Abstract: In this paper, an overseas EPCC project titled M is taken as an example to discuss the risk management process of project life cycle and the focus of risk management at each stage. Combined with the practical experience of the project, this paper introduces the risk register which is used throughout the whole project risk management process and the Monte Carlo simulation for the quantitative analysis of schedule risk. Based on the qualitative and quantitative risk analysis of M Project during project bidding and execution, a relatively comprehensive project risk management system was established which provides support for project decision-making and can be deemed as organizational process assets accumulated for project management in the future

Key words: risk management, project life cycle, quantitative analysis