Contractor's Risk Management Of Wharf Project

After the reform and opening, the management system has come into being in our country at the sign of inviting and bidding, contact management, the legal person responsible for projects and project supervision system. In this period, the contractors come into assume sole responsibility for their profits or losses gradually. The contractors realize the weightiness of the risk management gradually. Risk management gets more and more attention especially in recent years. Today, market economy competition is more and more furious, risk management has become one of the hotspots issue of study in project management.The process of construction for wharfs is integrative social actives which include economy, technology, management, organization, etc. It includes many factors, so, it is inevitable for the contractor to meet some risks. Besides some familiar risks, it still includes tidewater, stormy waves and underwater construction. So, risk can result in fearful outcome if contractors don't treat risk properly. So it is very significant for contractors to identify, evaluate, and dispose risk properly.Based on the studies conducted by foreign and domestic scholars, this paper summarizes a systematic study conducted from both theory and practices of project risk management. The main sections of this paper are as follows:Section one, according to the analysis for research actuality in engineering risk management, this paper points out some main questions from several aspects: theory, application etc.Section two, this paper analyzes some main risk recognition and evaluation methods, improves on some of them, and educes some methods which are suit for contractors.Section three, based on risk recognition, evaluation in the construction for wharf engineering, this paper points out some measures which should be adopted by contractor.Section four, this paper has carried on the positive research of risk management to a certain wharf project from the risk analysis, appraisal and control etc.Section five, for the contractor's point of view, this paper analyses their behalf among the contractor, owner, supervision and subcontractor in engineering construction, at the same time, the author analyzes some risks by using game theory.Section six, finally, this paper summarizes the main subjects, and points out...