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Research
Research on the Method of Risk Management in Construction Projects
Abstract
The subject on risk management has long aimed at the finance insurance industry and the systematical research Oil the method of risk management with the construction enterprises as investigation objects is infrequent and oftheoretical worth.
Construction of an engineering project demands a large quantity of labor power, material resource and financial force.If a construction enterprise neglects the risk
management or takes faulty management,the possibility of unexpected loss shall be increased and the result of the loss shall be enlarged.Sli曲tly,it may delay the construction period to add the cost of all parties or badly the project may be difficult to proceed,which shall make disinvestments impossible.Therefore,the research achievement ofthis paper has realistic meaning and applicable value as well.
The paper,beginning with the concept of the construction project,expatiates the external existence of the risk as well as the threat and opportunity concerning the risk in construction projects.By better comprehension and effective management to the characteristics of the risk,the entity may avoid unpredictable disasters,obtain more
reliable profit,decrease emergent expense,apply the released resource to other tasks and grasp those profitable investment opportunities that are abandoned by others because of excessive risk.The paper researches the risk management in the construction projects in combination with the author’s enterprise.It puts its emphasis on the analysis and research on the identification and balance,analysis and assessment of the risk in the construction projects.Simultaneously,the paper sets forth the assumption of the risk
degree,and quantifies the risk degree with the method of Analysis of Hierarchy Principle(AHP)in a certain construction project so as to provide the basis for the decision—making ofthe risk management.
Key Words:Construction project,risk management,r
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