Epc Mode, Project Risk Management Studies

The EPC (Engineering, Procurement and Construct) is one kind of mode including the design, the equipment purchase, the construction, the installment, the debugging, and till the completion of the total contract. As EPC project has enormous economic and social value, in recent years, state departments strongly advocated the development of EPC mode. With high-risk high-yield, EPC project is no exception. The general contractor of the EPC project has undertaken the majority of risks. EPC project risk management standards often determine the success or failure of the project.Therefore, we should pay more attention and study the EPC project risk management. As the study of the EPC project risk management, not only may raise the level of the construction projects management, guarantee the project quality, the investment benefits and the construction market order; but also may strengthen the comprehensive strength of the general contractor enterprise, speeds up connects with the international project contract management; Finally, it will be conducive to the country's infrastructure and economic development.This article based on the project management theory and the project management practice, unified the EPC project characteristic and the implementation flow, and studied several important stages of the risk management which implemented the EPC project. This article separately elaborated the significance of the risk management, such as the project plan, the negotiations stage, purchases and sublets stage as well as the construct control stage. With a comprehensive risk management thinking emphasized the important influence of stage to stage and the entire project process. Simultaneously carried on the risk recognition and analysis of this stage, and put forward the risk management countermeasure.I hope this article will benefit to the project risk management, have certain model significance to the present fast development EPC market.