Research On Project Risk Management Of U Project Of B Company

As the development of China’s automotive industry continues to make breakthroughs,project risk management is gradually being emphasized in the process of development of China’s automotive industry.This paper illustrates how project risk management is implemented in Company B based on the U project I am in charge of,in which it is worth sharing that except for time risk,which is managed separately in Company B,other types of risks are managed by quantifying them into risk values as much as possible,which simplifies the workload and difficulty of risk management to a certain extent.Firstly,start the risk identification with three risk areas selected for study in this project,namely the market risk area,the supplier risk area and the design risk area.Market risk was identified by using tools such as contract checklist,PESTLE,and five forces model;supplier risk was identified by using tools such as financial audit,supplier technical review,and supplier monthly assessment;while in the design risk area,design checklist,DFMEA,DRBFM,and patent check were used to identify risks.After the above identification,a list of risks for the project in these three areas was formed.Secondly,risk analysis was performed by introducing the definition of risk value,classifying high and low probability of occurrence and impact during qualitative analysis,and then quantitatively for individual risks and outputting risk values for individual risks after considering the cost of risk measures for management purposes.In addition to managing the individual risk values,the total risk value of the project is also evaluated to determine the total risk of the project,which is one of the important performances of project management.Next,after the risk analysis is performed,the strategic selection of risks and opportunities is used to develop the countermeasures for each risk item one by one,and the corresponding plan is developed based on the measures,and details such as the responsible person and the planned completion date are decided.The development of risk measures also brings about changes in risk impact or probability of risk occurrence,so a new table of risk values is formed,and the final total risk value of the project is evaluated based on the results of the implementation of risk measures.Finally,in the monitoring phase of risk,two tools of the company are detailed,the project phase review report and the experimental release report,through which a high probability that the risks during the operation of the project will be detected in time and required to take appropriate countermeasures.