Methodical approach to the formation of a business risk management system for international hydropower projects based on a balanced scorecard
https://doi.org/10.32686/1812-5220-2019-16-2-88-94
Abstract
Among business structures leading international business, there is not a single business without risks. According to the author, it does not depend on the field of work or the type of activity of the enterprise. The field of hydropower is exposed to risks, perhaps, to a greater extent, because in addition to the main business risks, risks associated with the implementation of projects that depend on renewable energy sources are added. The purpose of this study is to find the main indicators of the performance of hydropower enterprises to assess the risks of their international projects. The study used an analytical method. One of the risk assessment tools is a balanced scorecard. In this article, the author reviewed the work of a similar subject of the authors, published in the journal “Problems of Risk Analysis”. Some aspects of the formation of the system as a tool for assessing the risks of business structures and businesses operating in the field of hydropower are covered. The scope of the results obtained can be a set of management decisions made by the management of hydropower enterprises, as well as in the development of a risk management methods. It is a conscious and rational attitude to risk that expands the possibilities for successful management of international hydropower projects.
About the Author
I. V. Rykunov
JSC “TYAZHMASH”
Russian Federation
Russian Federation
446010, Russia, Syzran, Gidroturbinnaya St., 13
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Review
For citations:
Rykunov I.V. Methodical approach to the formation of a business risk management system for international hydropower projects based on a balanced scorecard. Issues of Risk Analysis. 2019;16(2):88-94. (In Russ.) https://doi.org/10.32686/1812-5220-2019-16-2-88-94
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