| Stage of work |
Required actions |
Implemented actions |
| Planning |
Developing a strategy, criteria, goals, and objectives for project work security. Determining the executive departments and employees, budget, reports, and relevant local regulations |
The goals and objectives of project implementation are set; the economic feasibility indicators of project implementations are used as criteria for the economic security of the project work. The project team is built (and the relevant local regulations are put in place), project budget and implementation plan are developed |
| Threat identification |
Identifying real and potential threats to project activities. Threats must be identified at every stage of project implementation. |
The real and potential threats to project activities are only identified at the project planning stage. During project implementation, negative factors are identified based on the deviation of project activities and their indicators from the preset values. |
| Threat analysis |
The analysis of the threats identified to assess their impacts on the implementation of the project. This work must be carried out throughout the entire project implementation period. |
The real and potential threats to project activities are only analyzed at the project planning stage. During project implementation, negative factors are identified based on the deviation of project activities and their indicators from the preset values |
| Response action development |
Developing actions to manage threats, action implementation plans, and determining the executive bodies |
The development of threat management actions, action implementation plans, and determining the executive bodies is done both at the planning stage and during the project implementation. However, when implementing project activities, anti-crisis management actions are developed as a response to the emerging negative impacts of the threats. |
| Monitoring and control |
Monitoring and controlling the project work security, assessing the level of the economic security of the project, analyzing the impacts of the project on the economic security of the company. These are carried out at the planning, implementation, and wrap-up of the project. |
At the planning stage, project efficiency indicators are calculated. At the implementation stage, the company's business activities are analyzed (profitability, trade, etc), as well as the indicators of its financial situation (liquidity, solvency, financial independence) based on the company results that include, among other things, the costs of project implementation. |
