Multi-Criteriality as a Factor of Project Risk

Abstract

The article considers the project risk as a potential danger regarding the achievement of the project’s objectives in the objective impossibility of operating full and reliable information about the status of the environment. The methodical bases of planning of the project-oriented development of enterprise are elaborated taking into view various conditions. The procedure includes the following successive stages: determining the vision and objectives of the enterprise development; analyzing the business processes and determining the directions and risks of development; evaluating the potential and conditions of development to ensure further changes; forming the set of alternative business-projects of the enterprise development; forming the optimal program as to the risk level. It is defined that development of industrial enterprise envisages implementation of project actions for active change of business environment. The instrument of such actions is the development program, which includes groups of projects. The economic-mathematical model of formation of an optimum program of development of enterprise in accordance with the chosen goal and vision of development is elaborated.

Keywords

• risk
• multi-criteriality
• factor
• enterprise
• project-oriented development
• alternative project solutions