The article reviews the methodology for calculating the economic efficiency of risk management. It is demonstrated that a wide range of risks are interrelated and mutually determined due to the “integral” risk-contributing factors and causes that affect the occurrence of one or more risks.The proposed method provides the opportunity to create the basis for risk management as an alternative approach to further investment feasibility studies. It also substantiates the relevance of a process approach for risk analysis, risk management planning, response to the major risks, control and assessment of the efficiency of risk management.