Research on Integrated Risk Management Framework of Manufacturing Engineering Project

As the scale of investment on projects increases, manufacturing project integrated risk management becomes more important. The content and relationship of the integrated risk manufacturing management framework are discussed in the paper. The framework is composed of five parts which are the integration of risk management targets, total life cycle, processes and methods, organization and information system. In the different phase of total life cycle, depending on the risk management information system, project risk management organization who is in the form of virtue team promotes the risk management loop which is composed of the risk identification, risk evaluation, risk handling and risk monitoring (IEHM), to achieve the project targets. The integrated risk management framework is presented by the systematic method. The framework provides the basis for further development of integrated risk management.