Document Type : Research Article


1 Faculty of Administration & Economics, University of Babylon, Republic of Iraq

2 AL-Mustaqbal University college , Hilla , Iraq

3 Director of Oversight and Internal Audit Department, Ministry of Higher Education and Scientific Research, Iraq

4 PhD student, Ural State University of Economics, Russia


The digitization of the economy in the modern world has become an inevitable process that
objectively affects all areas of society and determines the direction of its development. The
importance of the study is evidenced by the high degree of modern development combined with the
constant transformation. In the process of informing the economy, the implementation of the
principles of digitizing the economy by an organization is impossible without the use of tools that
can ensure the continuous work on making changes to the current economic system. These tools are
(acting) projects. Which called for classifying projects (representation) into the five groups. The
numerical procedures for project risk (representation) are defined from three scenarios in which
each scenario and its risks are identified. The evaluation of the assessed factors of the digital
(representation) project was developed on a scale of 3 weight points for each risk, as well as
calculating the importance of risks regarding the not optimal level for a fraction of the cost of the
project and Implementing (feasibility) the project in decision-making of choose the project
(representation) or Non-continuity of the project (representation) during implementation. Which
indicates the importance and importance of this risk to the project and to the financial stability of
the company as a whole