Research On Risk Management Of Water Treatment Project Of BJET Overseas Engineering Company

As the introduction of China’s Belt and Road Initiative,the amount of contracted foreign contracted projects signed by the EPC contract mode has been increasing steadily year by year.According to the rapid development of overseas projects,the construction contracts of water treatment facilities are becoming more and more important.However,the infrastructure of the most countries is relatively backward;the project construction cycle is very long;the design task requires professional engineers;the amount of purchase is very large,which leads to a more vulnerable project.It is very common for Chinese enterprises to suffer losses in the process of contracting overseas water treatment projects,which gradually exposes the lack of risk management ability of Chinese enterprises in such projects,such as incorrect identification,incomplete analysis,wrong measures,poor continuous monitoring and so on.It directly leads to the increase of work amount,cost overrun,delay of construction period,and causes huge losses to the contracting enterprises.Taking the water treatment project implemented by BJET Overseas Engineering Company in Bangladesh as the case study object,this paper systematically studies how to effectively identify and avoid the core risk elements of overseas engineering contracting projects.Firstly,this paper studies the relevant literature at home and abroad,and reports the status quo of risk management of water treatment project of the company.Based on the theory of project risk management,the case study of Bangladesh project of the company is carried out by means of expert interview,questionnaire and network analytic hierarchy process.It is identified that the project has external risks,design process risks,design process risks,project management risks and so on Then,the index weight and ranking of each risk element are calculated based on the network analytic hierarchy process model,and the core risk elements are found based on the ranking results,and the problems existing in the management process are deeply analyzed.Finally,based on the comprehensiveness and typicality of BJET’s overseas water treatment projects,specific risk management improvement measures are proposed.For the future project management process,to deal with the same type of risk,put forward reasonable suggestions.