Functioning of the construction company in the conditions of risk and uncertainty Cover Image

Функциониране на строителното предприятие в условията на риск и неопределеност
Functioning of the construction company in the conditions of risk and uncertainty

Author(s): Velina Yordanova
Subject(s): Economy, Business Economy / Management, Micro-Economics, Financial Markets
Published by: Икономически университет - Варна
Keywords: uncertainty; risk; construction company; methods of influencing the risk

Summary/Abstract: Every business activity is accompanied by many risks that affect the final result. This also applies to construction, where the level of risk is even higher, taking into account the peculiarities of the construction process. In the present study, the author aims to examine the risk associated with the operation of the construction company and to propose effective methods for its reduction. In this regard, are considered some key issues related to risk. The first of them is related to clarifying the state of the environment in which the construction company operates. The second issue is related to the process of risk analysis and management, highlighting some key points. The third question is related to the consideration of some of the methods known in the scientific literature for risk reduction and the derivation of their essential characteristics. Based on a systematic theoretical and empirical approach, the author achieves the following results: derives three main states of the environment in which the construction company operates and different methods for influencing the risk.

  • Issue Year: 65/2021
  • Issue No: 2
  • Page Range: 213-227
  • Page Count: 15
  • Language: Bulgarian