use the theory of risk management to discuss and analyse the the risk of construction project in five branch:risk identification,risk evaluation,countermeasure selection,the countermeasure's carrying out and the result checking.

Function and execution of project insurance in project risk management

In this paper, the compare of engineering insurance and engineering bondwhich are the most common tools of risk diversion in international is made, combining with the out-standing problem in construction field, some suggestion that how to develop project risk management ofour country are suggested.

The most basic content of project risk management is to make each party of the construction project realize clearly what kinds of risks there exist, and how to value and deal with them.