Nowadays, in Russia there is an active promotion of an idea of introducing a risk-based approach into the domestic organizations activities. Currently, there occur a number of legislative acts obliging organizations to implement a risk-based approach in their activities. Nevertheless, the concept of a risk-based approach in the adopted Laws and legislative acts is mostly declarative one. There is no proper justification of its scientific essence and, as a result, practitioners do not understand its practical application. At the same time, supervisory organizations (authorities) have to implement a risk-oriented approach, which should regulate the planning and frequency of control (supervisory) activities and inspections. Moreover, supervisory authorities should develop their own documents to classify the legal entities activities and (or) production facilities used to a certain risk category or class in terms of the specifics of their activities. However, practitioners have questions on documentation, methods, and implementation of the designated risk-oriented approach in the practical activities of organizations. Nowadays the domestic supervisory authorities should employ risk management specialists who are able to professionally and scientifically provide an objective assessment of risks in order to classify the activities of legal entities and (or) production facilities to a certain risk category or a class. This is the most difficult and time-consuming work when implementing a risk-based approach, as an effective one, requiring special training and conducting scientific research in this field.