Research And Practice Of Risk Management In The Early Stage Of Real Estate Project Development

The development experience at home and abroad shows that Real Estate investment risks can affect a country's financial health and social stability as an important part of the national economy.This is also a prominent problem facing the development of the real estate industry in China.Lack of analysis of Real Estate investment risks will cause difficulties in the development process and failure to invest due to poor product sales,will even lead to risks in the financial and credit system,the housing system,and so on.These will hinder the current economic restructuring of our country and even affect the development of the entire national economy and social stability.Therefore,the evaluation of real estate investment risk is very important.This paper first describes the concept,objectives,process,and decision-making so on of Real Estate development project risk management,and analyze the organization setting of the development project and the earlier work,including the project planning,the design bidding,the construction drawing design,etc.,which provide effective reference for decision-making,sum up political risk,economic risk,natural risk,technical risk,management risk,etc.and establish the risk evaluation index system and model of real estate project,and introduce the risk preference parameter of investors,and establish the risk degree model of development project.This paper starts with the risk assessment and countermeasure,and takes the second phase of Wuchang FU project as the research object.Through the empirical analysis of the investment risk degree model,the more detailed risk management scheme suitable for the project is formulated,which is looking forward to improving the risk management level of other developers and related investors.This paper shows that:1.The technical risk grade of the project is R4,which is evaluated by experts.Economic,political,management and natural risks are in turn R2,R1,R5 and R3.We can see that the highest level of risk is the pre-project risk.2.In the aspect of project transfer risk,the debt is dealt with as a whole by further clarifying the relationship between creditor's rights and debts,and the creditor's rights and debts are solved thoroughly with the cooperation of the former company.3.For the design risk faced by the project,it ensures that the owner can effectively invest in the project and reasonable control the project by adopting the supervision system,strictly reviewing the design change system,issuing the formal design change scheme,and analyzing the cost change after the change in detail.4.The risk of delay is mainly due to the loss caused by the continuous extension of the project development time.By strictly formulating the construction period term and signing the contract,the author clearly points out the responsibility of the constructor once the construction period is delayed,and clearly formulates the incentive measures to realize the purpose of transferring the risk.5.By entrusting professional intermediary organizations to carry out preliminary research and commercial planning,mutual discussion is gathered.They should have a feasible financing plan and make a good reservation in the use of funds at the same time not changing easily once they are located.Adequate funding is needed in emergencies to avoid financing risks and positioning risks.The research of this paper has certain reference function to the present Real Estate project's early stage development risk.