ADAPTING ENTERPRISE ECONOMIC SECURITY MANAGEMENT MECHANISM TO WARTIME RISKS THROUGH THE PRISM OF PROJECT MANAGEMENT

Dmytro Kutsenko

doi:10.36690/2674-5208-2025-2-143-152

Authors

Dmytro Kutsenko Rauf Ablyazov East European University https://orcid.org/0000-0001-6379-2330

DOI:

https://doi.org/10.36690/2674-5208-2025-2-143-152

Keywords:

economic security, economic security management mechanism, risks, war, enterprises, project, project approach, project management

Abstract

Research by modern scientists in the field of security science problems demonstrates that the algorithms of Ukrainian enterprises' activities have undergone significant changes in the realities of wartime. The feasibility of using a project approach to fulfil strategic tasks of business development in conditions of uncertainty and risk has been proven, in particular for the formation of a modern mechanism for managing economic security. It is assumed that the traditional functional elements of the economic security mechanism (human, financial, material, legal, information) should be supplemented with a digital component, and risk management should be integrated into all business processes. The most tangible risks of wartime for the activities of enterprises include a decrease in the quality of intellectual and human resources, a decrease in the level of financing and sources of financial income, the destruction of assets due to enemy attacks, the narrowing of partnership ties, a decrease in the quality of products/services, labor productivity, and the inability to predict strategic business development guidelines with a high level of reliability. Modernization of the economic security management mechanism requires additional costs, but inaction in this matter is no longer possible for those enterprises that seek to survive in wartime conditions. The disadvantages of the existing mechanisms are proposed to be the low level of employee motivation, the residual principle of security financing, and the identification of the state of economic security only with the physical protection of resources. The article proposes directions for modernization of the enterprise's economic security management mechanism, in particular, the use of a project approach, the creation of a digital ecosystem, constant monitoring of security-oriented measures, revision of motivational policy in personnel management, integration of security goals into the general business development strategy, increasing the level of digital literacy of security-oriented management entities, continuous monitoring of competitors' activities, which will allow economic security management specialists to flexibly respond to the challenges of wartime. The stages of developing an economic security management mechanism based on project management principles are proposed, such as team formation, risk assessment, resource planning, and KPIs for those performing security tasks.

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Author Biography

Dmytro Kutsenko, Rauf Ablyazov East European University

Teacher of a Professional College, Private Institution of Higher Education «Rauf Ablyazov East European University», Cherkasy

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