Adaptive control of an investment project risks based on the prediction approach
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Date
2013-08
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Technická Univerzita v Liberci
Technical university of Liberec, Czech Republic
Technical university of Liberec, Czech Republic
Abstract
The paper analyzes functioning of an enterprise risk control system in conditions of high uncertainty and influence of the external environment. A mechanism for forming knowledge on risks and cause-and-effect relations for a current moment of realization of an investment project is demonstrated. A prediction approach to project risk evaluation including a process of the current (continued) identification is introduced. A database structure presenting a data array in a table (matrix) format is developed. The structure is thoroughly described; on its basis the process of systematizing and actualizing the data, renewed formulation of project risks containing information on preceding and current statuses and forecasts are described.
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Subject(s)
external environment, investment project, uncertainty, prediction approach, risk control system, current (continued) identification
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ISBN
978-80-7372-953-0