Building a Dynamic System of Advanced Risk Management and Risk Assessment of the Company

TL;DR

This paper develops a dynamic, quantitative risk management system for industrial companies, integrating qualitative and quantitative assessments to improve risk forecasting and mitigation strategies.

Contribution

It introduces a systematic approach to classifying industrial risks and proposes a dynamic risk management framework incorporating both qualitative and quantitative methods.

Findings

Enhanced risk classification system considering risk impact dynamics

Proposed methodology for building a dynamic risk management system

Emphasized importance of combining qualitative and quantitative risk assessments

Abstract

The purpose of the research presented in this article is to develop a dynamic system for forecasting and minimizing the risks of an industrial company based on their quantitative assessment. The article considers the conceptual apparatus of the essential content of risk management of an industrial enterprise, reviews the theoretical aspects of risk management systems and the most significant risk management methods from a practical point of view. The methodological apparatus of qualitative and quantitative analysis and risk assessment has been expanded on the basis of some conditionality of risk classification features identified and a systematic approach to the classification of risks of an industrial enterprise has been proposed, taking into account the dynamics of their impact on the object, the stages of building a dynamic risk management system are given. The article substantiates the need to supplement the dynamic risk management system of industrial enterprises with methods of qualitative and quantitative risk assessment in order to form effective risk management strategies