WBS-based Risk Identification for the Whole Process of Real Estate Project and Countermeasures

Abstract—The real estate industry is high-risk typically. Real estate project itself has the characteristics of large investment, long cycle, complicated construction technology and susceptible to environmental interference etc. Therefore it is a critical process to identify types and causes of risks, strengthen risk management of development projects to ensure the purpose and goals for enterprise to achieve the steady development. The paper used Work Breakdown Structure (WBS) approach. Made factor analysis, worked breakdown a project into four different stages respectively, the initiation stage, the design and planning stage, the implementation stage and the finishing stage. Quality managed all real estate project factors and identified the major existing risks to achieve risk management process control for real estate project