One of the main sources of risks that influence potential project success is the project selection decision, especially for international contractor organisations looking for an opportunity to invest in public private partnership projects in foreign countries. Project selection decision, which involves the bid/no bid decision, is a critical investment decision needs to be made based on concrete project evaluation and risks identifications; where negative-risk is in place if there is an absence of a rational basis at the time of making such a decision. Thus, negative consequences of such a decision might occur. The bid/no bid decision necessitates an effective project evaluation and risk identification from various aspects with consideration of several internal and external factors in order to achieve project success. Bidding for PPP projects overseas without efficiently applying risk management tools and techniques to evaluate both the project and the organisation’s current situation and capability might result either in large losses or consumption of time and resources that could have been avoided. The prime aim of this research is to develop a strategic investment decision model from the perspective of risk management, in order to facilitate the decisions of international contractors who intend to invest in public private partnership projects in the Saudi Arabian construction industry. This aim requires establishing a link between the risk management process and the organisation's strategy and its current situation, and identifying risks involved in the bid/no bid decision, PPP projects, and international investment in order to provide an effective computer-based model that is capable of organising the bid/no bid decision in a rational, logical, flexible, and user-friendly manner. The pragmatic triangulation philosophy approach is adopted as the best research methodology that allows two types of research strategy to be combined in order to accomplish the research aim and objectives. Thus, the methods used are qualitative interviews and a quantitative questionnaire-based survey. The findings of this research identified critical success factors of international contractors’ bidding decisions for PPP projects in the Saudi Arabian construction industry. In particular, seventy-seven factors affecting the bid/no bid decision were used as a foundation for development of a Strategic Risk Management Decision Model (SRMDM), available at www.srmdm.com.

依據全球能源趨勢分析新興市場能源需求逐年成長，然而國內市場飽和的衝擊下，台灣的工程業如何運用既有實績、知識、技術來拓展海外商機，是企業面對環境快速變化所採取的必要策略。縱使金融風暴及外在投資環境愈趨險惡，競爭對手亦都是國際級工程公司，國內工程業仍須就時代脈動及未來趨勢提前規劃訂定新目標及經營策略以確保永續經營。 本研究藉由台灣工程業生存環境的變化及政策發展目標改變，依據區域、產業、顧客、市場的變化來尋求潛在市場規模。以煉油石化工程為主要研究對象，其市場特性為進入門檻高，且大型統包型專案執行日漸複雜，台灣的工程公司應具備良好之業務、專業能力，熟悉全球化作業細節，才有機會積極跨入國際市場以提供完善服務。本研究藉由個案公司對國內、外市場趨勢的探討，公司所處的內外部環境，尋求一個企業如何找出其價值鏈來提升核心競爭力；並且藉由研究策略之關鍵因素，利用跨國行銷管理與經營績效進行分析，以構建個案公司的發展願景。 企業創新、組織改造與競爭策略是未來發展的解決方案。本研究利用工程資訊、文獻資料等剖析企業在面臨國際經濟、工業發展、政府政策，供應鍵變化等不確定因素下，要跨入國際工程市場，可採用的策略方法。運用競合策略SWOT分析、價值網、策略地圖、平衡計分卡等探討強化核心能耐及訂立短、中、長期策略目標。 隨著大陸、印度等煉油石化工程同業逐漸取得報價資格進入國際市場，當我們面對低價搶標，材料及人工成本的上漲壓力，個案公司需以極敏銳的隨機變動能力，掌握這一波產業發展契機並發掘在跨國管理上的問題以尋求提升整體營運績效，強化核心能耐與競爭力。