Authors

  • Bekzod Iskandarov
    Samarkand Institute of Economics and Service

DOI:

https://doi.org/10.71337/inlibrary.uz.jmsi.123878

Abstract

The purpose of classifying potential risks in construction industry enterprises is to systematize these types of risks according to a number of criteria , which will help identify weaknesses in this system.


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MANAGING THE POTENTIAL OF CONSTRUCTION INDUSTRY ENTERPRISES

Iskandarov Bekzod Abdujalilovich

teacher at Samarkand Institute of Economics and Service

Abstract

: The purpose of classifying potential risks in construction industry enterprises is

to systematize these types of risks according to a number of criteria , which will help

identify weaknesses in this system.

Key Keywords

: Risk assessment , internal risk , unmanaged risk

We know that any action that concerns the future will have an uncertain outcome. We do

not know what the real income of construction industry enterprises will be and their

purchasing power will be, if we take into account the current economic situation (inflation)

during their activities, because we do not know how much inflation will increase in the

coming period. We know that every action is based on a certain risk, which means that any

enterprise takes risks during its activities. In this regard, risk can be divided into two types,

depending on the scope of its implementation, namely, trust in God and risk assessment.

For example, the verse in our holy book, the Holy Quran, “By the mercy of Allah, you

were gentle to them. If you had been harsh and hard-hearted, they would have scattered

from around you. So forgive them. Ask forgiveness for them and consult with them in the

matter. When you have made a decision, put your trust in Allah. Indeed, Allah loves those

who put their trust in Him.”

1

, it is also known that we definitely start any activity based on

trust. Risk assessment is carried out based on its measurement, and the higher the result,

the higher the probability of this activity or process being implemented. At the same time,

it can be concluded from this holy verse that as a result of treating people harshly in the

management process, subordinate workers and employees will be dissatisfied with this

management process and the likelihood of them quitting their jobs increases. So the

management process in turn requires a polite attitude, and these characteristics, including

politeness, consultation, and risk-taking, should be considered, in our opinion, as

management functions.
In the context of the modern globalization economy, global and local risks have a territorial

significance, which reflects the scope of influence of these risks. In addition, an approach

is required to identify risks that assess the impact of these risks on economic activity. It

should be noted that while risks quantify potential losses, assessing the economic potential

of enterprises requires assessing their existing resource reserves and capabilities.
VPBuyanov, KAKirsanov and LMMikhailova

2

divided risks into impulsive risks and total

risks according to the time of manifestation of negative consequences. At the same time,

they divided risks related to the sale of manufactured products and goods into two types:

temporary risks and territorial risks. Another economist, VZChernyak

3

, divided risks into

1

Holy Quran . Ali Imran Surah 159 verse .

2

Buyanov V.P., Kirsanov K.A., Mikhailova L.M. Riskology (upravlenie riskami). - Three. posobie. - 2nd izd. ispr . i

dop. - M.: Exam, 2003, 384 p

3

Chernyak V.Z. Management of investment projects in buildings. - Russkaya delovaya literatura, 1998, 800 p


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external and internal risks according to the sources of development.
Based on this, it can be said that external risks are risks that arise as a result of the

unreliable, i.e. negative, impact of the external environment or, in the construction sector,

external objects that are functionally related to the construction organization.
Internal risks are risks that may arise from the failure to fully utilize internal opportunities

and resources available for development, that is, from insufficient attention to the analysis

and planning of the activities of a construction company, as well as from shortcomings in

the decision-making system in this organization.
Another economist, GL Krasnyansky,

4

divided risks into macro and micro risks according

to their level of occurrence. At the same time, he divided them into risks in implementing

solutions and risks in making decisions according to the solution to existing problems.
AAPetrosov and KSMangush

5

classified risks into random and hierarchical types based on

the nature of forecast implementation. At the same time, they classified risks according to

development factors into socio-economic, demographic, environmental, political,

technological, information, operational, and investment types.
Economists VPBuyanov, KAKirsanov and LMMikhailova

6

According to the description of

the origin of risks, they are divided into natural, technogenic, anthropogenic, ecological

and mixed, and according to official standards, into physical, chemical, biological and

psychophysical risk types. In terms of their impact on humans, risks are interpreted as

active risks, i.e. risks directly related to humans, and inactive risks (passive) risks, which

arise without human participation.
SSLixterman and DIDjunusova

7

divided risks into controllable and uncontrollable risks,

depending on their ability to manage them. Controllable risks, in turn, were divided into

risks that arise when investing funds and operational risks.
Uncontrollable risks include unforeseen emergencies, natural disasters, default risks,

military actions, and the like.

N.N.Popovich

8

, depending on the possible occurrence, divided risks into two large

groups, namely pure and speculative risks. It should also be noted that today in modern

economic literature, risks are interpreted as risk. However, such a categorization or

classification of risks completely changes their essence. At the same time, NNPopovich

divided risks into such types as environmental, political, transport and commercial risks

depending on the main causes. In terms of structural structure, risks are divided into simple

and production risks.
In the management of the potential of construction enterprises, all types of risks are

manifested in an interconnected manner. That is, the potential of construction enterprises is

4

Krasnyansky G.L. Investment policy of the coal industry. - M.: AGN, 1999, 327 p

5

Petrosov A.A. Mangush K.S. Economic risk of mining. - M.: Izd-vo MGGU, 2002, 142 p.

6

Buyanov V.P., Kirsanov K.A., Mikhailova L.M. Riskology (upravlenie riskami). - Three. posobie. - 2nd izd. ispr . i

dop. - M.: Exam, 2003, 384 p.

7

Lichterman S.S., Dzhunusova D.I. Investitsionnaya strategy and risk of corporate non-state pension fund of coal

enterprise. - M.: GIAB No. 3, 2004, p. 126-131

8

Popovich N.N. Economic mechanism otsenki rekonstruktsii usuzhebyvayushchikh predpriyatiy. - M.: Izd. dom

"Novyy vek", 2000, 242 p.


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a set of risks associated with financial risks, production, labor, marketing, management and

innovation risks. Scientific risk classification makes it possible to determine the place of

each type of risk in the overall system. This creates the opportunity to effectively apply

appropriate risk management methods. Each type of risk has its own system of risk

management methods. We have proposed six types of risk management in the management

of the economic potential of construction enterprises. Managing these risks allows for the

effective and rational organization of the economic potential of the enterprise.

Reference

1. Anchishkin A. Prognozirov a nie​ really socialist economic - M.: Ekonomika , 1973.
2. Gorbunov E. Economic potency a l developed socialist society // Questions Economics ,

1981, No. 9.
3. Kholboyev UX Theoretical issues of increasing the competitiveness of the service sector.

Journal of Management Values & Ethics. August 24 Special Issue, ISSN-2249-9512, page 291-

296.
4. Kholboyev UX Competitiveness in the service sector regulatory documents aimed at ensuring

and improving. Bulletin news in NewScience Society International Scientific Journal. Vol 1

Issue 6, 2024, pages 276-279.

References

Anchishkin A. Prognozirov a nie​ really socialist economic - M.: Ekonomika , 1973.

Gorbunov E. Economic potency a l developed socialist society // Questions Economics , 1981, No. 9.

Kholboyev UX Theoretical issues of increasing the competitiveness of the service sector. Journal of Management Values & Ethics. August 24 Special Issue, ISSN-2249-9512, page 291-296.

Kholboyev UX Competitiveness in the service sector regulatory documents aimed at ensuring and improving. Bulletin news in NewScience Society International Scientific Journal. Vol 1 Issue 6, 2024, pages 276-279.