Risk Generation Mechanism of Complex Product System

CoPS (Complex product system) play a vital role in the modern economy and society, but the risks in CoPS innovation are very high. As the most urgent problem in Chinese CoPS development is how to identify and analyze the project risk systematically, It is necessary to explain the risk generation mechanism based on key risk factors identification, which can establish an organic linkage among risk identification, risk assessment and risk control. The path relationships from risk factors to risk consequences in CoPS innovation, which describe the risk generation mechanism in CoPS projects, are explored with structural equation modeling (SEM). The results of data analysis reveal that not all risk factors have direct effects on risk consequences, and the changes of several risk factors influence the consequences via some other factors indirectly