EPC general engineering contracting mode is a kind of contracting method widely used in large-scale engineering construction activities at present. This mode provides a new mode for the completion of large-scale projects, which has played a certain role in promoting China's economic development, while its problems are also becoming more and more obvious. At present, with the "Belt and Road" initiative and the establishment of RCEP, a large number of cross-border EPC projects to carry out the implementation of the academic community for the EPC general contracting mode of research continues to be hot, to explore the main risk management mechanism. In this paper, the relevant literature is sorted out according to the chronological order and importance, and the conceptual definition of EPC general contracting model is summarised, and it is also found that the research on risk management in the existing literature is mainly from the four aspects of risk identification, risk evaluation and measurement, risk control and response, and digitalisation of risk management. The results of this paper not only summarise the main literature on risk management in EPC projects, but also clarify the strengths and weaknesses of the relevant research, providing a development direction for future research.

Wei Qianqing, Xiao Yiqing. A review of research related to risk management of EPC engineering projects and future prospects. Academic Journal of Business & Management (2023) Vol. 5, Issue 20: 25-34. https://doi.org/10.25236/AJBM.2023.052005.

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[2] Cheng Xun. Research on tax differences and risks of EPC projects under the new revenue standard [J]. Construction Economy, 2020, 41(10):38-41. 

[3] Dai Jianbiao, Gao Xinglin, Zhang Mingkong. Risk evaluation and response to the bidding of design and construction general contracting for Hong Kong-Zhuhai-Macao Bridge island tunnel project [J]. Tunnel Construction(in English and Chinese), 2018, 38(07):1138-1148. 

[4] Fan Shuqing. Risk Sharing and Response of Owners and Contractors under EPC Mode[J]. Urban Architecture, 2020, 17(06):178-180. 

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[6] Gong Yanjun, Han Yanfeng. Efficient safety management in the whole life cycle of EPC+O construction projects through BIM+FM technology [J]. Intelligent Building and Smart City, 2022(11):57-59. 

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[9] Jiang Xue. Analysis of the financial risk of general engineering contracting project[J]. Finance and accounting monthly, 2019(S1):95-96. 

[10] Li Hao, Tang Wenzhe, Shen Wenxin, Wang Yunhong. Research on claim management of domestic EPC project--Taking Yangfanggou hydropower station as an example[J]. Construction Economy, 2020, 41(04):59-63. 

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[14] Liu Xue, Guo Haibin, Zhao Ranran. Evaluation of cost risk of assembly building under EPC mode based on cloud model [J]. Journal of Heilongjiang Engineering Institute, 2022, 36(05):38-43. 

[15] Liu Yanping, Wang Wenzhong, Pu Wanli. Cost risk evaluation of assembly construction project under EPC mode based on portfolio assignment-evidence theory-fuzzy comprehensive evaluation method [J]. Science, Technology and Engineering, 2022, 22(11):4562-4571. 

[16] Nan Yijia, Dong Guanhua. EPC Contract Splitting Risk and Response[J]. Project Management Review, 2022(04):68-71. 

[17] Qin Wei, Zhang Lili, Shao Kangjie, Zhang Zhuoqun, Wang Quan. EPC procurement risk control strategy based on BIM technology [J]. Value Engineering, 2019, 38(12):73-76. 

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[23] Wang J. Risks and responses faced by university project owners under EPC mode[J]. Construction Economy, 2021, 42(S1):139-142. 

[24] Wang Tengfei, Wang Yunhong, Shen Wenxin, Tang Wenzhe. Partnership-based risk management for international EPC projects[J]. Journal of Tsinghua University (Natural Science Edition), 2022, 62(02):242-249. 

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[28] Xu Peng. Avoidance strategy of market risk in EPC contract management of overseas projects[J]. Heilongjiang traffic science and technology, 2021, 44(05):238-239. 

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[30] Yang Rong, Zhang Weifang. An overview of common problems in the architectural design of international power EPC projects--Taking the 1×20 MW coal-fired power plant project in Iligan, Republic of the Philippines as an example[J]. Journal of Wuhan University (Engineering Edition), 2018, 51(S1):360-363. 

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[33] Yu Hongliang, Chen Jialuo. Research on risk chain of green building project under EPC mode based on SEM [J]. Science and Technology Management Research, 2021, 41(17):199-205. 

[34] Yuan Ximan, Gao Xing, Li Jingjing. Risk identification of highway projects under BOT+EPC mode based on "risk map"[J]. Transport Enterprise Management, 2015, 30(10):55-57. 

[35] Zheng Xiaoyun, Chen Zhenxing, Chen Jinyan. Research on EPC incentives based on two-layer chained principal-agent[J]. Journal of Engineering Management, 2022, 36(02):103-107. 

[36] Zhu Xiaoyu, Wang Sheng. Research on risk factors of EPC project bidding and procurement in universities based on cross-influence method [J]. Experimental Technology and Management, 2022, 39(04): 249-254

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