Open AccessAnalysis of approaches and principles to the formation of key risk indicators in construction
Author(s) -
Yulia A. Skorobogatova,
Aleksandr S. Bovkun,
Т. А. Лебедева,
O. V. Arkhipkin
Publication year - 2021
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/751/1/012177
Subject(s) - key (lock) , risk analysis (engineering) , process management , business , performance indicator , risk management , computer science , computer security , marketing , finance
Coronavirus COVID-19, exchange rate dynamics and other macroeconomic factors make the risk of implementing projects in the construction sector quite high and require effective management. This article analyzes the concept of key risk indicators in the construction industry. Key risk indicators help identify threats. Thanks to this, measures to eliminate them are taken in advance. It was found that the choice of key indicators depends not only on risks, but also on the strategies and objectives of companies. Correspondence of key indicators to key strategies helps the leader to obtain the necessary information to more effectively achieve goals.