There is a discharge control feature of construction diversion system with the upstream operational reservoir. The risk evaluation model of construction diversion is established by taking into consideration the risk factors of construc- tion diversion system with discharge control feature as well as their composition. And the risk factors include the up- stream operational reservoir discharge control, the interval flood and branch flood and the diversion system itself. And then based on analyzing of the conversion relation between risk index and investment index of diversion scheme, the risk control and conversion principals of diversion system are put forward, and the feasible diversion scheme model is built. At last, the risk and economic evaluation and scheme economic feasibility analysis method of diversion scheme are shown by an example of construction diversion scheme optimization with the discharge control condition of upstream hydropower station. The study is valuable for establishment and optimization of construction diversion scheme with upstream reservoir discharge control.