Research On Efficiency Of Risk Management Of The Construction Project

As the expansion of the project scale, the development of the complexity of skills and technology, and the dramatic change of social economy environment, the risk increase obviously and the relationship between each kind of risk become more and more complex. This makes risk management crucial in a project management. Risk will cause the damage, so does the risk management. The"damage"caused by risk management is the cost of the risk management. So far, as most of the construction projects in our country are always short on funds, with the feature of risk management, which could not bring profit directly to the projects, it is difficult for the project manager to pay enough attention on the risk management. We can not simply increase the investment and abort the risk management, nor raise the"insurance modulus"instead of controlling the risks. This essay is trying to explain the concept of efficiency of risk management and go deep into it. By analyzing the input and output, we will set up a scientific goal of risk management, and the reasonable efficiency of it, so we can minimize the damage by a low cost risk management.The research on risk management efficiency is at the starting phase. The efficiency of risk management has similarity with management efficiency, meanwhile they have differences, that means the input and output of risk management has great uncertainty and complexity, which makes the quantitative research of risk management efficiency more difficult, and becomes the unsolved academic problem at present, and also the pivot and nodus of this essay.This essay starts with the forming of risk management efficiency. First, there is a clear definition to the concepts of the efficiency and the risk management efficiency. Based on that, the connotation of risk management efficiency is explicated and summarized. Hence, there are analysis on input and output of risk management, which are two basic elements of risk management efficiency. On the input of risk management, the essay refers to the definition of risk management, describes the features of risk management on construction project, studies the process of risk management, and analyzes the definition of the all lifecycle of construction project, division of phases and work in each phase. On the output of risk management, it describes the features of construction project...