| Title |
Analysis of the Importance of Risk Factors through the Asian Development Project |
| Authors |
Song Young-Han ; Lee Jeong-Seok ; Kim Jeong-Hack ; Kim Jae-Jun |
| Keywords |
Risk Factor ; Risk Importance ; International Construction ; Development Project |
| Abstract |
Recently, domestic construction companies have been moving towards overseas markets due to decreasing orders and an increase in competitiveness within the domestic market. However, there is a higher risk involved in the overseas construction industry than in the domestic construction industry. In addition, the investment development business, which is becoming an alternative way for many mid ?sized enterprises to enter overseas markets, has high earning rates. However, the risks are also high. Consequently, if a business claims bankruptcy, it will carry a substantial impact within the industry. Therefore, the effective management of risks is the most important factor when deciding whether a business will succeed or fail. Hence, this research will mainly deliberate the investment development business in Asia; it will present a system that can be used for taking a triangular position to the management of risk, as deducing risk factors and analyzing it. Furthermore, it will help to manage risks more effectively, by analyzing the importance between the factors involved and risks in advance. |