Importance In modern conditions, research and production activities are associated with various threats and dangers impacting the implementation of innovation-oriented projects. Therefore, reducing the damage caused by these threats is important for scientific and technological progress acceleration. Objectives The main objective of the study is to create conditions for effective and sustainable development of high technology and high-tech industry. Methods The study employs methods and approaches that are based on the general theory of economic analysis, the tools of the probability theory and the project management theory. Results Using a systems analysis, we considered various definitions of risks inherent in the modern scientific and technological progress, studied and summarized existing approaches to identification and assessment of risk situations, revealed specifics and made a list of risks associated with space projects at various stages of their implementation. We also systematized causes of the most serious accidents of Russian spacecraft over the recent 10 years, and proposed methods to mitigate risks. Conclusions The analysis and synthesis of available scientific, methodological and organizational support to risk assessment and management showed that these methods were mainly developed when underpinning investment projects, which are based on the acceptable risk concept. It is advisable to apply the method of contingency planning, plan adjustment, financial resource reservation, and reservation as major risk management techniques in planning the development of high technology and high-tech space industry.
Keywords: innovation, performance evaluation, risks, rocket and space industry, scientific and technological activities
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