Risk Management Tools in Russian Aviation Engineering Companies
Risk Management Tools in Russian Aviation Engineering Companies

Summary/Abstract: This paper covers on the approaches to risk management tools in Russian aviation engineering companies. The topic is of urgency as in high volatility external environment it is imperative for companies to take steps on lowering and preventing risks. The authors are rationalizing the insufficiency of using the international standards of risk management to ensure the stability of a company. The authors recommend applying various quality/quantity analysis methods to solve risk management issues. Special attention is paid to the cognitive modeling technology which allows to: study the issues described by inexplicit factors and mutual relationships; structuralize and formalize the knowledge on the emerging processes/phenomena and obtain new knowledge on possible future changes; study upcoming scenarios and create viable and highly efficient solutions on that basis.

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