Research On F Company GV Component Project Risk Management

The automotive industry is one of the largest industries in the world. Its rapid development drives the upgrade of worldwide industrial mechanism as well as the improvement of the related industries. Among all the related industries, auto parts industry is affected the most. In order to be able to follow the entire auto industry development and plan a long-term and healthy prospect, auto parts companies must be based on the optimization of project development. Make sure that the result of development is in line with the market and the needs of users.Project is the future of the company. The successful project management will help its long-term and steady development. But there are many uncertainties in the project development process, which brings certain amount of difficulties. It is beneficial to make the right decisions even during the complex process of project management by establishing a scientific risk management system to identify project risks and evaluate according to the type of risks. Eventually, it will help the success of project development with planned targets, improvement of the customer satisfaction, bringing more opportunities and raising the competitiveness and market position for the company.F Company is a French wholly-owned company of auto parts enterprises, headquartered in France, which includes 13 kinds of product lines, F Company located in Changchun City, Jilin Province, which owns one of the product lines to produce automotive air conditioning compressor. It is a company range at components development, production, sales and after-sales service as well as providing compressors for the various well-known OEMs. GV component project was launched by F Company in Dec. 2013, which is an important projectproviding an opportunity to cooperate with a new customer Geely Volvo. The expected Start of production time is in May 2017.This Paper research on how to avoid risks, how to quantitatively identify and detect risks through the new customer oriented project development process and Risks-type-based integrated assessment system. By setting the phase of off tool sample preparation of GV Component Project as the study range, this Paper makes the systematic and detailed identification and assessment on all types of main risks regarding product design & validation, supplier quality and suppliers management, economic & cost indicators, project organization & resources as well as project planning. Moreover, the measurements for the main risks are proposed in order to achieve the expected targets after risks analysis. Finally, the improvements in risk management are further proposed as the implications of risks management coming from F Company GV compoment project. Those improvements are focusing on enhancement of project preparations before new business award from customer, conducting of project risk monitoring & control activities, promoting of backward integration for key compoments, establishing of long-term supplier development and integrated assessment system as well as reinforcement on competences & performance evaluation and motivation mechanism for Project Memebers. Final target is to upgrade the level of project risks management for the company.