Methods and Applications of Risk Analysis on Construction Project Cost
The risk evaluation for construction projects is to provide a fluctuating range of the budget of investment and to evaluate the possibility of carrying out such practice under various factors affecting the investment amount. In this paper, the steps and methods of risk analysis on construction project cost are explored and researched. For example, the cost of construction project of Novo Nordisk TEDA Bio-plant is evaluated with the quantitative method of the following parameters, such as the minimum investment, maximum investment, most feasible investment, probabilistic distribution of investment, changing of investment limitation, and etc. These parameters can be used as basic or major references for the project closeout report and risk management.
construction project risk analysis on investment risk management
Cheng Dewen Wu Yuhua
School of Management, Tianjin University, Tianjin 300072;Center of financial Management, Binhai New School of Management, Tianjin University, Tianjin 300072
国际会议
The 1st International Conference on Risk Analysis and Crisis Response(首届风险分析与危机反应国际学术研讨会)
上海
英文
98-102
2007-09-25(万方平台首次上网日期,不代表论文的发表时间)