Research On The Risk Management Of Malaysia X Group Sinter Project

With the development of globalization, the advantages of Chinese metallurgical engineering companies gradually increased, leading to more and more international projects awarded. Malaysia X Group Sinter Project contracted by Beijing Shougang International Engineering Technology Co., Ltd.(BSIET) is among them. Born out of the planned economy, Chinese metallurgical engineering companies face with new issues in international projects, mainly reflected in the different cultures, different economic systems, different levels of social development and different natural&geographical conditions, leading to new risks because of different legal, government regulatory requirements, market environment, technical standards, environmental requirements and natural and geographical conditions. These risks have the features of large number of inducing agents, complicated interconnections and huge losses etc. As one member of Chinese metallurgical engineering companies, BSIET faces with the same issues. The study of Malaysia X Group Sinter Project risk management is an important basis to ensure the safe&smooth implementation of the project, and is of great significance for the international project management construction of BSIET. It can also provide necessary material for the development of Chinese project risk management theory.Under the basis of summarizing the latest domestic and international risk management theory and research achievements systematically, absorbing the experiences and lessons of previous international projects risk management, surveying generally Malaysia X Group Sintering Project risk factors, a quantitative analysis is made on the risk value and controllability of each risk factor in the own risks of the project by using different project management risk identification and assessment tools. Qualitative analysis method is used for the risk factors which are not suitable for quantitative analysis, and graded assessment is made. Based upon risk assessment results, the risk management counter-measures are brought out for Malaysia X Group Sinter Project.By identifying and assessing the risk factors of Malaysia X Group Sinter Project, risk counter-measures are established, which lays the foundation for the safe&smooth implementation of Malaysia X Group Sinter Project, and promotes BSIET international projects risk management construction. At the same time it provides a reference for future similar projects, also provides necessary research material for the development of Chinese project risk management theory.