Project Risk Management in the Investment Activity of the Road Sector Cover Image

Управління проектними ризиками в інвестиційній діяльності дорожнього господарства
Project Risk Management in the Investment Activity of the Road Sector

Author(s): Viktor Koval, Inesa Mikhno, Maryna Bashinskaya
Subject(s): Economy, Business Economy / Management, Micro-Economics, Socio-Economic Research
Published by: Центральноукраїнський національний технічний університет
Keywords: risk; transport system; infrastructure; investment; road facilities;

Summary/Abstract: The infrastructure industry is highly risky compared to other activities. The influence of many external factors on the sphere of transport services makes it difficult to predict and risky in comparison with other types of economic activity.The purpose of the article is to identify risks in the transport sector, and to analyze the investment activity and problems of the modern infrastructure market as a road economy of Ukraine.The article discusses risks in the transport sector, analyzes the dynamics of risk indicators, investment attractiveness and problems of the modern infrastructure market as a road economy in Ukraine. It was revealed that the transport sector is one of the most risky due to the influence of external factors. The existence of uncertainty when planning the activities of transport companies and the unsatisfactory state of development of Ukraine's infrastructure is the reason for the decline in the country's public welfare. Existing risk can serve not only as an obstacle, but also as an incentive that encourages business structures and the state to actively form, develop and use new risk management tools, modernize existing systems, which will allow them to function more effectively in today's market conditions.It has been established that the development of infrastructure improves the development of other industries, contributes to the influx of investment in the country, increases economic potential, therefore, it is proposed to increase the relationship between enterprises and the state to solve the problem, situation. An important step towards improving the situation is the formation of a competitive services market and the increasing role of local authorities in budget allocation, attracting qualified workers and increasing transparency and control of the population and communities over all processes taking place in the field of infrastructure. One way to reduce risk in the transport sector is to modernize and control existing infrastructure and allocate financial resources through open online information systems and increase the role of local authorities and communities.

  • Issue Year: 2019
  • Issue No: 3 (36)
  • Page Range: 274-283
  • Page Count: 10
  • Language: Ukrainian