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The article presents the essential characteristics of innovative projects and classifies them by grade of novelty and types of innovative products to be created. The classification features allow us to identify the categories of tangible innovative products and innovative technologies. The article contains the main challenges in evaluating, forecasting and managing innovative projects in the risk environment. An innovative project is considered as a complex of possible implementations, i.e. as a random function. The investors’ goal is to determine the most likely outcome of project implementation for making further decisions

Development of mechanisms for innovative projects management based on their identification and results forecast in the risk environment