A Study On The First Phase Of Risk Management Of Angola DUNDO Project Company A

In recent years,with the rapid development of China's economy,the national living standard has been greatly improved.The process of urbanization in China has also been developed by leaps and bounds.The construction industry has gradually become a pillar of the national economy.With the further rise in house prices,construction enterprises have been vigorously developed.With the issue of national and local government departments related regulatory policies,the construction industry and property market gradually cool down.At present,the profits of domestic construction market enterprises are gradually declining due to soaring land prices,and bank loans pressure.When the overseas construction market has higher profits,many construction enterprises have begun to try to expand overseas markets.Nowadays,the demand of overseas market for enterprises is higher and higher,which requires enterprises to further improve their comprehensive strength so as to cope with the increasingly competitive environment.Taking into account the existence of the government,overseas project owners,project resource allocation and the interests of enterprises and other aspects of the situation,the current EPC(Engineering Procurement Construction)general contracting mode has gradually become the preferred mode of overseas projects.Compared with the domestic market,the overseas market faces more risk factors and is more complex.The key to the success of overseas projects is whether companies can reduce the risk factors they face.This paper firstly introduces the related concepts and contents of EPC general contracting model,risk factors of overseas projects,and then analyzes the risks existing in the early stage of A project construction and the risks existing in its construction process.Finally,we find the main risks faced by the project,among which the most important risks are quality risk and duration delay risk.Whether the enterprise can effectively control these risk factors and reduce the risks faced by enterprises is the key to the success of the project.Enterprise risk management is firstly analyzed and identified by the risk management department who will build the risk early warning system to monitor the risk.Secondly,the department will put forward risk management measures and coping strategies.From the angle of the enterprise itself,it can better improve the internal management of the enterprise and do a good job of risk transfer.Finally,it also points out how the enterprises can avoid the delay of the construction period as a result of their own reasons,and stresses the importance of the project claim and how to do the project claim work.This paper puts forward some new thoughts and exploration for the further establishment of risk guarantee system of A company,and also provides reference for A company to undertake new general contracting project of overseas project.