Total Risk Management In Construction Project

Today, in China , with the fast development of the general economy and the rapid pace of modem construction, the number of construction projects becomes more and more large. All of these bring about the rising invesiment and prolongation of construction projects. And there are more potential possibilities for a construction process to be out of control. So it seems more and more significant to take total risk management in construction project . Now being in the initial stage of the implementing of risk management in construction project in China , with poor risk management, not so much attention is paid to risks of a construction project So it is necessary to carry out a study on risk management in construction project at present. In a way of the combination of positive study and normative study, the paper introduces the elementary concepts of risk and construction project risk. Then, by means of system analysis ,the paper discusses the elements of a construction project . Based on the presentation on the identification ,evaluation ,avoidance, prevention, supervision and control of risks in a construction project , the paper shows a way of thought to implement risk management successfully in construction to implement risk management successfully in construction project Finally a particle case study is offered the cost risk analysis and management of xiaolangdi project in the yellow river. Bnd on the discussion,the paPer aims to give a fundamentalhaInewoth of risk management in cochction projeCt so as to helpheighen the risk awareness and enhance the abilop of risk Inanagement.