Three-stage project risk management: project selection, estimation and bidding, and execution
First written in FY2018. 6 of 10 entries say "Restated". Latest entry: FY2026.
6 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In selecting projects, we place emphasis on 3 criteria: projects that secure profits, both in the near term and over the medium term, and have high feasibility; projects for which resources can be secured; and projects that will serve as a foundation for the future.」
The project selection criteria under 3-stage project risk management were specified as 3 points: profit generation and feasibility, securing resources, and future potential. - FY2024AdvancedAnnual report
「Important EPC projects require review by the Company, including by the Company's Board of Directors, from the estimation and bidding stage.」
In addition to 3-stage project risk management, a framework was explicitly described for review by the holding company's Board of Directors of important projects, review of contractual terms and due diligence on partners. - FY2023-Q3RestatedAnnual report
「As customers’ capital investment moved toward recovery and the number of projects increased, we continued to select projects capable of generating reliable earnings and worked to achieve our order intake target.」
Even as capital investment recovered, the policy of project risk management based on selecting projects for their profitability continued. - FY2023-Q1RestatedAnnual report
「As customers’ capital investment moves toward recovery and the number of projects increases, we are selecting projects capable of generating reliable earnings and working to achieve our order intake target.」
Even as capital investment recovered, the policy of selecting projects based on the ability to secure reliable earnings continued. - FY2022-Q3RestatedAnnual report
「Even under these conditions, we are focusing on projects with a high likelihood of a final investment decision and pursuing vigorous sales activities to achieve our order intake target.」
The policy of selecting projects based on the feasibility of final investment decisions has continued even as the capital investment environment has shown signs of recovery. - FY2022-Q1RestatedAnnual report
「Even under these conditions, we are focusing on projects with a high likelihood of a final investment decision and pursuing vigorous sales activities to achieve our order intake target.」
The policy of selecting projects based on the feasibility of final investment decisions has continued even amid an uncertain capital investment environment. - FY2021-Q2RestatedAnnual report
「Even under these conditions, we are focusing on projects with a high likelihood of customers reaching a final investment decision and pursuing sales activities.」
The policy of selecting projects based on the feasibility of customers reaching final investment decisions has continued. - FY2021-Q1RestatedAnnual report
「Even under these conditions, we are focusing on projects with a high likelihood of customers reaching a final investment decision and pursuing sales activities.」
The policy of selectively pursuing projects based on their feasibility was also applied to sales activities during COVID-19. - FY2020AdvancedAnnual report
「At the project bidding stage, we classify and grade the risks associated with each project, thoroughly implement risk mitigation measures appropriate to those risks, and select and accept high-quality projects. During project execution, the management of the operating company, and in some cases the top management of the holding company, regularly monitors the status of risk responses according to the grade of each risk item, with a framework in place for systematic implementation of the PDCA cycle.」
In addition to the conventional 3-stage management process, the classification and rating of risks, selective order acceptance, monitoring by the top management of the holding company and the practice of the PDCA cycle have been put into specific operation. - FY2018First statedAnnual report
「Project risk management is conducted by each business division in 3 stages: (i) project selection, (ii) estimation and bidding, and (iii) execution.」
A framework was described for analyzing, reviewing and monitoring risks at 3 stages: project selection, estimation and bidding, and execution.