Risk management of real estate's development and construction projects

Abstract

In this paper, we studied that how a real estate enterprise conduct risk identification, risk analysis and assessment, and risk coping and controlling when it was constructing a new project. In this paper, we set the fenglin residential construction project as our empirical case. Based on the data collected, we first utilized the expert investigation method and the fault tree analysis method to qualitatively define the risks during the whole construction period in order to draw the risk checklist. And then, based on the expert scoring method we quantitatively calculated the probability and importance level of the project in order to get the total risk degree. Lastly, we provided our suggestions into risk coping and managing for other real estate enterprises.