Risk management strategies in international business project management

Abstract

The purpose of the article is to examine modern approaches to risk management in international business project management and to develop an integrated model that incorporates political, economic, legal, cultural, and operational factors. The study analyzes academic research and practical methods, systematizes the classification of risks, and reviews techniques for their identification and assessment. A three-tiered integrated risk management model is proposed, combining strategic, operational, and cultural management levels. The scientific novelty lies in integrating multidimensional risks into a single framework, which enhances the effectiveness of international projects. The practical significance of the results is the applicability of the proposed model to reduce costs and improve the timeliness of international business project delivery.