The Risk Management Research Of Oversea Telecom Engineering Bidding Project Based On Process

Be encouraged by the “Going abroad” policy of China Government,more and more Chinese Enterprise entered into Oversea Engineering business.Benefit from the huge development of telecommunication industry,and rely on the accumulation of advanced technology for years,the China Telecom Enterprises have reached a leading position over international market.The oversea project is facing very complex risk comparing demotic market,due to the long project lifetime,huge project size,and many stakeholders.It is especially vulnerable to be affected by the international environments and many destination country factors,such as politics,economics,and society.On the other hand,the experience has not fully accumulated in past oversea projects,the capacity to manage risks in development and bidding phase is insufficient,and leaves so many risks to implementation phase.So it is important to research the risk management of overseas bidding project,and to propose one systemic and efficient method,for Chinese Enterprise,which aim at participating in overseas markets,improving the risk management competence,protecting the interests of the company.The roadmap of this research follows background study,raising problems,analyzing problems,and solving problems;the methodology is expert interview,case study and lesson learning,summarizing and Classification method,and literature retrieval;and according to the experience in overseas bidding project,the author start the research on bidding project risk management,and propose the method named risk management base on process.This paper focuses on two key aspects of the bidding project,one is the internal bidding process,the other is the risk management,and analysis the positive affect of process for bidding project management and control.In bidding process part,has introduced the Opportunity Lifecycle Process of Shanghai Bell,the organization and bidding team establishment according to the process;define clear responsibilities matrix,assign employee as per role function;and describe the risk management process base on OLP.In the risk management part,divide the risk management process into four procedures,such as identification,analysis,evaluation and treatment.Firstly the paper introduces the principles and methods of risk identification and classification,according to WBS method,the risk is classified to three levels,3 items of class I,13 items of class II,and 16 items of class III;and prepared case study for each detail items.Secondly,the paper introduce the method and procedure of risk analysis and evaluation,focuses on the risk matrix analysis method which is widely used in bidding project;finally the paper presents the risk treatment strategy,such as avoidance,reduce,transfer,and accept.The case of Bangladesh Fix Network is adopted to demonstrate how to make risk management based on the bidding process,and ensure that risk is under control before submit the offer.At last,some suggestions are proposed for telecom enterprise to build the competence of oversea bidding project risk management.