Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)

Abstract

Formation of Risk Mitigating Strategies for the Implementation of Projects of Energy Saving Technologies

Author(s): Tetiana Hilorme, Oksana Zamazii, Olena Judina, Rita Korolenko, Yulia Melnikova

The risks of implementation of projects of energy saving technologies are grouped (technical, financial, procedural) and appropriate mitigating strategies for the purpose of improving of socioeconomic efficiency are proposed. A model for overall risk estimating of energy saving projects was proposed based on the model of audit risk by R. Dodge. The proposed author's model for assessing investment risks allows optimizing the allocation of investment project resources by forming the optimal ratio of investment characteristics taking into account the impact of risk management measures and instruments. This allows us to identify reserves of financial resources of the project, provides a determination of the necessary and sufficient funds for the implementation of risk management measures and increases the reasonableness of the decisions made. The article has developed an investment strategy based on the recommendations of an investment energy audit. 

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