Risk Management Of Power Grid Construction Projects

Power grid construction is closely linked with national economic development and people’s basic needs. For more than30years, China’s rapid economic development, people’s living standards are steadily moving towards a well-off society, all trades need better quality of electric power supply. The needs set new requirements to build a world-class, leading domestic electricity network.Yunnan Power Grid Corporation vigorously strengthens the power grid construction investment to make power industry become the pillar industry in Yunnan Province by completing an investment of15.104billion yuan and13.3billion yuan respectively in2009and2010.In the first year of12th Five-Years Plan15billion yuan will be invested to further improve network architecture. In large scale power grid construction risk will increase significantly. Past risk management methods can not meet the needs of the advances in technology and project management, we need a systematic and scientific methods to control risks in projects, these needs has become an inevitable requirement.In actual power grid construction projects, due to the lack of risk management system, project participants will not focus on risk management and control.Management organizations rarely set up specialized risk management departments, Therefore, risk management been marginalized in the system of project management, and management systems lack the appropriate risk management process, quality of risk management depends entirely on the level of practice for project managers.The Controlled Risk Management is the most common method of power grid construction projects in the previous.However, In the background of technological progress and the development of standards for power grid construction,project managers facing a lot of pressure from various aspects of the social,legal,cultural and technical in power grid construction projects,Controlled Risk Management gradually reveal its flaws. Therefore, without accurate analysis and assessment of risks, managerial staff can not fully avoid construction accidentsThis article did some research and studies on improving risk management system for power grid construction in Yunnan Power Grid Corporation.Combined with actual situation of Yunnan power grid construction projects,seek source of power grid project risk and the way to deal with it, summarizing, analyzing, quantifying risks of power grid construction in the course of each stage.On the basis of risk analysis, projects owners put forward risk management strategy and requirements.