A Study on the Risk Factors and Management Plan of Knowledge Industry Center Development Project

Abstract

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose of this study is to preemptively explore the risk factors derived from the development process of the Knowledge Industry Center, which has recently been in the limelight as a new development project product, and to derive risk management measures for them. (2) RESEARCH METHOD As a research method, multi-level decision-making techniques (AHP and Fuzzy-AHP analysis methods) were used to analyze the importance of risk factors in each development stage and to derive risk management plans. (3) RESEARCH FINDINGS Risk management measures in order of importance include securing a construction company with recognition and brand, monitoring policy trends and adjusting business timing by development stage, establishing and verifying plans in preparation for product demand, blocking disputes through guarantee insurance, etc., and reducing risks through interest sharing. 2. RESULTS As a result of the analysis, it was confirmed that the overall importance of AHP and Fuzzy-AHP adjusted overall importance were similar in rank by risk factor. The top 5 risk factors as a result of importance are failure to secure a construction company with high recognition and brand, marketing planning, failure to select a project start time due to failure to predict the real estate economic downturn, failure to set an appropriate development scale that does not consider the future demand of the Knowledge Industry Center, failure to secure business partners (equity investors, financial companies, construction companies), and insufficient funding plan to secure project costs (bridge loans, main PF) appeared in order.