Project Risk Management: modern trends and effective practices


  • Olga Fedyk Ph.D. of Economics Department of Management by the name of professor E. V. Chraplyvyj of Lviv’s National Environmental University, Ukraine
  • Serhiy Fedyk Ph.D. of Law, Docent Department of Economy and Public Management of Lviv’s National University after I. Franko, Ukraine



projects, risks, management, methods, mechanism


The article is devoted to the management of project risks, with the aim of their timely detection and identification, which in turn will ensure the successful implementation of the project and its completion. Special attention is paid to the stages of project risk management and analysis of methods aimed at minimizing and avoiding project risks.

The most modern and well-known methods include such methods as: risk avoidance; insurance; self-insurance; risk financing; diversification; risk taking; risk limitation; risk distribution and risk prevention, the complex application of which will ensure the successful implementation of the project and protect the project from the influence of destabilizing external and internal factors.


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