Advances in Constructional Engineering

With the widespread application of the Engineering Procurement Construction (EPC) mode in the construction field, its project management is faced with complex risk challenges. Since EPC projects cover the entire process of design, procurement, and construction and involve multi-party cooperation and highly dependent external factors, risk management has become particularly important. This paper mainly explores how to identify, evaluate, and respond to various risks in EPC projects and proposes a series of effective risk management strategies. Through the comprehensive application of risk identification, quantitative analysis, contract management, and risk sharing, project managers can effectively reduce the impact of potential risks and ensure the timely and high-quality completion of projects. Finally, this paper emphasizes the crucial role of team collaboration and information sharing in risk control in EPC projects.

Engineering general contracting; Risk management; EPC projects; Response strategies; Project management