Research On The Countermeasure Of Risk Management In Overseas EPC Projects Of BSIET

With the development and expansion of domestic enterprises and China’s accession to the WTO, more and more domestic enterprises begin to enter the international engineering market to participate in overseas Projects, and have their own much more market share. At the same time, the trend of International Project Management in countries around the world is increasing obviously. The trend of an international projects brings the management difficulties, which are mainly manifested in the difficulty of project coordination to the differences of customs, habits and legal background in different cultures and economic systems. However, in spite of the tremendous progress made at the same time, we also have to recognize that as domestic enterprises just begin to enter market overseas, they are not familiar with the conditions and rules in the foreign markets, which contain great risks in overseas construction projects. Therefore, it is necessary to do the research relating to the risks of projects overseas.For risk management of overseas EPC project, this paper analyzed the implementation of overseas projects and present status in first stage, clarified the purpose and significance of this study, the characteristics of overseas EPC projects, and identified risk of identification, risk of assessment, risk of response and other issues to provide solutions for quantitative risk of assessment, in order to find a way to provide policymakers with a more effective support, in full previous results learning to find the starting point for improvement. This article is from three aspects:Firstly, described Shougang International Engineering Company and its overseas EPC projects. Then, it analyzed the pellet project in Malaysia as an example. Finally, it concluded the risk management measures for EPC project overseas of BSIET, presented the risk control methodologies, and provided to a company even for the leading company in metallurgical industry to go abroad overseas EPC contract project risk management measures to develop feasible solutions and useful experiences.