Research On Investment Risk Management Of XX Expressway Project

Expressway infrastructure is a pillar industry of the country and also an important support to promote social and economic development.In recent years,China’s highway construction has developed rapidly,gradually improving the intercity highway Internet,greatly improving the level of regional economic development.Since the 13 th Five-Year Plan,China’s highway construction has ushered in a period of development opportunities.Relevant information shows that China’s highway mileage had reached 142,500 kilometers by the end of 2018,ranking first in the world.As China is a socialist country,the special national conditions make expressway construction become the infrastructure investment project that the country attaches great importance to.With the increasing attention of the state,the number of newly invested and newly built expressways is on the rise,while the construction scale and construction difficulty are also gradually increasing.The problem that coexists with the difficulty and scale of construction is the long construction cycle and the increase of uncertain factors,which make the risk of expressway construction gradually increase.With the continuous development of expressway construction,relevant construction risks keep emerging,and the state starts to pay more attention to the risk prevention of project construction,focusing on the risk control and response measures in project construction.At the same time,the expressway must deal with the particularly complex human and natural environment in the whole project development process.The whole project has a long construction cycle and high technical requirements.The whole management process involves materials,technology,personnel and other aspects,which is a process of continuous management.In addition,various internal and external factors involved in the management of the project are also in a dynamic change process,and some habits and random factors will be experienced when the project is created.Such uncertainties and laws to change these uncertainties make the management methods of highway projects more complex during the construction process,which naturally provides higher provisions for the risk management of all projects.Therefore,in the construction of expressway project,risk management is particularly important to ensure the smooth development of all projects in the construction process and ensure the project quality.This paper is mainly based on the basic theory of risk management and control of capital construction projects,based on the basic theory of risk management and control of capital construction projects,risk analysis,risk assessment methods,risk prevention and control measures,etc.,taking XX expressway newly built project as an example.Based on the identification,evaluation and evaluation of the risks of construction projects,a risk entity model is established,and the key points that should be paid attention to in the risk management method of highway investment are put forward clearly.Taking XX expressway as the analysis object,this paper USES the entity model of risk analysis to determine the five main risk factors of XX highway capital construction risk,current policy and legal disputes,business risk,economic development risk and management risk,and refers to relevant literature to optimize the risk value.The level-1 risk index is decomposed to obtain the level-2 risk index value.According to the questionnaire survey method of authoritative experts,the risk factors of XX expressway are analyzed,and the relative necessity of investment risk index value and the degree of subordination of safety risk are evaluated.Considering the objective requirement of index weight assignment by fuzzy mathematical evaluation method,the first and second risk index weights are solved by using the tomographic analysis model,and the subjective factors of the results are avoided.Through analysis,it shows that the overall risk of XX expressway project is at a relatively high level,and there are differences in risk factor levels.In view of the important impact of expressway risk management on project construction,strengthening risk prevention and response measures is of positive significance for improving the level of China’s expressway risk management.