The Planning of Risk Management Structure on Property Development in the Building Industry

• Main Authors: Michael, 林振成
• Other Authors: 田耀遠
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/66793143736902204855

碩士 === 中國科技大學 === 土木與防災應用科技研究所 === 97 === Abstract Keywords: Building Industry, Investment and Development Stage, Property Development, Risk Management The building industry is regarded as a high-risk investment sector. It often requires a huge amount of investment, and is affected by factors such as internal and external environmental changes, impact of economic conditions, and the balance between market supply and demand. It also requires highly technical capabilities and is subjected to many regulations. However, what has been witnessed in the local building industry is that during a building boom, many new entrants rushed into the market all at once and caused market over-supply, but during an economic recession, several companies would go under. Therefore, in terms of sustainable running of the building industry and effective utilization of capital, one must take into consideration the effects of changes in the external environment and internal condition when evaluating an investment project, as well as carefully assess investment risks and returns in order to make an informed decision. In view of this, this study looks to focus on the section known as “investment and development stage” within the architectural project life-cycle (investment and development stage, production stage, transaction stage, and utilization stage), and take the property investment decisions which have “investment and development stage” as a larger share in companies’ operational profit, as the topic of this study. It is aimed at constructing a risk management method for property development projects in the building industry for more effective decision-making. This study starts off by using ISO31000:2009 Standards as the basis for constructing the method, and then goes on to explain the meaning and content of various steps within the method as well as areas to look out for during its application, and wraps up by providing useful tables for effective execution of the risk management method. The risk management method formulated by this study can be applied by the building industry in managing risks during the investment and development stage, and will help to achieve better results.