Research On Financial Risk Identification And Evaluation Of EPC Project Of H Company

In recent years,as the mainstream contracting method in the engineering contracting market—EPC,the engineering contracting mode,has become an important means for construction contractors to improve the competitiveness of enterprises,maintain the profits of enterprises and maintain the sustainable and healthy development of enterprises.However,this mode has the characteristics of long cycle,complex operation,high cost and high risk,at the same time,the project manager’s lack of experience,inaccurate risk factors in the whole process of the project,and the complex environment,which will often lead to the project facing high financial risks,and ultimately the project’s income will be lower than expected.at the same time,the lack of experience of project managers and other problems,which will lead to high financial risk in the whole process of the project.According to the research ideas of finding problems,analyzing problems and solving problems,this paper combines the characteristics of H company’s industry and the operation and management characteristics of H company itself.This paper elaborates the research results of project and financial risk,and provides the relevant theoretical and methodological basis for the case analysis.In the part of financial risk identification,Based on the questionnaire survey,this paper and classifies them into three levels: economic environment risk,project management risk and financial internal control risk.In the part of financial risk evaluation,through expert interview and investigation.Based on the analytic hierarchy process,the financial risk index evaluation system is established and the financial risk of the enterprise is analyzed.Based on the fuzzy comprehensive evaluation method and combining with the specific project to evaluate the financial risk of the project,a quantitative value is obtained to represent the size of the project risk.Finally,Based on the wholeprocess of the project,this paper gives some strategies,such as the establishment of risk management process,the establishment of risk database and the corresponding specific financial risk response are given.This paper studies the financial risk of H company’s project,which H company makes carry out the project,it is helpful for H company to better manage the financial risks of the project before,during and after the EPC project,and to prevent various financial risks as far as possible.According to the type of risk,the company takes measures to avoid,transfer,reduce and accept the risk.At the same time,it is of certain reference value for engineering enterprises to identify,evaluate and deal with financial risks in other projects.