TITLE:
Top 10 Key Risk Factors of GZA Project Implementation Are Identified with Analytic Hierarchy Process
AUTHORS:
Jiangping Wan, Guangwei Pan
KEYWORDS:
GZA Project, Risk Factors, Analytic Hierarchy Process, Wuli-Shili-Renli Methodology
JOURNAL NAME:
Open Journal of Business and Management,
Vol.2 No.3,
July
2,
2014
ABSTRACT: This paper has established the implementation process of government investment project-GZA with Wuli-Shili-Renli methodology. The risk factors of three levels in GZA project implementation process are identified with literature survey and expert investigation method. The risk factors evaluation model based on Analytic Hierarchy Process to evaluate the risk factors of GZA project is also established. The conclusion is that the most important primary risk factor is the forming target stage. The secondary risk factor is the decision risks. The top 10 key risk factors are in the following: scientificity, policy supporting, design quality, supervisory mechanism, drawing, costing, budget control, organization structure, personnel quality, democratic participation. The study attempts to facilitate designing the specific strategy to avoid risk in order to improve the GZA project implementation.