Production risk management as the basis for the sustainable development of a company

Abstract

Purpose: the article considers the possibilities of production risk at various stages of the production process. Discussion: Most often, the optimal management decision-making is based on the assessment and analysis of risk and its management. Various types of risks arise when developing and implementing a sustainable development strategy. Minimizing their negative consequences is a priority for managers at various levels. As part of the risk analysis, an independent direction of risk communication is formed. Production risk is considered by managers from the position of the presence of a potential danger and at the same time from the position of the presence of an alternative that helps to implement a set of efforts to minimize the negative impact of risk. All types of risk can be summarized as a probability or potentiality that can be quantified and evaluated qualitatively. Results: Based on the general objectives of production risk management, the implementation of all types of activities under the control of analytical specialists allows us to justify the possibility of implementing measures aimed at controlling the level of risk in order to reduce its negative impact on the production process. It is shown that the production risk formed on the basis of the combined influence of external and internal factors affects all stages of the production process and should be under the constant control of the company's management in order to provide operational management.