Mastering Contract Management and Administration
01/11/2024Mastering Contract Management and Formulation
01/11/2024Advanced Contracts, Project Risk Management & Compliance
£4,000.00
Overview:
Project risk management is essential for identifying and controlling unexpected events that can impact people, technology, resources, and processes, both positively and negatively. The objective is to minimize risk impact and protect project success. Unlike typical issues, risks often emerge unexpectedly, requiring proactive management to anticipate and mitigate their effects.
Given the complex nature of modern contracts and projects, managing associated risks is increasingly challenging. This course is designed to equip participants with the skills and knowledge needed to navigate these complexities, apply effective risk management strategies, ensure regulatory compliance, and optimize project and contract outcomes.
Program Objectives:
By the end of the Advanced Contracts, Project Risk Management & Compliance course, participants will be able to:
- Utilize advanced techniques to identify, analyze, mitigate, and monitor project risks
- Understand the full lifecycle of contract and project risk mitigation
- Evaluate various types of risks related to project scope, timeline, and resources
- Apply quantitative and qualitative assessments in risk management
- Implement a six-step process to effectively manage project risks
- Assess different risk allocation approaches and their impacts
- Explore contract types and terms to transfer and manage risk effectively
- Develop an actionable risk monitoring plan and define key risk management strategies
Target Audience:
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- Project Risk Managers, Project Managers, and Officers
- Professionals in Purchasing, Procurement, and Tendering
- Risk and Compliance Managers and Officers
- Finance and Audit Personnel
- Individuals seeking to enhance their project and contract risk management expertise
Program Outline:
- Defining Risk and Identifying Contractual Risks.
- Exploring Contract-Specific Risk Types.
- Evaluating the Impact of Local, National, and International Regulations on Contracting.
- Implementing Contract Risk Assessment Procedures.
- Tools and Techniques for Effective Contract Risk Management.
- Analyzing Consequences of Inadequate Contract Execution.
- Integrating Risk Management with Project Management Principles.
- Establishing a Comprehensive Risk Management Plan.
- Understanding the Project Context and Engaging Key Stakeholders.
- Inputs for Comprehensive Risk Identification.
- Tools and Techniques for Systematic Risk Identification.
- Interpreting and Documenting Risk Identification Results.
- Employing Project Estimation Techniques for Accurate Risk Assessment.
- Applying Critical Path Method (CPM) for Schedule Analysis.
- Using Project Evaluation and Review Technique (PERT) for Informed Risk Assessment.
- Executing Qualitative and Quantitative Risk Analyses.
- Prioritizing Risks Based on Impact and Likelihood.
- Guidelines for Crafting Effective Risk Response Strategies.
- Strategies for Addressing Threats and Seizing Opportunities.
- Response Planning, Analysis, and Validation.
- Exploring Alternative Responses and Contingency Plans.
- Optimizing Resource Allocation for Risk Response.
- Implementing Guidelines for Effective Risk Control.
- Utilizing Tools and Techniques for Continuous Risk Monitoring.
- Producing Comprehensive Risk Control Documentation.
- Final Review: Summation of Key Concepts and Practical Work Session.