Analysis to Project Risk Management Decision-Making

Project risk is very anfractuous, that brings a series of problems to project risk management, such as how much are the supreme expenditure and the optimal expenditure on risk management? And if the available expenditure on risk management is deficient, what kinds of risks should be managed firstly? And what kinds of methods should be used to manage these risks? These series of problems are some pivotal problems, which the project risk management should resolve. The paper firstly interpreted the conception of project risk management decision-making, and clarified the purpose of project risk management. And then the paper made an economic analysis about project risk management. Sequentially, the paper elicited a scientific gist for project risk management decision-making. And at last, the paper brought forward a method to solve these problems mentioned above, and gave an example to illuminate the application of the method.