Risk management in projects: tools and strategies for minimizing losses

The article examines modern risk management tools and strategies in project activities aimed at minimizing losses and improving the efficiency of project implementation. Based on the analysis of international research – the development of AI tools for predictive risk management, Active Risk Management methodology and empirical data on the lack of real risk visibility - traditional and innovative approaches to identifying, assessing and responding to project risks are considered. Special attention is paid to the integration of artificial intelligence technologies into risk management processes, including automated risk identification based on project characteristics and the generation of context-sensitive mitigation strategies. Based on empirical data, two tables are presented that characterize the state of risk management practices and the key components of active risk management. It is concluded that there is a need to move from reactive fragmented risk management to an integrated proactive model based on a unified data architecture and predictive analytics.

Authors

Institutions

Publication Details

Journal
Journal of Monetary Economics and Management
Published
2026-06-26
DOI
https://doi.org/10.26118/2782-4586-2026-550-557
Primary Topic
Construction Project Management and Performance
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Risk management in projects: tools and strategies for minimizing losses

Zarema Khambulatova, Magomedzagid Magomedov, Elina Sultanova
Journal of Monetary Economics and Management
Construction Project Management and Performance
article

Risk management in projects: tools and strategies for minimizing losses

Zarema Khambulatova, Magomedzagid Magomedov, Elina Sultanova
article en

Abstract

The article examines modern risk management tools and strategies in project activities aimed at minimizing losses and improving the efficiency of project implementation. Based on the analysis of international research – the development of AI tools for predictive risk management, Active Risk Management methodology and empirical data on the lack of real risk visibility - traditional and innovative approaches to identifying, assessing and responding to project risks are considered. Special attention is paid to the integration of artificial intelligence technologies into risk management processes, including automated risk identification based on project characteristics and the generation of context-sensitive mitigation strategies. Based on empirical data, two tables are presented that characterize the state of risk management practices and the key components of active risk management. It is concluded that there is a need to move from reactive fragmented risk management to an integrated proactive model based on a unified data architecture and predictive analytics.

Journal of Monetary Economics and Management
Chechen State University (RU), Dagestan State University (RU)
Partnerships for the goals
Openalex Percentile: Top 4%
Construction Project Management and Performance
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.