Risk management system references in construction


  • Volodymyr Tkachenko Kyiv National University of Construction and Architecture, Ukraine
  • Maryna Klymchuk Kyiv National University of Construction and Architecture, Ukraine
  • Iryna Tkachenko Academy of the State Penitentiary Service https://orcid.org/0000-0001-9068-1054
  • Tetiana Ilina Kyiv National University of Construction and Architecture, Ukraine




construction, risk management, dissipation, localization, risk aversion


The article examines the basic methods of risk management in construction: risk aversion, localization, dissipation,compensation. The methods are adapted to the specificity of construction companies, taking into account the main directions of their development. For the purpose of effective risk management, formalized functional structuring of risk management in construction is proposed, which will enable the implementation of management functions at two levels – executive and coordinating, with the help of a special structural component in the enterprise management system or a specialized unit in the organizational structure. 


Download data is not yet available.


Chernyshev, D., Ivakhnenko, I., Klymchuk, M. (2018). The organization of biosphere compatibility construction: justification of the predictors of building development and the implementation prospects. International Journal of Engineering & Technology, 7 (3.2), 584-586.

Gerasimova, M.V., Avdeyeva, L.A. (2015). Methodological Approach to Estimating the Total Risk of a Construction Enterprise, Internet Magazine Science, 7(3), 134-142.

Huddleston, J. R. (1986). Distribution of development costs under tax increment financing. Journal of the American Planning Association, 52(2), 194-198.

Meroño-Cerdán, A.L., López-Nicolás & Molina-Castillo, F.J. (2018) Risk aversion, innovation and performance in family firms. Econ. Innov. New Technol., 27, 189–203.

Visser, J.K.& Malan, H.T. (2019) Identification of risk associated with process automation systems. Int. J. Econ. Manag. Eng., 13, 1044–1051.

Kloman H. Felix (2000). Integrated risk assesment. Currnet views of risk management. GARP Aricles, http:// www. garp.com

Klymchuk, M. & Shegda М. (2016). Conceptual principles of the socially responsibile enterprise marketing man- agement. Economics and education, N1, 58 – 61.

Mishra, A.K., Kumar, A., Joshi, P.K.& D’souza, A. (2018) Production risk, risk preference and contract farming: Im- pact on food security in India. Appl. Econ. Perspect. Policy, 40, 353–378.

Palepu, K.G., Healy, P.M., Bernard, V.L. (2003). Business Analysis and Valuation Using Financial Statements. Text and Cases. South-Western College Pub, 2 edition.

Ratushniak, O.G. (2010). Management of ecological and economic risks of innovative energy-saving projects in construction. Project management and production development, 3(35), 90-94.

Tkachenko, V., Klymchuk, M., Ivakhnenko, I., Ploska H. (2018). Compensatory financing of energy saving projects in construction: modification of TIF. Research Papers in Economics and Finance, 3(1), 47-51.




How to Cite

Tkachenko, V., Klymchuk, M., Tkachenko, I., & Ilina, T. (2020). Risk management system references in construction. Research Papers in Economics and Finance, 4(1), 21–29. https://doi.org/10.18559/ref.2020.1.2