This study primarily aims to evaluate the relative importance of factors influencing project risk management. In particular, we seek to identify and prioritize the key factors affecting the bidding process within the cross-strait political and economic context. This research employs the analytic hierarchy process (AHP) to calculate the relative weights of project risk factors. This study conducted AHP questionnaire interviews with 15 experts, including industry professionals, government project management executives with over 15 years of experience, and professors specializing in project risk management. Through pairwise comparisons across three hierarchical levels and twelve factors, this study identified the key influencing factors that account for 70% of the cumulative eigenvector weight. Based on seven key risk factors identified, namely, political factors, lack of professional skills among subcontractors, lack of professional skills among personnel, resident protests, insufficient project duration, insufficient manpower, and lowest bid awarded, a project management bid preparation checklist is developed. Political ideology is identified as the most significant risk factor for contractors. Implementing this checklist can effectively control approximately 70% of the identified risks.