Algorithm for Risk Assessment in the Introduction of Intelligent Transport Systems Facilities

Introduction of intelligent transport systems (ITS) facilities is a complex and time consuming process. It requires developing various ITS architectures, a clear definition of tasks (needs of the user) and compilation of databases. In order to avoid negative results of introduction of ITS projects, a new approach in designing ITS, taking into account all possible risks of each stage of designing and introducing ITS facilities, becomes a priority. The paper proposes an algorithm for risk assessment during introduction of ITS projects. A risk management system is required for identification, grouping and analysis of major risks of ITS, as well as for developing the ways to mitigate possible risks.