Approaches to the assessment the innovation-and-investment projects within the system of “Smart City” criteria

Abstract

The article clarifies the understanding of modern approaches to risk management in construction organizations. The authors have formed a classification of the sources of risks in construction and the reasons causing the uncertainty of the conditions of operation of construction companies. The researchers identified factors that require control in the construction industry. The authors offer, that “smart city” assumes six criteria, including smart economy, smart mobility, smart environment, smart people, smart living, smart governance. The consideration of the tendency to innovations and the assessment of innovation-and-investment risks within the concept “Smart city” was carried out for the Russian practice for the first time. The risk assessment is offered to be carried out with the use of the modern approach. The proposed approach to improve risk management, according to which all the basic processes of risk management should be carried out at each stage of the life cycle of a construction object. The authors propose to use certain methods of qualitative and quantitative risk assessment, enshrined in the risk management standard, at the appropriate stages of the life cycle of a construction object in terms of their advantages. This will increase the effectiveness of risk management and minimize the impact of risk factors identified by researchers on the performance of construction organizations. Research of risk management systems allowed us to determine the priorities and problems of construction companies in the field of risk management and increase its efficiency.