Abstract
The purpose of the study is to assess the risks of innovative projects. Methodology. We employed an expert method for assessment of innovative project risks. The experts determined 24 types of risks and classified them into five groups: technical and technological risks, market risks, risks related to funding and arrangement of financial activities, HR risks, and institutional risks. Each risk was assessed according to a six-point scale: 0 points – no risk; 1 point – minimal probability/severity; 2 points – low probability/severity; 3 points – average probability/severity; 4 points – high probability/severity; 5 points – critical probability/severity. For the assessment of different expert opinions, we calculated a coefficient of variation, which allows judging the level of average values’ importance. Results. The experts mainly assess the probability and severity of risks arising during the development and fulfillment of innovative projects as average. HR and market risks have the highest values. Only one risk (the lack of demand for products) is assessed by experts as high in terms of severity and average in terms of probability. The following risks are recognized the least severe: equipment downtime; manufacturing inconsistencies; environmental risks; legal and accounting risks; theft of invention, industrial espionage; interference of outside organizations in the implementation of innovative projects. The experts have different opinions on the severity and probability of risks.
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