Risk Management Research On The XG Old Street Renovation PPP Project

The PPP model has relieved the contradiction between the people’s growing need for a better life in tourism and the unbalanced and inadequate development of the tourism industry.In recent years,the PPP model has been vigorously promoted and applied in the tourism industry.Due to the lack of mature experience,the project also faces many risks.This paper takes the tourism project-the PPP project of XG Old Street Reconstruction as an example,to identify and evaluate the project’s life cycle risks,and propose the corresponding countermeasures to achieve the purpose of risk management.The research is as follows:First of all,based on the research of risk management theory at home and abroad,the paper uses the methods of literature analysis and case analysis to sort out the initial list of 27 items of the XG Old Street renovation project;Subsequently,the paper uses the methods of questionnaire survey and field investigation to add,reduce,merge and revise the initial list to 31 risks,and divide them into 7 categories of political risk,economic risk,design and construction risk,operation and maintenance risk,policy and legal risk,transfer risk,and force majeure risk according to the nature of the risks.Then,using the Delphi method communicate the revised risk list repeatedly with experts,and determines the final risk list which includes 35 risk factors of 7categories.Secondly,based on the identification results,the risk evaluation index system was determined,and the risk judgment matrix was constructed through the questionnaire survey.Then the paper uses the analytic hierarchy process to analyze and determine the risk weight of the XG old street reconstruction project.Next,it establishes the risk evaluation factor set,risk comment set,and fuzzy matrix,and uses the fuzzy comprehensive evaluation method to obtain the risk level of the XG old street reconstruction project,and determines the risk evaluation result.The overall risk level of the XG old Street renovation project is medium risk,a single factor shows that the operation and maintenance risk is high risk,and other types of risks are medium risks.This paper also uses the analytical results of the analytic hierarchy process to sort the risks from high to low,and uses the ABC management method to classify the risks.Finally,based on the results of the risk evaluation,the paper proposes the project’s risk sharing principles and suggestions,and the corresponding prevention suggestions which are mainly for Type A and Type B risks.