ASSESSMENT OF DESIGN DECISIONS IN THE CONDITIONS OF RISK AND UNCERTAINTY
Classification signs of design risks are considered. The assessment of design decisions in the conditions of risk and uncertainty has to be carried out at all stages of implementation of the project. Therefore risks inherent pre-investment, investment and operational stages of life cycle of the project are considered. The author paid special attention to the reasons of emergence of technical risks and their consequences for the project. Claiming that in an assessment of design decisions there is a special value of financial risks of the project, the author considers the main reasons for their emergence, signs of financial risks and their consequence. The main methods of estimation of risks are considered: qualitative and quantitative. Also the expert analysis which is applying at the initial stages of work on the project and a tree-of-decisions method (it bases on the allocated works (events) which display life cycle of the project, defines the key events influencing the project, time of their approach and possible decisions which can be accepted as a result of approach of each key event with definition of probability of their acceptance and cost of works) is provided in work.