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【Abstract】Based on the risk theory on international engineering projects， which is introduced at first section， and taking a highway contracting project in Africa as the case， this paper discusses the risk management process of international engineering contracting， analyzes and summarizes the effective experience and lessons about risk control， which have been learned from the project， and puts forward specific suggestions on risk control measures for international engineering projects， which might be of practical reference significance for and should be taken by those Chinese enterprises participating in international engineering contracting projects in the African market.
【Key words】Africa； project contracting； risk management； case analysis
【作者簡介】Liu Tao yueyang， China Civil Engineering Construction Corporation.
1. Introduction
With the in-depth implementation of China’s “Go Global” strategy， the international market share of Chinese project contracting enterprises has been increased continuously. In recent years， as the regional market with the highest economic development potential， the African market has great demand in the field of infrastructure construction. As the cooperation between China and African countries deepens， the African market has become the preferred destination for Chinese project contracting enterprises that “Go Global”.
Because of the diversity and complexity of the market conditions， the risks of international engineering contracting projects are also diversified and complex， and the project contractors will face more risk factors and higher risks. Common risk factors of engineering contracting projects in the African market will be summarized and analyzed， and corresponding risk management and control measures will also be discussed and analyzed below， based on the international project risk management theory and the management practice of actual engineering projects in the African market participated in by the author.
2. Risk Factors and Risk Management of International Projects
2.1 Risk Factors
The risk factors of international projects can be divided into 3 types： project environment risks， project management risks， and project participant risks. The project environment risks include political environment risks， economic environment risks， legal environment risks， social risks， and natural environment risks. The project management risks include mainly project tender offer risks， project design risks， contract risks， construction management risks， human resource risks， project financial risks， project material procurement risks， and project organization and coordination risks. The project participant-related risks include mainly employer-related risks， consultor -related risks， partner-related risks， supplier-relayed risks， and subcontractor-related risks. 2.2 Risk Management Process
The basic risk management process is as follows： risk identification -> risk analysis and assessment -> risk response. The specific process is shown in Figure 1.
2.2.1 Enhance the Risk Awareness and the Capability of Risk Identification
Since risks are generally elusive and may not be identified and measured before losses are caused； enterprises shall strengthen the construction of risk pre-warning system and the information collection
【Key words】Africa； project contracting； risk management； case analysis
【作者簡介】Liu Tao yueyang， China Civil Engineering Construction Corporation.
1. Introduction
With the in-depth implementation of China’s “Go Global” strategy， the international market share of Chinese project contracting enterprises has been increased continuously. In recent years， as the regional market with the highest economic development potential， the African market has great demand in the field of infrastructure construction. As the cooperation between China and African countries deepens， the African market has become the preferred destination for Chinese project contracting enterprises that “Go Global”.
Because of the diversity and complexity of the market conditions， the risks of international engineering contracting projects are also diversified and complex， and the project contractors will face more risk factors and higher risks. Common risk factors of engineering contracting projects in the African market will be summarized and analyzed， and corresponding risk management and control measures will also be discussed and analyzed below， based on the international project risk management theory and the management practice of actual engineering projects in the African market participated in by the author.
2. Risk Factors and Risk Management of International Projects
2.1 Risk Factors
The risk factors of international projects can be divided into 3 types： project environment risks， project management risks， and project participant risks. The project environment risks include political environment risks， economic environment risks， legal environment risks， social risks， and natural environment risks. The project management risks include mainly project tender offer risks， project design risks， contract risks， construction management risks， human resource risks， project financial risks， project material procurement risks， and project organization and coordination risks. The project participant-related risks include mainly employer-related risks， consultor -related risks， partner-related risks， supplier-relayed risks， and subcontractor-related risks. 2.2 Risk Management Process
The basic risk management process is as follows： risk identification -> risk analysis and assessment -> risk response. The specific process is shown in Figure 1.
2.2.1 Enhance the Risk Awareness and the Capability of Risk Identification
Since risks are generally elusive and may not be identified and measured before losses are caused； enterprises shall strengthen the construction of risk pre-warning system and the information collection