Study On Risks Management Of Sinohydro Corporation International Project

International project is a comprehensive activity integrated with the economy, technology, management, and organization. Along with the rapid development of the world economy and science technology, the traditional and single management for international project had been changed to complicated and uncertain situation as the time went by. Due to the globalized competition, especially at the circumstances of global finance crisis, the international project risks encountered by the domestic enterprises increased in a rapid speed. In the meantime, the international project is the high risks project with the fierce competition and multiple challenges, which need Sinohydro to improve the criteria such as technique, management, financing, flexibility, and so on. The risks management shall be enhanced from the objective aspect; however, the research in China on risks management for international project is in the elementary stage at this moment. Therefore, the further study shall be executed such as the risks recognition, estimation, evaluation, and supervision, which need Sinohydro to enhance the management and control for international project, especially for the project risks.With the guidance of the priority of overseas market, Sinohydro managed to go abroad to execute the construction, economic technology corporation, and investment activities in more than 50 countries and areas, which listed in 50th among the 225 biggest international contractors across the world in Engineering News Record in 2008. Therefore, the fast development and globalization for Sinohydro are urgent due to the huge rise of the income from international business.In order to improve the project management and competition of Sinohydro, to ensure the realization of the management objective, to take advantage of the current theory of risks management, and to combine with the current status on risks management from Sinohydro, the analysis shall be executed such as the countries and areas risks that the international project located, industry risks and the potential risks existing at both external and internal risks of the project; complying with the risks layout, recognition, estimation, evaluation, and the strategy against the risks and the supervision theory; and establishing the preliminary method for risks management combined with the real interest of Sinohydro.Finally, through the problems existing at risks management from Sinohydro, the further analysis shall be executed to establish an effective risks management system, to enhance the risks recognition and management, and to improve the risks prevention, which can ensure the strategic interest of Sinohydro, boost the profit and sustainable development, and improve the internationalized competition and provide the inspiration for domestic construction enterprises.