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The Study Of Risk Analysis And Prevention On PM/PMC Project Management Model

Posted on:2008-03-26Degree:MasterType:Thesis
Country:ChinaCandidate:Y SunFull Text:PDF
GTID:2189360218455600Subject:Civil Engineering Management
Abstract/Summary:PDF Full Text Request
As a new Project Management Model, the research and application of PM/PMC is at initial phase in China. In order to use PM/PMC model skillfully and take part in the oversea and domestic project competition, it is necessary to know the risk and how to avoid these risk in PM/PMC model for the corporation which wishes to engage in PM/PMC.Firstly, this paper compares the definition of PM/PMC model between China and foreign countries and this model with other existing project contract models in construction market of our country. Through the comparison and analysis, we know the connotation of PM/PMC model.Secondly, the paper views project contract as an economic action so as to analyze the action with existing economic modeling tools. PM/PMC is a vicegerent action actually. So this paper uses the Asymmetry Information Theory in Commission-Agent Model of Behavior Economics and the Game Theory to analyze the action and potential risk in different implementary stages of project between owner and PM/PMC contractor by some technical means such as Asymmetry Information Game and Boundedly Rational Game.Besides, through analysis of Game Theory we get a feasible scheme on risk avoidance.Again, risk is avoidless. this paper discusses how to share and transfer the risk and put forward a contract model signed jointly by bank, owner and PM/PMC contractor after synthetizing surety, insurance and contract design. It is a new attempt to solve risk problem in PM/PMC model by virtue of contract. At the same time, in order to avoid the virulent competition between the same vocation of PM/PMC market, this paper find a risk distribution scheme by Boundedly Rationa Theory and Game Theory and make PM/PMC market be in healthy competition through risk restriction.In the end this paper advances some advice to fostering and developing the PMC through strengthening the law and code on project management, reforming actual project management system and perfecting market mechanism of the project management.
Keywords/Search Tags:Project Management Model, PM/PMC, Asymmetric Information, Risk Analysis
PDF Full Text Request
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