Research On Social Stability Risk Evaluation Approaches For Major Fixed-Asset Investment Project In Yunnan

As an integral part of project management, risk management is a process to minimize project risk and is used in tasks and projects that involve large scopes, complexities, volatile environment and uncertainties. Social stability risk management is a significant branch of risk management. Social stability risk is basic, profound and structural, posing a serious threat to the safe running and healthy development of society.With China’s rapid socio-economic development, such social problems as land acquisition, resettlement and environment damage triggered by major projects have undermined the previously stable social environment. The 12th Five-Year Plan on National Economic and Social Development issued in 2011 stated explicitly that an assessment mechanism of social stability risk should be established for major construction projects and major policy-makings. That shows social stability risk has caused great concern from the government and people in all walks of life. The assessment of social stability risk is targeted at the legitimacy, feasibility, rationality and security of major policies and projects. Scientific methods are used to investigate, forecast and analyze potential risks, and effective measures are taken to prevent and defuse them and to lower their impact on social stability. Thus, social stability risk assessment can provide a safe social background for project implementation and the achievement of expected outcomes.However, as a brand new subject, social stability risk assessment covers a wide range of topics. The current assessment models in china need further improvement in terms of their science foundation and accuracy, and lack systematic, accurate, scientific and justifiable approaches. Therefore, the paper, by studying power transmission projects, explores the methods for social stability risk assessment, establishes a reliable system and supports the risk management in this regard.Based on previous studies on risk assessment, this paper builds an evaluation system by exploring the social stability risk of Yunnan’s power transmission projects. Comprehensive evaluation is adopted as the main research approach, and quantitative and qualitative methods are also used. First-hand information and data from field research serve as the basis of system analysis; Delphi method, AHP, fuzzy comprehensive evaluation methods and other mathematical models are also employed in the study. From the pragmatic perspective of risk management theories, this study contributes to improving Yunnan’s social stability risk assessment system, minimizing risk of policy-makings and ensuring project success.