PRoDuCtIoN RISK MANAGeMeNt IN the fouNDRy Purpose. Improving the efficiency of production risk management of a machinebuilding enterprise unit by: 1) improving the methodology of analysis of existing risks; 2) developing a costoptimization program for risk management. Methodology. The study used general scientific and specific research methods: analysis, generalization of scientific experience; risk and hazard assessment was carried out using the method of structured assessment; in solving the problem of cost optimization, the model of "knapsack problem" was used. findings. Since production risk management is related to the material costs of the enterprise for occupational safety measures, improving the effectiveness of risk management involves consistently using qualitative and quantitative assessments. The method ology was improved, the dangerous factors were identified and analyzed; the task of optimizing costs in risk management was set and solved. originality. The risk management approach is to use an advanced approach to evaluate and use the optimization model. Meth odological approaches to risk assessment have been further developed which include the calculation of not only the probability of occurrence. For the first time, to optimize the costs for occupational safety measures in the machinebuilding enterprise unit, the "knapsack problem" was used, which allows reducing the amount of risk to an acceptable level. Practical value. The results of the study are embodied in a specific methodology, the use of which allows the optimal way to manage risks in the enterprise unit.