Analysis of approaches and principles to the formation of key risk indicators in construction

Abstract

Coronavirus COVID-19, exchange rate dynamics and other macroeconomic factors make the risk of implementing projects in the construction sector quite high and require effective management. This article analyzes the concept of key risk indicators in the construction industry. Key risk indicators help identify threats. Thanks to this, measures to eliminate them are taken in advance. It was found that the choice of key indicators depends not only on risks, but also on the strategies and objectives of companies. Correspondence of key indicators to key strategies helps the leader to obtain the necessary information to more effectively achieve goals.