The Study Of International EPC General Contract Project's Risk Management System

In the engineering practice of international general contractor market, the EPC general contractor's profit have increased, and their contractual rights are strengthen while have borne more risks at the same time. Therefore, the establishment of international EPC general contract project risks management system which has international standards, suited to China's national conditions, and effective for huge investment, high risk, long-cycle risk management of modern large-scale project have great significances.This paper based on a comparative analysis between domestic and international risk management research, from the enterprise's overall risk management theory, project management theory, systems engineering theory, divide the international EPC contract risk management system into risk management environment system, risk management objectives and institutional system, risk management process system and risk management methods system four parts. It focus on risk management processes, methods system, and established an risk management system as the main content, then, use the fuzzy evaluation method and Monte Carlo simulation to set up a mathematical model, and use the EPC competitive tender cement project of Saudi Arabia as an empirical case study.Moreover, this paper brings forward its opinions of how to construct a risk management system. First, to the consider of risk management process, the whole system is divided into two parts: risk database and expert system. risk database achieve the basic data storage and relevant literature studies of construction projects, expert system contains expert information database, risk identification subsystem, risk evaluation subsystem, risk treatment subsystem and risk control subsystem, and then, starting risk factors classification and grading from different risk dimensions to the project during its implementation process, and on this basis the major risks of the proposed project factors were coded in order to facilitate the use of mathematical models behind. This risk management is a dynamic process, not only have the classification and analysis of real-time information and data, but also have historical data's update and improve, at the same time, the use of modern computer information technology enables the integration and systematism of risk management more possibility.