Coal Based Olefin Project Of DT Company Financial Risk Control Research

The coal-based olefin project which in Duolun county in Inner Mongolia is developing at high speed under the "power-based,multi-collaboration"strategy of XX group.The development prospects of this project are very broad,it is the group's first investment in the construction of large coal chemical projects,with features of "two types and four heights"(high input,high output,high-tech,high value-added,intensive type,environmentally friendly type),is the demonstration project of coal chemical industry olefins(MTP),the encourage project of national energy development strategy and industrial policy,will significantly impact the promotion of coal chemical industry downstream extension,comprehensively improve the utilization level of coal resources,eliminate the contradiction of China's oil shortage.Continuous operations,stronger and bigger,the pursuit of shareholder value maximization is the modern diversified enterprise development projects to achieve the business objectives,the implementation of effective risk prevention and control is a strong guarantee for the ultimate realization of the above objectives in the actual business operations during the project,and therefore how to implement effective prevention and control of risk management has become the issues and problems thought about by manager for a long time.This article will take this as the main content;make a coal-based olefin project risk management research.First,this paper bases on the coal-based olefin project financial risk management and control processes in the actual situation,to find out the project financial risk management and control problems in the process,and do the financial risk causes analysis of the project.Identify risk points:First,the management of the project material is not in place;second,the control of the project estimated investment is inadequate;third,the management of the project design change is lacking;fourth,the control of the project provisional estimate is inadequate;fifth,the prepayment cleaning work of the project is not timely.Second,based on the identification of risk areas in certain coal-based olefin project financial risk management and control,develop the project risk control program.First,build project organization,clearify related staff responsibilities,establish settlement management system;second,the whole process of project tracking management:During the project material procurement,should control demond and plan,control storage material procurement approval procedures,project management and estimate control;third,establish and improve the overall project budget management,fourth,improve the management and control of project funds.Continuous operations,stronger and bigger,the pursuit of shareholder value maximization is the modern diversified enterprise development projects to achieve the business objectives,the implementation of effective risk prevention and control is a strong guarantee for the ultimate realization of the above objectives in the actual business operations during the project,and therefore how to implement effective prevention and control of risk management has become the issues and problems thought about by manager for a long time.The paper take a coal-based olefin project as a starting point,considering the financial risk character encountered in the project,rising a specific control programs,hoping to provide a reference and contrast role of other coal-based olefin project in financial risk management and control work.