A Research On The Construction Of Management And Control System Of Key Risk Indicators For Real Estate Development Of N Company

During the 40 the years of Reform and Opening up,it is a great change of our country about economy,society and the construct of democracy and law,including real estate industry.The benign development of the real estate industry is not only a booster for social prosperity but also a strong agent to stabilize the national financial market.In recent years,Land prices higher and higher,the central government and Local governments have issued a series of policies to regulate the real estate market.It means the " profiteering-era " of the real estate industry has ended,and the "micro-profit era" has arrived.Competition among real estate companies will be even more cruel.Facing the current industry status,it is significant to strengthen risk management awareness and control abilities to enhance the core competitiveness of enterprises.N Company is a wholly-owned subsidiary of A Company which is a large,multinational,state-owned enterprise.And the main business of N Company is real estate development.This paper is based on COSO Enterprise Risk Management Framework Theory,and take N Company as an example.Starting from the weakness of project development risk management and control capabilities,sort out the source of risk in the business process in more than a decade,and find the corresponding business process points,and then set it become the risk indicator.Then,evaluate risk with the qualitative and quantitative methods.It is the qualitative method to issue questionnaires to senior expert in the industry and get risk score.And It is the quantitative method to use Analytic hierarchy process calculating risk indicator weights.Next,Drawing a risk map present results of risk indicator weights.Finally,Setting the different levels of risk control flow charts for different levels of risk indicators,and comprising a risk management system controlled by three lines of defense.