Managing the Economic Risks of Digital Transformation of Organizations

Digital transformation of an organization is associated with significant uncertainty, which is especially high in the economic dimension. Identifying potential threats and developing the necessary measures to prevent the negative impact of external and internal environmental factors are becoming key tasks of risk management. The article reflects the importance of preventive risk management, which is based on a comprehensive proactive approach. A set of measures to prevent risks in the framework of strategic management, project management, and cost management is presented. The study showed that digital initiatives often go beyond the typical ways of making investment decisions in an organization. The aspects of forming investment baskets depending on the differentiation of digital projects by type and scale are determined. A long-term approach to investing in new technologies based on a portfolio approach is substantiated. The relationship between investment goals and digital technologies is revealed. The content of alternative methods for measuring efficiency in assessing digital projects is disclosed, the advantages and limitations of their use are determined. It has been established that these methods to a greater extent reflect the specifics of making investment decisions in the context of the cha­ racteristic features of digital transformation. A conceptual model for managing economic risks of digital transformation of an organization is proposed, caused by the mutual influence of strategic, project and financial processes.