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Analysis of risk factors for applied projects in a digital economy

Author

Listed:
  • 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)

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.

Suggested Citation

  • Alexey Petrovich Taburchak & Svetlana Mikhailovna Bychkova & Alina Alexandrovna Butina, 2022. "Analysis of risk factors for applied projects in a digital economy," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(3), pages 152-172, March.
    • Handle: RePEc:ssi:jouesi:v:9:y:2022:i:3:p:152-172
    DOI: 10.9770/jesi.2022.9.3(10)
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    References listed on IDEAS

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    1. Oana Iuliana Rujoiu, 2019. "The Digital Economy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 299-302, August.
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      More about this item

      Keywords

      digital economy; applied projects; risks of implementing applied projects; applied projects requiring capital expenditures; applied projects requiring incurring operating costs;
      All these keywords.

      JEL classification:

      • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
      • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
      • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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