Risk Management of Large Infrastructure Projects: Risk, Uncertainty, and Complexity

Abstract

The development of large infrastructure projects requires the consideration of many different risks in advance, of which the two common risks are strategic risk and project risk. This study provides an overview of the different relevant literature on risk management of large infrastructure projects. Based on the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong high-speed rail, this study identified the project’s main strategic risks and project risks, and provided suggestions for risk management.