Risk Management Research On W Company Drilling Equipment Project

In the past years,China's rapid economic development,including the enterprise scale,business projects increasing both in numbers and types.In the process of implementing supply-side structural reform,our economy gradually develops from the barbarian,simplification and environment un-friendly pattern to the scientific,diversified and environment friendly way.This is to achieve the long-term healthy growth of China economy by optimizing resource configuration and enhancing both quality and scale of economic.Which puts the huge requirements for the management mode of Chinese enterprises,especially to the detail project risk management for numerous companies.The development of the real economy depends on the execution of various projects of enterprises,while the ultimate goal of the project is to harvest economic benefits or achieve some specific goals.As a result of the existence of uncertainty in the projects,the risk of project is always inevitable,enterprise managers need to constantly improve the ability of project risk management,deepen the awareness of project risks and develop project risk management skills through project execution,try the best to minimize the negative impact of risks to the project result.The effects of any project to the enterprise are likely to be positive,but it could also be negative,as well as the nature of the project risk itself,the risks to enterprise may be a threat or an opportunity,in project risk management we need know how to identify and analysis risks,planning and executing risk response plan to maximize the benefits of our business.Taking X-project from W-company as a case,by combining the theoretical research and practical case,this paper is going to research the enterprise project risk management.especially in brand new projects which need analysis and consider all kinds of project risk,systematic study the project risk management skills,tools and methods,from the project risk identification,risk analysis,to make risk response plan and monitor the execution of plans.W is a traditional energy industry company,in a certain extent,it reflects numerous traditional Chinese manufacture companies in the active seeking for technology and production upgrading.X project is the best case which shows the struggling of traditional enterprise between the eager to upgrade technology and the fear of uncertainties of new projects.How to grasp the great opportunities through project risk management as a means to minimize the negative impact to project itself and achieve long-term sustainable growth in business is worth to study for every companies based their own conditions and the environment situations.This paper attempts to show the companies facing the similar dilemma on how to establish a relative complete system of project risk management quickly,and share some methods like such as risk structure decomposition?brainstorming and risk analysis matrix in the application of a real case.