A Study On Controlling Measures Of Project Construction's Risk

With continuous deepening of economic system reformation, construction markets are now opening to the world gradually after China join WTO, which result in increasingly complication of investment environment and investment main-bodies. The potential risk, which emerges out in the process of construction project contracting and contracting award, will inevitably bring damage, more or less, to all the involved parties, since construction projects are usually characterized by enormous investments, long construction cycles, complex organizations and many other uncontrollable factors. As the powerful mean of assessing risk and executing risk management strategy, risk management plays an important role in avoiding or lessening the unpredictable risk, and thus becomes the decisive link for managing a successful construction projection. Therefore, the theory research on risk management and engineering insurance, which is regarded as the most prevalent and effective means, and their application become more and more important.Construction management status quo is analyzed firstly to make the aims and the significations of risk control clear in this paper. Refer to domestic and overseas research production in this area, this paper focus on such aspects as construction project risk identification and evaluation, risk escape tactics, risk control insurance, etc.. The work involved could be described as follows.Firstly, aiming at construction project risk identification and evaluation, this paper summaries risk characteristics, risk classification methods, and mathematics model is set up to identify and evaluate project risk.Secondly, the paper focuses on risk management strategy issue, and analyzes each single risk management measurements. Contra-analysis is carried through among such risk manage measurements as risk escaping tactic, risk reducing tactic, risk sharing tactic, financial control and risk inspection. Based on the analysis, a set of combined tactics is put forward to management of construction risk.Thirdly, in order to solve project risk control problem, this paper process a thorough study on insurance measurements ground on the investigation of all project parties. Regarding projects insurance as an essential risk manage measurement, this paper discusses the conditions of insurable risk, insurance economic, and insurance tactics of main project parties.Fourthly, guided by the theories and methodologies studied, this paper put forward a set of risk control measurements to manage Changchun Wei Xing Road construction project. By risk distinguishing and assessing, optimized risk management and insurance tactics are given to help to gain the project aims.The paper pays close attention to the combination of theory research and management practice. Through the research, this paper tries to set up the relative theory about construction projection risk and insurance and practical experience which provides decisive support for the parties involved in the construction projection to control and deal with the risks at the least cost.