Program Risk Management In Zhuhai Shizimen CBD Construction

On account of the differences between program management and traditional project management,the study objective of the paper is to make an analysis and summary of the perspectives and methods of risk management during program implementation.Based on the theory of traditional risk management,the paper is intended to promote program risk management by integrating special methods and thoughts for program risk.The study method of this paper is case study.Analysis and summary are conducted on the basis of the case of Phase I Program of Convention,Exhibition and Business Cluster of Zhuhai Shizimen CBD(SZM Program).The content of study consists of three parts:1.the study on the risk essence by combining with the logical relation among subprojects of program through risk manifestation forms,quantification and unification,as well as on the risk change,expansion,and transfer in program,etc;2.the study on the risk embodiment and quantification,loss judgment and risk behaviors in various programs;3.Based on the study result of basic characteristics of risks,the attempt at developing a simple model for risk treatment&control procedure in program,as well as the treatment and control methods for independent and correlated risks in program.The major conclusion in this paper is the establishment of risk control procedure in program and the selection of treatment measures for independent and correlated risks.The implementation of the risk control procedure is based on the risk analysis in program,for the purpose of risk reduction for satisfying the benefits of various interested parties in program.Treatment measures for independent and correlated risks,as a comprehensive embodiment of treatment methods for various risks,are used to ensure the valid operation of the risk control procedure.This paper analyzes a number of practical cases which arise in many similar construction engineering programs and are rather representative.Therefore,the conclusion of study on risk analysis and treatment experience drawn from those cases is of guiding significance for other program management.