Analysis of risk management in innovation activity process

The importance of enterprise innovation risk management is constantly increasing, because it has influence on the company's leading positions, increasing its competitiveness in the domestic and international markets. It also helps to increase the economic and production potentials that are necessary to implement the innovative development strategy of the state as a whole. There are certain problems in the field of innovation management. At present time, there is no unified assessment methodology of risk impact of the enterprise innovation activity. Each enterprise uses independently developed methods for calculating the risk based on the ratio of risk costs to the risk time. It leads to errors in the valuation of identified risks and their negative outcomes and, as a result, in this situation the risk management effectiveness is reduced. The authors of the article propose a classification of the main types of risks in an innovation project. On the basis of the proposed classifications, an innovation risk management model for enterprise has been developed.