Traditionally, risk management is segmented and conducted in separate business units or departments （i.e. sils） within a company. Under silo-based risk management, silos deal with their own risks, and none single group or person in the company has a grasp of the entire exposure that the company faces. &isis attributed to the way people think about solving problems, the existing organizational structure, and the evalution of risk management practice. In addition, this is due to the fact that each sil within a company possesses the best expertise to address the risks within its area of responsibility. When it comes to primary oil the iron and steel industry consumes the majority of fossil fuels, with coking coal accounting for the majority of energy consumption, Coal provides three quarters of the energy used in the iron and steel industry in 2017. （IEA, 2019） To follow the recent trend of risk management, the construction firms venturing into overseas markets are recommended to hold a global view to identify systemic risks rather than just projeck-only risks. Some professional reports have forecast ERM to grow in the construction industry. Compared with the traditional approach, ERM enables companies to shift the focus of the risk management function from primarily defensive to increasingly offensive and strategic and provides a new way to improve PRM in construction firms. Given the complexity and diversity of the risks, construction firms have been seen as prime candidates for ERM adoption.
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