Proactive mechanisms for response to risks of business entities engaged in investment and construction activities

Abstract

Basing on the extensive analysis of both native and foreign scientific publications, the authors have concluded that the problem of classifying risks and factors of their occurrence, and the risk assessment, as well, is well-publicized. In some works, strategies are proposed to mitigate consequences of the onset of risks by creating reserves. However, all of them are mechanisms of the management response during implementation of an investment and construction project, i.e., the reactive position. The article proposes to move from a reactive to a proactive position, which essence is to implement the goal set by the investor, regardless of the conditions, circumstances, and the likelihood of the manifestation of internal or external negative impacts. This problem is solved by the Business Impact Analysis (BIA) method, which logic is only in assessing the fact of breaching contracts by the subjects, but not the frequency of occurrence of events causing risks. The method used does not consider or observe the content of various events, their cause-and-effect relationships, but the only fact of nonfulfillment of the contract terms in relation to duration or estimated cost by a business entity implementing investment and construction projects.

The labor market in Russia and its regions

“…The research methodology is based on the results of many years of work on the employment of graduate students of Tuva State University, observation and comparison of the needs of republican employers during meetings related to the employment of university graduates, analysis of statistical materials of the Ministry of Labor of Russia, the All-Russian Research Institute of Labor of the Ministry of Labor of Russia, the All-Russian database of vacancies and the resume "Employment in Russia", the Ministry of Labor and Social Policy of the Republic of Tyva and the works of Russian and foreign scientists and experts who study the problems of the labor market [13][14][15][16]. Analysis of the modern architecture of the labor market in the context of the introduction of several packages of sanctions, economic uncertainty and instability, the risk of mass layoffs due to the departure of international companies from the Russian market, the number of jobs is reduced and unemployment is growing, so some professions become obsolete, others become very popular, but about almost no one knows the others [17][18][19][20][21]. In this regard, the most relevant problems are: for young people -what job to choose, and for people who already have a profession, -where to retrain.…”

Organization of a Unified State Housing and Demographic Policy as a Condition for Sustainable Development of Cities and Settlements

“…In the study of the scientific school "Methodological problems of the effectiveness of regional investment and construction complexes as a self-organizing and selfgoverning system", the problems of investment and construction activities [2][3][4] are central, especially the theme of sustainable development [5][6][7][8] of business entities in the investment and construction sphere. Social and spatial aspects, the quality of the urban environment are highlighted in the papers [9][10][11][12], a significant place in the implementation of the concept of improving the quality of life of the population, as well as the variety of problems of housing policy to be solved, is given in the papers [13][14][15].…”

Interdependency Between Demographics and the Construction of Housing as a Pivotal Factor of Society’s Sustainable Growth

“…Institutional design of land use [17][18][19][20] and unification of organizational frameworks [21][22][23][24] are key. Based on the analysis of the rate of new construction [25,26], we outlined three scenarios to keep in mind if you're concerned about the future of construction, demographics and quality-of-life in Russia [27]. The degree of interdependency of the aforementioned is specifically defined in this article [28][29].…”