A Study Of Risk Management Of Construction Projects Overseas

With the development and expansion of domestic enterprises and China's accession to the WTO, more and more domestic enterprises begin to enter the international engineering market to participate in overseas projects, and has owned much more market share, at the same time, the trend of International Project Management in countries around the world is increasingly obvious. The trend of an international projects brings management difficulties, which is mainly manifested in the difficulty of project coordination according to the differences of customs , habits and legal background in different cultures and economic systems. However, inspite of the tremendous progress made at the same time, we must also recognize that as domestic enterprises just begin to enter market overseas, they are not familiar with the conditions and rules in foreign markets, which contain great risks in overseas construction projects, therefore, it is necessary to do research related to the risks of projects overseas.First,based on the analysis of the research of the implementation of China's engineering projects overseas at the stage nowadays, this study clearly suggests the purpose and significance which is according to the characteristics of overseas projects, to provide ideas of the risk identification ,risk assessment and the measures to controll risks in project overseas, to find a quantitative method for the risk assessment, and to provide more effective support for decision makers. Then do research in the related research results of risk management at the stage nowadays according to the study of the predecessors at the same time, and find the entry point for improvement. In this section, this paper also will give the outline of the specific contents and methods of research in projects overseas and the innovation of this paper.The main part of the study is in five aspects: First, focus on the study of the characteristics in overseas projects to lay a good foundation for solving the problems.Second, based on the status quo that there is still not a mature way for the identification of risks, the paper introduced a variety of practical ways for decision makers to identify risks.Third, by the use of QFD , establish a clear link between the risks and the project success to facilitate the following decision-making tasks. Fourth, establish the model of assessing the risks. By using ANP sorting method, make the project success as the overall objective to sort the risks contained, give the quantitative statics of the sorting of risks to the current decision-makers, and shows the application process of the method combined with a case to verify the validity and practical significance of the scientific research. Fifth, put forward the possible preventive measures and the strategies to treat risks.At last,the paper gives a summary of the full text, points out the conclusions and the prospect of further study in the subject.