Project Crisis Management
Project management system is an effective means of solving the socio-economic problems. This method of management is the most powerful in changing and developing systems, in unstable and uncertain situations. The Innovative socially oriented economy cannot be avoided in the development of unstable situations that are characteristic for a market economy as a socio-economic system. Therefore, the management companies are increasingly emphasis on need to create a system of protection of the business of negative factors. The most important prerequisite for the successful passage of the crisis is the readiness for it on the basis of project crisis management. The main objectives of the project crisis management include: identification of signs of a crisis situation; estimate the probability of its occurrence and the potential consequences; the development of anti-crisis strategy; the elimination of negative socio-economic impact of the crisis; preventing it in the future. The mechanism of project crisis management should be oriented not only to eliminate the impact of the crisis, but also on the tasks of post-crisis period related to the further development of the business, increasing its competitiveness in the long term. The project crisis management doesn’t have a standard set of approaches, methods and procedures. Its tools depend largely on the individual capabilities of the company, the trajectories and cycles of development, the impact of various external and internal factors. There are several types of project crisis management, based on the phase of the crisis. As part of a project crisis management carried out pre-trial rehabilitation, judicial (arbitration and liquidation) and extra-judicial liquidation procedures. There is a need to enhance the rehabilitative nature of the modern crisis management. The project crisis management has its own the object, subject and mechanism. The realization of functions of project crisis management requires specialists with specific professional competencies to enable them to effectively manage the business in a crisis situation as well as to develop and implement stabilization programmes, further development aimed at ensuring the continued competitiveness.
project crisis management, volatility, crisis management, crisis management strategy.