Research On The Risk Management Of Equipment Purchasing Of Valve Springs New Project

This paper studies all equipment purchasing links in Baowu Group valve springs new production line project and works out a systematic analysis in order to lower purchase costs and reduce risk losses.Valve spring is a totally new product in the industrial area of further-processing wire throughout Baowu Group;and also unique inside China.Baowu Group needs to set up a new factory and import a new production line for bulk production of valve springs.Taking equipment purchasing in valve springs new production line project as an example,this paper identifies the risk of purchasing foreign equipment,analyzes and evaluates the nature of risk,predicts risk possibility and puts forward practical and useful preventive measures.This paper studies project risk management according to procedure of risk management:risk identification,risk evaluation,risk coping and risk monitoring,with a subject of equipment purchasing in valve springs new production line project.Based on theory of project risk management,this research presents practices of Brainstorming and experts' marking and sets up hierarchy analysis model so as to identify and evaluate project risk.In the end,corresponding measures are put forward to the most likely risk of equipment purchasing in valve springs new production line project and suggestions are made to monitoring project risk.This article provides you with a brief introduction to background of valve springs new production line project in Baowu Group,and presents the necessity of studying the risk of purchasing equipment.With an elaboration of project risk management theory,this paper goes deeply into four stages of project risk:identification,evaluation,coping and monitoring and applies Brainstorming to identify the risks of equipment purchasing in valve springs new production line project.As a result,I draw a conclusion that risks could be classified into six categories of environmental risk,policy risk,operation risk,international trade risk,market risk and credit risk.Based on this,the research applies experts' marking and fuzzy comprehensive evaluation to analyse and evaluate its rationality and also presents relevant achievable measures to project risk and work out a contingency plan as well as project risk management process in order to monitor risk.