Modern risks of an investment and construction project at different stages of the life cycle

Investment and construction projects are complex and multi-stage processes that cover various stages of the life cycle, including preliminary planning, design, construction, and operation. Within each stage of the project, there are unique risks that can affect its success and profitability. The purpose of this scientific article is to study and systematize modern risks. The article identifies the trends in the development of the modern real estate market. The risks of construction developers in the implementation of projects have been identified. The analysis of their occurrence using a process approach is carried out.