Research On The Life Cycle Risk Management Of Zhongyuan Company A Project

2022 marks a crucial year for China to implement the 14 th Five-Year Plan,as well as the ending year of the three-year reform of state-owned enterprises.General Secretary Xi Jinping has repeatedly emphasized that state-owned enterprises must grow bigger and develop steadily.As stated in the 19 th National Congress Report for many times,state-owned enterprises shall continuously improve the construction of enterprise risk system and enhance the capabilities of risk prevention,control,and management on its development path,thus further highlighting the significance of risk management.The State-owned Assets Supervision and Administration Commission of the State Council also issued relevant documents,requiring all central enterprises to strengthen risk management in terms of mechanism,system,technology,information,culture,etc.,and improve the level of risk management.In this way,they are able to actively and effectively respond to the complex and changing situations at home and abroad,and promote their own healthy,steady and sustainable development.Therefore,starting from the risk management of the state-owned enterprise Zhongyuan Company that undertakes military projects,borrowing experience from previous literature,with Project A undertaken by Zhongyuan Company as the research object,the life cycle project management method under the framework of project risk management theory is adopted to plan,identify,evaluate and control the risk management of Project A.Using the Delphi method,risk probability,and impact matrix method,the risk degree calculation formula is utilized for carrying out qualitative and quantitative analysis of the risks identified.According to the analysis results,the life cycle risk is controlled with this method,and the project is completed on schedule,proving the effectiveness of life cycle risk management method.Project A is a typical case that explains how state-owned enterprises in the shipbuilding industry conduct risk management of equipment projects in the new era.In the early stage of the Project,relevant experts were organized to demonstrate its technical and economic feasibility.As the life cycle risk management research went deeper,the risks of Project were analyzed and assessed.A total of 10 risk events were identified,including two major categories: risks with low probability and high impact,and risks with high probability and low impact.These risks cover technology,expense,progress,and security.They were controlled in a targeted manner,and finally the occurrence of various risks was avoided or the probability and impact of their occurrence were reduced,successfully completing the Project,and demonstrating the importance of strengthening life cycle risk management of projects by state-owned enterprises.For the problems found in this study,such as imperfect risk management system,incomplete risk database,unclear processes,inadequate attention to risk management,and insufficient risk management knowledge and ability,the following measures are adopted: First,state-owned enterprises should build top-level design and organizational structure with risk management control as its core,and improve the risk management system.Second,state-owned enterprises should establish a project risk management system based on the entire scientific research cycle as soon as possible,which can promote the scientific,rational and operational project risk management of Zhongyuan Company and greatly improve its project risk management level.Third,state-owned enterprises should strengthen risk data analysis and information use.Fourth,state-owned enterprises should continuously strengthen the risk management awareness of middle and senior management and project management executives of Zhongyuan Company,organize management improvement activities such as management research and study,integrate risk management into the corporate culture of Zhongyuan Company,further carry out more risk management publicity activities,and truly integrate the idea of risk management into routine work of its employees by organizing group learning,Risk Management Publicity Month and other similar activities.