Study On The Risk-cost Management Of No.2 Quay Pier In Weihai Port

From the perspective of the construction unit, this paper applies risk management theory into the study of the risk-cost of the project in view of the problems and risks existing in the risk-cost management of No.2 quay pier in Weihai port. In this paper, a thorough research on risk-cost management of the project is carried out from the classified recognition and the system analysis to the risk and the main risk response measures are proposed which is expected to be a good beginning in the risk-cost management of large hydraulic project in Weihai port.First, this paper introduce the project profile of No.2 quay pier in Weihai port,emphasis on the cost management organization structure and management processes,and presents the problems and difficulties existing in the risk-cost management of the project.Second, under the guidance of related risk management theory,this paper identify the five risk-cost factors including natural, management, technology,economic and political risk. Then, using LEC evaluation method to assess risk under the simple and effective principle,this paper concludes that management risk is the major risk and then the technology and economic risk, and the last is the economic and political risk.Finally, this paper puts forward some specific measures of risk-cost management.To build the system of risk resolution, this paper gives some methods to solve the analyzed of risk factors specifically.This research helps port engineering managers give more attention to risk management and get a good sense of risk management. This is important to strengthen the cost control of the project, decrease construction cost and enhance the economic benefits of enterprises, which will lead to the great development in the modern construction enterprise risk management theory and bring new life and enthusiasm into enterprises.