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With the development of worldwide economy and escalating competition in global electronic product market, one of the most important strategies is to enlarge company scale and improve efficiency via corporate consolidation. How to control risks, and realize merge and consolidation smoothly without impacting the normal business operation becomes prominent, especially in assembly and test manufactory.The objective of this article is to show research and implementation of project risk management base on PMBOK in process equipment installation during factory merge and consolidation.First of all, this article presents the process flow of the project risk management. Then follow the process flow, set up risk management plan with the inputs from company environment factors and organization process assets as well as project scope description etc. After that, use brainstorming, checklist, fishbone diagram etc. methods and tools to identify risks, come out initial risk register file. And then, base on pre-defined criteria, evaluate the probability and impacts for each identified risk, use probability and impact matrix to calculate each risk exposures, and prioritize all risks base on the risk exposures. For the high possibility high impact risks, use quantitative analysis method such as decision tree and statistics method to evaluate them and if necessary, re-prioritize risks. Then, utilize appropriate risk mitigation method for prioritized risks, come out the risk mitigation plan. Finally, monitor implementation of risk mitigation plan and improve risk management plan during project execution to reduce project risk impact.With implementation of risk management in this project, team members got to know about concepts and knowledge of risk management, established valuable risk factor database and mitigation plans. The project risks were controlled and managed effectively, the merge of the factory accomplished successfully per plan. At the end of this article, key learning is summarized and advices are given which could be utilized on other similar projects.
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