Advances in Economics, Management and Political Sciences

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Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 27 , 10 November 2023


Open Access | Article

Review on the Identification and Assessment of Project Risks in International Engineering Contracting Projects

Haoran Xing * 1
1 East China Jiaotong University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 27, 85-89
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Haoran Xing. Review on the Identification and Assessment of Project Risks in International Engineering Contracting Projects. AEMPS (2023) Vol. 27: 85-89. DOI: 10.54254/2754-1169/27/20231218.

Abstract

With the steady promotion of the "the Belt and Road" initiative and the introduction of a number of reform measures, the pace of "going global" of Chinese enterprises has been accelerating. More Chinese construction enterprises are actively engaged in overseas engineering construction and have made remarkable achievements. At the same time, the way of project contracting is also constantly upgrading, and the time span, uncertainty and complexity of international project contracting business are increasing, so it is necessary to carry out risk management. In addition, the introduction of relevant policies and regulations at home and abroad has further promoted the construction of overseas risk management of international project contracting enterprises. Therefore, it is necessary to use scientific methods and tools to identify and assess the risks of the project according to the internal and external conditions of the international engineering contracting project, and determine the measures to deal with the risks of the international engineering contracting project according to the results of the risk analysis, its own resource conditions, the environment and other factors. Finally, the corresponding risk response measures and suggestions are put forward based on the actual development strategy of the enterprise and the market environment of international project contracting business.

Keywords

international project contracting, project risk managemen, risk response

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-075-2
ISBN (Online)
978-1-83558-076-9
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/27/20231218
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated