Research On Risk Management Of Cooperative Development Projects Among Real Estate Enterprises

In December 2016,it was proposed that "houses are for living,not for speculation".Subsequently,relevant departments of the real estate industry launched a series of financial regulation policies.After the implementation of the policy,many real estate enterprises are facing a situation of high land acquisition costs and tight capital chains.Many real estate enterprises are facing increasing operational risks due to financing difficulties,and many real estate enterprises cannot develop independently.Therefore,the joint model emerged as the times require.Joint development projects are gradually being forced to become the preferred real estate development model for many real estate enterprises,especially small and medium-sized real estate enterprises.This cooperative development model faces many risk factors,among which the operational risks have not been fully recognized,and the enterprise is not perfect.Due to the pursuit of profits,it may ignore operational risks,and lack sufficient understanding of the management method of joint development,hoping for rapid expansion and development,This may lead to the failure of the management approach to joint development,and ultimately may lead to the rupture of collaborative relationships,or even the inability to achieve the expected goals of the feasibility study.This article aims to explore effective methods for identifying,evaluating,responding to,and monitoring operational risks through in-depth analysis of most domestic research articles on project cooperation information management,real estate development,real estate risk management,and real estate development risk management,with a view to providing correct guidance for real estate development.In the process of identifying the operational risks of the A real estate project jointly developed by Zhengzhou X Company and Longhu Real Estate,we have adopted the brainstorming method and the Delphi method to conduct a detailed collection and statistics of factors that may lead to operational risks,and have developed a complete list of risk factors in order to better control and manage operational risks.Based on this,we have constructed a hierarchical model of operational risk,identifying 6 types of twolevel risk factors and 20 types of three-level risk factors.The secondary indicators include investment risk,management authority division risk between cooperative enterprises,product scheme design and cost risk,operational risk,financial risk,and operation and property service risk.The three indicators select the risk factors unique to the A cooperation project,including the selection of partners,legal policies involved in the transfer of projects under construction,management authority division between cooperative enterprises,land punishment,early commencement The risks involved in the removal and clearing of leftovers,the delivery of surrounding municipal facilities,and the transformation of the donated area in the later stage of the project.Through a comprehensive assessment of the risk situation of the A project jointly developed by Zhengzhou X Company and Longhu Real Estate,we used a combination of qualitative and quantitative methods to clarify the importance and level of each risk.Finally,we reached the conclusion that there are 7 high-risk factors and 7 medium risk factors in the construction of the A project jointly developed by Zhengzhou X Company and Longhu Real Estate.The weight value of each risk factor is calculated using the analytic hierarchy process,and it is concluded that the selection of partners is the key risk of the project.The fuzzy comprehensive evaluation method is used to calculate the risk evaluation level of the project as "large".In order to ensure the successful implementation of Zhengzhou A Project,effective risk control measures should be taken to promptly respond to possible operational risks,and to supervise the entire implementation process of the project.By combining theory with practice,putting forward effective risk management measures and methods has important practical significance for the risk control and management of the A project jointly developed by Zhengzhou X Company and Longhu Real Estate.