Effective risk and credit management are the keys to the financial health of plant engineering firms. Companies can counter market uncertainties and fluctuations in demand and complex supply chains through tailored credit risk analysis. Such analysis will help firms detect early financial vulnerabilities so that they can identify the appropriate time to take preventive measures against loss, defaults, or insolvency. More critically, sophisticated fraud detection and risk predictions are playing an important role in financial stability in plant engineering. Advanced and sophisticated business intelligence techniques can identify patterns of transactions that may represent potential fraud. With this feature, firms are in a better position to respond promptly to financial and operational risks while enhancing stability and resilience. Credit monitoring systems further give another level of security as the credit health can be put into proper perspective through integrating real-time analytics with historic financial data. Data Mining(DM) in such systems maximizes the precision of predicting risks by classifying risk levels and creating tailored credit solutions for plant engineering clients. This integration of these systems with enterprise platforms helps the firms make decisions seamlessly across departments, ultimately supporting overall efforts in risk management. Use of data science in plant engineering has improved the possibility of forecasting risks, detection of frauds, and monitoring of credit toward financial security and operational resilience. As the technology gets more integrative to the industry, it supports growth sustainability for the plant engineering companies handling finance complexities.