Study On The Risk Management Of Tian Fu Dragon Court Real Estate Development Project

Real estate development is a typical industry which is both high-income and high-risk because of the long cycle of construction, large investment, numerous participates and complex relationships. In different period of a project, there may be different risks, so since the Investment decision-making period, there must be a risk management mechanism which is used to identify, assess and respond to risks in different period. Meanwhile, we can use it to monitor the risks during the whole project in order to adopt corresponding measures in time. Through the correct management of risks, one can avoid or reduce the probability of risks, so as to reduce the cost and improve the interests.This paper from the development status of risk management in developed countries,Fi rstly,This paper studies the present situation of domestic and foreign real estate risk mana gement, and then combined with the related theory and method of risk management, combi ned with China's current real estate development project risk management status quo, that China's real estate comprehensive risk management is imperative. Risk identification, risk assessment, risk response and risk control of real estate development stage. Combined with the characteristics of real estate projects, the methods of risk identification are enumerated, and the advantages and disadvantages of risk assessment methods are compared, and the ris k response measures of real estate projects are described.Finally do risk investigation based on the practical condition of Tian Fu Dragon Court. According to the process of risk management and the characteristic of the project, and used the analysis method of Profit and loss's balance,and weights,this thesis did analysis on the existing risks and risks that occurred in the process of carrying out the project, then used scientific risk identification techniques to identify and assess the risks in different period and made conclusion of them. Finally by classifying these risks and making effective solutions of different risks, this thesis made a set of risk management mechanism fit for the first phase of Tian Fu Dragon Court, which is used to monitor the risks during the whole project, so as to reduce the risks and lay a solid foundation for the success of the project.