Research on Three-Dimensional Description and Measurement of Government Investment Project Risk
With the increase in the size of government investment projects, an increasing number of uncertain factors are involved and the risks are increasingly complex, the project risks can accurately describe and measure the project will directly affect the investment decision-making and project management. To this end, respectively, analyze two-dimensional method and multi-dimensional method and Put forward a three-dimensional description method, describing project risk thoroughly from the probability, losses as well as manageability. On this basis the risk function is established, and finally an example is given. The results showed that three-dimensional structure not only take into account both qualitative and quantitative, at the same time taking into account the subjectivity and objectivity of risk, a more accurate reflection of the true face of government investment project risk.
R. G. Ding et al., "Research on Three-Dimensional Description and Measurement of Government Investment Project Risk", Advanced Materials Research, Vols. 108-111, pp. 741-746, 2010