Analysis of risk factors for applied projects in a digital economy

Alexey Petrovich Taburchak (), Svetlana Mikhailovna Bychkova () and Alina Alexandrovna Butina ()
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Alexey Petrovich Taburchak: St. Petersburg State Technological Institute, Russian Federation
Svetlana Mikhailovna Bychkova: Saint Petersburg State Agrarian University, Russian Federation
Alina Alexandrovna Butina: St. Petersburg State Technological Institute, Russian Federation

Entrepreneurship and Sustainability Issues, 2022, vol. 9, issue 3, 152-172

Abstract: The article substantiates the relevance of the processes of digitalization and informatization of the economy. The concept of applied projects and initiative of applied projects is considered. The relevance of the application of applied projects in the context of modern digitalization of the economy has been proved. The features of the functioning of applied projects are highlighted. Three categories of applied projects are considered, depending on the cost structure. Particular attention is paid to the risk factors that must be taken into account for full-fledged uninterrupted work on the creation and execution of applied projects. A set of universal risks was compiled for all three categories of projects. The need for an analysis of risk factors has been determined. Risk assessment models are proposed for applied projects requiring investment of capital costs both within and above the budget established by the organization, and operational applied projects. Practical testing of the proposed models is presented on the example of the “Smart City” applied project of PJSC “Rostelecom”. The conclusions prove the feasibility of assessing risk factors in relation to a specific applied project. It has been established that without a systematic and regular analysis of the organization's activities for the execution of applied projects, as well as without identifying and promptly identifying risks to the organization's work at all stages of the life cycle of an applied project, it is impossible to implement applied projects as a whole.

Keywords: digital economy; applied projects; risks of implementing applied projects; applied projects requiring capital expenditures; applied projects requiring incurring operating costs (search for similar items in EconPapers)
JEL-codes: G32 O22 O31 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:9:y:2022:i:3:p:152-172

DOI: 10.9770/jesi.2022.9.3(10)

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