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Study on Extension Analysis of Risk in Real Estate Project and Risk Culture Management
Author: ZhangXiaoBing
Tutor: LiuJunE
School: Hebei University of Engineering
Course: Management Science and Engineering
Keywords: real estate risk management extension project variable weight risk culture
CLC: F293.3
Type: Master's thesis
Year: 2009
Downloads: 63
Quote: 0
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Abstract
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Real estate investment is an activity with high-income and high-risk. In our country real estate market develops imperfectly, policies and regulations are very unsound, so the managers are lack of risk awareness and the risk management levels are rather low. In recent years the state’s macro-control to real estate industry have stepped up, while financial crisis caused by prime crisis broke out in 2008,which causes that the risks in real estate project increase greatly .Therefore, the study on risk management of real estate projects has important practical significance.Based on the project of“method and case research of security risk management in total life cycle of construction project”financed by ministry of construction, the paper introduces extension engineering method into risk management and explores a method system about risk analysis and prevention. Firstly the paper introduces the basic theory on risk management of real estate project, and analyzes the problem existing in risk management of real estate projects. Secondly the paper describes basic theory on extenics, and then analyzes its advantages. Thirdly the paper divides real estate project into investment decision-making, preparation, construction and sale or leasing four stages, and analyzes the risk in every stage based on extension identification method. After that, considering the probability, losses, predictability and manageability of risk factors, the paper creativity constructs risk assessment model based on matter-element model and extension set theory. At the same time, taking into account the balance of risk factors, the paper builds extension variable weights method. Fourthly the paper studies the risk culture in real estate project to prevent the risks. Finally, the paper takes yishang international project in Handan city as an example, which proves the model is feasible, also can improve the level of investment decision-making.
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CLC: > Economic > Economic planning and management > Urban and municipal economy > Urban Economics and Management > The real estate economy
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