis. Auditing. 2018;5(6):50-60. (In Russ.) https://doi.org/10.26794/2408-9303-2018-5-6-50-60