Risk Management Research Of Commercial Real Estate Project Development

The risk management of commercial real estate projects is achallenging task; it has extremely complex features in terms of staffing, thedeployment of goods and cash flow. Once managers fail to recognize theproblems of the project and take timely measures to resolve them, the projectmay suffer failure. At present, China’s commercial real estate projects are inthe early stages of development; Poor project plan and the lack of awarenessof project risk management still largely hindered the improvement of projectmanagement.This paper focuses on the current commercial real estate market, themacro environment and the status of the risk management of commercial realestate projects. Combined with the Chongqing Tiandi Commercial Real EstateProject, this paper did a research on the risk management issues incommercial real estate projects. First comes the overall summary of the riskmanagement of commercial real estate projects, the background of this thesis,and purpose and significance of this research. And then deep into thecommercial real estate project management, risk identification, riskassessment and risk response. Then the author put forward that riskmanagement should be analyzed from two aspects—organizational riskmanagement and process risk management. Then the author studies twodimensions of organizational risk, e.i. from external and internal oforganization risk, using game theory and the ORA organization simulation asa tool respectively. After that, in the case of the Chongqing Tiandi commercialreal estate project, a more systematic summary of the project riskmanagement process of investment decision-making stage, project preparation stage, the project construction phase and operation phase is putforward. And assessment of the variety of risks was made by using AHPanalysis and gray fuzzy comprehensive evaluation method. Finally this papercomes up with measures and feasible recommendations based on evaluationresults targeted.