ANALYSIS OF THE RISK MANAGEMENT SYSTEM AT VARIOUS STAGES OF THE LIFE CYCLE OF CONSTRUCTION FACILITIES

The construction industry is one of the most dynamically changing spheres of material production in the economy of any country. It is characteristic that its growth is facilitated not only by positive changes in society, such as, for example, an increase in the welfare of the population, leading to an increase in the supply of housing and social infrastructure facilities on the market. Negative events in the global financial system, socio-political challenges, natural disasters, wars and epidemics are also a powerful impetus for the development of basic types of construction. The creation of tangible assets in the form of various structures for a wide range of purposes implies the involvement of a large number of resources, based on the requirements for projects, each of which is individual, since it depends on a huge number of external and internal conditions. The process of constructing construction facilities is a system of interrelated processes related not only to production activities themselves, but also to financial and economic, organizational and managerial, information and analytical processes. Each stage of the building's life cycle, from the development of a project idea and technical documentation to liquidation measures, is accompanied by a whole range of different kinds of risks. The specifics of the industry imply high capital intensity, which, in turn, is impossible without significant financial investments, which often have different sources of origin. An additional property that increases risk susceptibility is the long duration of the production cycle, not to mention the phase of subsequent operation, which sometimes lasts several centuries. Finally, it should be recognized that construction work coordinated by various specialists and contractors is highly dependent on exogenous factors that can seriously affect the final result. As a result, systematic work is needed on risk analysis and management in order to prevent irreparable financial losses and prevent negative socio-economic effects. The paper analyzes the main risk groups relevant in the current state of the construction industry, and, taking this into account, considers ways to identify them for the subsequent development of a set of measures to reduce negative consequences or completely neutralize undesirable uncertainties.