The article is devoted to the theoretical foundations and analysis of the experience of subjects of the Russian Federation in the field of regional development risk management. The article examines the concept of risk, its difference and relationship with the
concepts of uncertainty, threat, danger, security and others. It is determined that dangers are
constantly present in the regional economy. And risk, as a measurable uncertainty with multiple outcomes, for which the probability of occurrence of a risk event is calculated, is manifested as a result of the occurrence of a hazard. When comparing the concepts of risk and
security, this means that the security of the regional economy is manifested in the ability to
resist threats and manage risks, and not in the complete absence of dangers. It is revealed
that ISO standards distinguish between the concepts of risk management and risk management. For further discussion, risk management is understood as a systematic approach to
using the full range of mechanisms available to public authorities to reduce emerging risks
and threats to the socio-economic development of the region. Further, the analysis of risk
management in the practice of regional management on the example of the Omsk, Novosibirsk and Tyumen regions is carried out. The relevant tools in the activities of government
bodies, such as territorial development strategies, state programs and projects, were identified, which allowed us to introduce a classification of risks with the allocation of strategic,
tactical risks of territorial development and project management risks, among which there is
a strategic level. The analysis of the implemented tools for compliance with the mandatory
stages of risk management showed mainly the absence of risk identification, unified requirements for risk accounting and systematic risk management of regional development. Among
the assessed regions, the Tyumen region has the best practices in terms of risk management. For a more detailed analysis authors highlighted the key institutional and instrumental
elements of risk management such as risk committee, strategic risk map, risk register, action
plan for risk management, and defined logical relationships between them.
