Construction Project Risk Management Building And Practice Of Guangdong Mobile Communication Corporation Building

In the context of the continuous state investment in basic industries, investmentin fixed assets is booming across the country, among which real estate developmentis a typical example. Bringing vigor to urban development and large profits toenterprises, investment in fixed assets incurs the high risks of real estatedevelopment. The typical risks include incomplete projects, breaking the time limitfor a project, over-investment and accidents. The construction project is systematicengineering: an achievement of the joint efforts of the stakeholders facing thecomplicated natural and social conditions; a production process characterized by along construction cycle, a huge amount of capital invested, rigid technicalrequirements, complex internal structure and a wide range of external connection. Inthe process of implementation of a project, the parties involved in the constructionproject are inevitably subject to risks due to the uncertainties and the interaction ofvarious risk factors. Without measures against these risks, the implementation of theproject could hardly avoid interference or the serious consequences followed in aworse situation. Therefore, construction project risk management is of greatimportance.Project management of the units undertaking projects is the most complex andcomprehensive in construction project management. To a large extent, theimplementation of the project depends on the project management level of theconstruction units. This thesis conducts a research on construction project riskmanagement from the angle of the construction project directors of large state-owned enterprises. The thesis first discusses the risks at all stages of construction projectsand the main methods of risk identification, risk prediction, risk assessment and riskprevention and control in project management. Then the feasibility and necessity toestablish the risk management theory is elaborated. Finally,, several suggestions onproject risk management are given to the infrastructure management of state-ownedenterprises, based on the case of Guangdong Mobile Communication CorporationBuilding which introduced project management company, the whole process ofinvestment control to raise the technical level of infrastructure management and thewhole process of follow-up auditing to respond to the government’s SunshineProject.