Methodological aspects of formation of risk management of the organization

Task. Risk management is a structured approach to identifying, assessing and minimizing risks that may affect the achievement of an organization's goals. The subject of the study is the methodology of risk management of an organization. The object of the study is the risk management system of an organization. The problems are mainly related to the fact that risk management is often based on incomplete or outdated data, which makes it difficult to accurately assess risks. Assessing the probability and consequences of risks can be subjective and depend on the opinion of experts, which can lead to erroneous conclusions. Many methodologies do not take into account uncertainty and volatility, which can lead to underestimation of risks. Risk management is sometimes not integrated into the overall strategy of the company, which makes it less effective. At the same time, new technologies, economic conditions or legislative changes can affect the outcomes. Also, the human factor and cognitive biases can affect the perception and management of risks, for example, ignoring rare but catastrophic events, and the negative influence of management culture, manifested in the lack of encouragement for open discussion of risks or the use of tools to reduce them, negatively affects the results of the organization. Model. To substantiate the methodological aspects of forming the organization's risk management in accordance with the standards. The theoretical and methodological basis of the study was the works of leading domestic and foreign scientists in the field of theory and methodology of risk management of organizations. In the course of the study, a set of general scientific and special methods was used. Analysis and synthesis were used to identify the essential characteristics and components of the risk management system. Conclusions. The methodology of forming the organization's risk management in accordance with the management standards is of theoretical significance in terms of developing scientific and theoretical provisions concerning the construction of a risk management system and improving its efficiency. Practical significance. The practical significance of the study lies in the formation of applied recommendations for forming the risk management system in the context of increasing the balance and adaptability of the organization's strategic priorities to changes in the internal and external environment. The developed methodological approaches to forming risk management, taking into account the parameters of the organization's risk sustainability, are aimed at improving the efficiency of implementing the results of activities in a positive way. Originality. Methodological aspects of forming the organization's risk management in adaptation to modern conditions of economic processes development.