Methods of improving risk management efficiency in manufacturing enterprises

Figure 3. Systematized stages of risk management in a production enterprise.
These systematized stages are achieved by implementing the management process in a systematic sequence of the risk affecting the production enterprise, based on the identification of the impact on the organizational and economic methods of management. In our opinion, the process of risk management can be expressed as a set of standard management functions, because we concluded that risk management is a relatively separate management process, and therefore a traditional approach to the distribution of functions was applied to it. Risk management functions include:
- planning, this is a set of actions aimed at setting goals and objectives, developing ways to achieve them. This process includes anticipating potential risk factors and determining the acceptable level of risk;
- organization - creating a risk management system, defining functions and establishing relations between management units;
- coordination - targeted impact, which implies achieving compliance in all parts of the risk management system;
- control, including monitoring of information accounting and analysis, comparison of the actual state of the object of control with the expected state, identification and assessment of discrepancies;
- regulation, that is, the effect aimed at eliminating significant differences between the actual and expected conditions, achieving stability of the object when it deviates from the specified parameters. The adjustment process implies a change in the level of risk when it deviates from the expected value;
- encouragement is manifested in encouraging the enterprise team to take measures to ensure the improvement of the efficiency of the entire management system. In this context, the timing of finding the optimal balance between responsibility and risk taking is crucial.


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