Research On Project Risk Management Of Automotive Components

In this paper, the complex system of auto parts project development and risk management are discussed by showing T Company’s project risk management system as an example. There are many uncertainties in the process of project development, which will lead to the risk of loss. By implement of project risk management system, company can reduce the uncertainty of the project development process, reduce the time and cost of the project development, and deliver the product to meet customer quality requirements, so as to improve the efficiency of the project.Project risk management is usually divided into four steps, risk identification, risk analysis, risk response and risk control. In this paper, the method of qualitative analysis is used to discuss the risk of project development. Firstly, through interviews and expert discussions, the main risk types and risk factors are identified, the risk is identified by using risk correlation matrix and Risk Breakdown Structure. Secondly, risk groups and risk factors were weighted by team discussion, risks were calculated and ranked according to Analytic Hierarchy Process Method. Third, according to the results of the risk ranking, different response measures were used for these key risks. Fourth, three different risk control approaches were implemented to monitor risks during project development. And finally the effectiveness of risk control was evaluated.Through the comparative analysis of the theory and method of project risk management, this paper summarizes the practical experience of project risk management, combined with the current situation of risk management in the actual project development. It’s the way to find a reasonable process for risk management. It provide a reference for other domestic automotive component enterprises to establish similar processes of project risk management.