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The Research of Project Risk Management Model of ShangHai BaoYe Group Corporation

Author: HuangHao
Tutor: XieYuHua
School: Hunan University
Course: Business Administration
Keywords: Project Risk Management Risk Identification ABC Classification Method
CLC: F272.3
Type: Master's thesis
Year: 2012
Downloads: 18
Quote: 0
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Abstract


With the scale of construction project expands, the technical complexity increases and the social environment of the projects gradually changes, all kinds of project risks increased remarkably, and the inter-relationship between them goes more complicated. The risk management has become the key factor to the success of a project. Somehow the project risk management turns into the essential part of construction project management. In this condition, the SHANGHAI BAOYE GROUP.LTD, whose main business is the construction installation project, will face one big issue that how to enhance the risk management level through internal efforts.SHANGHAI BAOYE GROUP.LTD has not formed a set of well-developed project risk management system, the success of most risk management depends on the project manager’s management ability. The whole group faces the issues of the lower-level awareness of risk management and the poor quality of the project managers and so on. In order to solve these problems, we should do some research and analyze the case that we successfully applied in the risk management, the typical construction of5m continuous casting project. Combined with the status quo of the risk management in our group, based upon the risk management theory. We can build up a suitable mode of the risk management for this kind of projects.The mode takes the perspective of the project contractor, and applies to the construction and post-evaluation period of the installation project. The core content is about risk management process chart and the relevant project management instrument and methods. In this mode, the risk identification takes the Expert Investigation and Classified identification methods, and perform the ABC classification for the risk factors. On that basis, combined with the project risk responsibility matrix, we can make the proper project risk management-plan. In accordance with the plan, the measures of duel meeting institution and management by diagrams should be taken to execute the risk management and monitor the risk level. Through the successful promotion and application across our group, which can help improve the risk management environment, enhance the quality of project managers, and construct a set of effective risk management system, and thereby the risk management level of the whole group.

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