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Risk Assessment of Funding for Projects in Power Research Institute

In: Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)

Author

Listed:
  • Yingcui Chen

    (China Electric Power Research Institute, High Voltage Research Laboratory)

  • Wangyuan Xie

    (China Electric Power Research Institute, High Voltage Research Laboratory)

  • Sijia Lao

    (China Electric Power Research Institute, High Voltage Research Laboratory)

  • Ye Yan

    (China Electric Power Research Institute, High Voltage Research Laboratory)

Abstract

China’s electricity industry is a huge market and its market size is constantly increasing. Demand for technological development of power network companies is steadily increasing. In recent years, the average scientific research funds of the electric power enterprise has already reached hundred billions. With the increase in investment in scientific research and development, demand for science and technology administration funds and efficient administration is becoming more and more sharp. The purpose of this study is to analyze the characteristics of technology project administration of electric power companies. Then, the index system was constructed. The risk rating was given for each execution risk phase. Meanwhile, the risk rating of the manage points were counted. This article applies the PDCA method to solve the funding administration problem of power projects. The project describes funding adjustments and project execution through information. The purpose of this research is to enhance the risk controlling of R&D project, and provide reference for the typical application examples of funding administration in scientific project administration.

Suggested Citation

  • Yingcui Chen & Wangyuan Xie & Sijia Lao & Ye Yan, 2024. "Risk Assessment of Funding for Projects in Power Research Institute," Advances in Economics, Business and Management Research, in: Suhaiza Hanim Binti Dato Mohamad Zailani & Kosga Yagapparaj & Norhayati Zakuan (ed.), Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023), pages 1341-1350, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-256-9_136
    DOI: 10.2991/978-94-6463-256-9_136
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