Study On Approach For Selecting Project Risk Response Strategy Considering Two Risks

With the project involving the fields more widely, the risks of project gets more complex and level of risk management is increasingly higher. Project risk management has become the key factor and important support to promote science, society and economic development and ensure the success of the project. Research on theory and method how to select project risk strategies has been the core question of risk management. Discussing how.to select project risk strategies which can help the enterprises control the project better has a great significance.From the concept analysis of project risk management, this article research on the strategies selection focusing on how to consider two risk situations. The purpose of the research and significance lies in:first, studying project risk strategies selection elements theoretically; then giving an approach to strategy selection for project risk control considering two risk situations; finally providing a case study on strategy selection for project risk control to illustrate the application of proposed method.This paper mainly completed the following three aspects research works as follows:(1) Concepts about project risk management are analyzed and defined. The basic task of any project management is caused by the uncertainty of project management project risks. Therefore, this article first introduces the meaning and type project risk, project risk identification, project risk assessment and project risk control and related key concepts. This article first introduces the meaning and type of project risk, the concepts of project risk identification, project risk assessment and project risk control which are the foundation for further research.(2) Proposing an approach to strategy selection for project risk control considering two risk situations. Through the risk identification, risk assessment to determine the interacted relationship between two risks, through the risk identification, risk estimate, risk assessment to obain the interaction relationship between two risks, to find the methods to reduce risk of damage occurred and giving the risk decision model.(3) A case about strategy selection for project risk control is analyzed. A case about strategy selection for project risk control of A company’s plant expansion is put forward to describe the calculating process of the methods.Besides,literatures related to project risk management are viewed and appraised.By the end of this thesis,the main research results and conclusions,major contribution and limitations and requiring work for further research are summarized.