Implementation of IT and program projects seems to be very complicated and taught process, associated with many uncertainties and risks. Sure, this does not mean the rejection of such projects, supposed the more responsibility for the decision making process of new information technologies implementation. To manage various problems which face project managers, it makes sense to use special risk management software. The functionality of modern risk management systems allows identifying risk occurrence, conducting scenario modeling, take the more appropriate managing decisions based on scenario analysis and mathematical calculations. All these functionality will support project manager to optimize his business activities in accordance to risk management practices and ensure better coordination and balance inside the project team. Currently there available a wide range of project management software, but it is reasonable to conduct some analysis in terms of applicability to specific IT projects. The author will review the most appropriate software solutions for the risk management in IT area, conduct competitive analysis and provide some recommendations on software selection.
Software development process nowadays faces many challenges and risks. In order to manage risks we need to understand the scope and objectives of the software developments and use the appropriate automated risk management tool. The study addresses software risk management in software development area and an approach to analysis, structuring, and evaluating risk with the help of specialized automated tools. The author provides recommendations on how to define a set of selection criteria for automated tools and analyses the growing demand for service hosting solutions and web-applications, stressing that almost any software including risk management tools can be successfully run using this method.
Ключевые слова: портфельный подход, концепция VaR, хеджирование рисков, хедж-премия, стоимость компании
The main purpose of this monograph is to identify the key factors of risk man- agement efficiency of firm, whose management is able to increase the investment attractiveness of the business in general, as well as the formation of an effective or- ganizational risk management model that allows, on the one hand - to provide reliable protection for companies against unexpected losses, on the other hand - to make a risk management tool for the creation of corporate value. This monograph presents the organization of risk management in accordance with the latest regulatory require- ments. In the monograph authors provide a developed methods for evaluating the effectiveness of existing mechanisms of risk management, based on a representative theoretical review of the scientific literature of leading researchers in the field of risk management and internal control. In addition, an algorithm for evaluating the econom- ic and investment efficiency of the risk management is given, that takes into account the existing methods of performance evaluation, as well as recommendations on the organization of internal compliance as a tool ensuring the consistency of individual and corporate interests of the company. Most of the conclusions and positions pre- sented in the book, confirmed by empirical calculations on the example of Russian and international companies.
This article investigates the behavior of the Russian government bond yields and its sensitivity to a selected range of macroeconomic, monetary, international and event factors. The analysis concerns both individual and joint, short-term and long-term influence of factors under study, with emphasis to the most informative determinants of yields. In whole the results of the empirical study using monthly data from 2003 to 2009 indicate a major significant role of changes in monetary factors, notably the minimum repo rate and the interbank interest rate, as well as of foreign exchange rate risk factor. Joint influence of theoretical fundamentals, namely inflation and its expectations, exchange rate and money supply growth, explain less than a third of bond yields movements. On the other hand, no importance of GDP and domestic debt growth as well as of external risk factors, such as oil prices, foreign interest rates and changes in international reserves is found. Also the results provide evidence for the fact that most government bond yields respond to certain political and economic events and reflect crisis changes of the market.
Writing the paper on the eve of the G20 summit in Cannes, the author expressed a view that except for French President Sarkozy, no one should be surprised by a disappointing outcome in Cannes. More importantly the author argues that this does not mean that the world economy will not be rebalanced just because the G-20 did not ordain the solution. Unsustainable imbalances will eventually be adjusted by economic forces. Refraining from meaningful and urgent collective action, the G-20 leaders choose to let the world rebalance itself more chaotically, with the inevitable result of making things harder for each other. This is not a collective leadership but a joint abdication of responsibility. To prove its usefulness, the G-20 must do more than help old and emerging economic powers agree to disagree. The paper asserts that if the G20 fails the test, it is only a matter of time when the new creditors will see it as in their individual interests to make common cause either to reform existing institutions or to create new ones free of the dominance of the debtor countries. The author concludes that we can only hope that a new grouping of major creditors arrives as the successor to the G-20 in time to avert a replay of the 1930s. The publication is prepared within the framework of a joint project of Russian International Affairs Council (RIAC) Project and International Organizations Research Institute of the NRU HSE "Increasing Effectiveness of Russia's Participation in G8, G20 and BRICS in accordance with Russian Priorities and National Interests".
Increasing volatility on financial markets, uncertainty about Greece's debt restructuring and economic slowdown, and currency depreciation in the CIS region have put growth prospects in Poland and Latvia at risk. However, Poland has more flexibility to respond to these challenges, as it has an independent monetary policy and weaker links with the CIS.