F Corporation-Study On The CS Project Risk Management Of Overseas EPC Mode

With the global trend of economic integration and the "One Belt One Road" development strategy of china, appealed by the "Go globally" strategy of party central committee, combined with the domestic industrial structure upgrade, more and more Chinese enterprises begin to go abroad, towards international construction market, participate in international competition, the international engineering contracting business has become the major markets of world’s largest construction company in the international competition. But the political, economic, cultural, legal, environmental etc. differs considerably from country to country, the project advancing process will face many risks. In the process of "Go globally", risks and opportunities coexist. Chinese enterprises must have awareness of global rules, do a good job in risk precaution for both investment and project management, and promote enterprise’s core competitiveness.EPC is a popular project management mode of international construction market, the contractors are better able to obtain economic benefits, but it also brings huge risk challenge to the contractor, if the contractor cannot effectively control risks during the whole process of the EPC project, then the contractor may face the risk of large losses. In Particular, the international engineering EPC project generally have the characteristics with more project stakeholder, type of risk is diversified, risk dynamic changes frequently, technical sophistication and uncertain risk factors etc., thus project risk control is of great difficulty.In this paper, from the contractor’s perspective, based on F company to undertake overseas EPC project CS, for describing objects. The project is located in the relatively under-developed South Asia island country Sri Lanka, where there are poor infrastructure, lack of resources, and nasty social and natural condition. Through analyzing a series of risk problems of the whole EPC project from bidding to handover, many problems encountered in the process of project risk control of CS are discussed, from the perspective of the whole process of risk management for international EPC project risk management method and strategy, and the solution for risk problems for CS in the case is given. Finally, advices for overseas EPC project risk management are provided with practical experience.Rick management is a complex issue, so further exploring of the risk factors faced by the contractor of EPC general contracting business in the overseas market and building the system for overseas contracting project risk management will contribute positively and practically, for Chinese contractors to expand international engineering EPC contracting business and avoid project risk.