Risk management of international EPCprojects through partnering
WANG Tengfei1, WANG Yunhong2, SHEN Wenxin2,3, TANG Wenzhe2
1. Division of Student Affairs, Tsinghua University, Beijing 100084, China; 2. State Key Laboratory of Hydroscience and Engineering, School of Civil Engineering, Tsinghua University, Beijing 100084, China; 3. School of Economics and Management, Beijing Jiaotong University, Beijing 100044, China
Abstract：The Belt and Road Initiative has lead to many Chinese enterprises actively participating in the international engineering- procurement-construction (EPC) market. Risk management is essential for EPC project delivery. However, existing research has mostly used only conceptual studies to explore the use of partnering strategies in risk management without mechanism analyses and validation using empirical data. This paper presents a risk management model based on partnering theory that is evaluated using questionnaire data and the partial least squares structural equation modeling (PLS-SEM) method. The results show the relationships among partnering, risk management and project performance and verify that partnerships between the contractor and various stakeholders improve interface management, organizational capacity and contract management to achieve effective risk management and continuous improvement of project performance. The results highlight the importance of partnering and risk management for EPC project performance and contribute to improving risk management of Chinese EPC contractors.
王腾飞, 王运宏, 沈文欣, 唐文哲. 基于伙伴关系的国际EPC项目风险管理[J]. 清华大学学报（自然科学版）, 2022, 62(2): 242-249.
WANG Tengfei, WANG Yunhong, SHEN Wenxin, TANG Wenzhe. Risk management of international EPCprojects through partnering. Journal of Tsinghua University(Science and Technology), 2022, 62(2): 242-249.
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2022, Vol. 62 
