Jilin Petrochemical Co420000Tons/Year Acrylic Expansion Project Risk Management Research

In recent years, Petrochemical Company’s construction of projects has been speeding up and quantity of projects has been increasing sharply than ever before and its petrochemical industries have grown dramatically. The transformation of expanded projects has been taking place step by step from passive management lacking of plan to project management that could be controlled actively. In the process of technical innovation and application, the administrative staffs of Jilin Petrochemical Company wish to implement risk management for specialized projects and more comprehensive management for risk of expanded projects, lifting the level of management for construction of expanded projects with their abundant managerial experiences as well as professional knowledge, ensuring the accomplishment of target projects. We should master and study deeply the knowledge and methods and techniques of construction supervision and provide first-rate services for construction of expanded projects within Jilin Petrochemical Company in the face of market demand.This article, firstly, has introduced the concept of projects and risks. The article has discussed the process of risk management for whole expanded projects within Jilin Petrochemical Company with the aim at fundamental research of risk management of projects, analyzed6specific process of risk management of projects and studied the techniques and methods applied in each process. According to project environment and essential characteristic, in the article, the theory of risk management has been applied in expanded projects within Jilin Petrochemical Company. In the article, the identification and forecast in details have been made for risk factor in expanded projects, comparison and selective use of techniques of risk appraisal in difference and methods have been made as well. The article has summarized some new experience and methods for discovery, identification, appraisal and control of risk, which has certain guiding significance for the theoretical application of risk management of expanded projects in practice within Jilin Petrochemical Company.