Digital Innovation and Transformation for Modern Service Organizations
06/11/2024Contemporary Human Rights Governance: Principles, Practices, and Advocacy
06/11/2024Advanced Governance, Risk, and Compliance for Project Leaders
£4,500.00
Overview:
This program provides project leaders with comprehensive skills and tools to effectively govern, manage risk, and ensure compliance within complex projects. Participants will gain insights into the latest regulatory requirements, digital risk assessment tools, and advanced GRC strategies. Through real-world examples, case studies, and hands-on projects, attendees will be prepared to implement proactive, integrated GRC practices that align with organizational goals and industry standards.
Program Objectives:
Upon completing this course, participants will be able to:
- Analyze risk development and identify key factors in risk escalation.
- Apply modern risk assessment tools and frameworks to evaluate and prioritize project risks.
- Develop strategies to mitigate and monitor risks effectively within various contract structures.
- Navigate current regulatory frameworks and establish compliance measures for project activities.
- Design and implement robust GRC frameworks tailored to their organization’s needs.
Target Audience:
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- Project managers, contracts administrators, procurement officers, and tender professionals
- Risk, finance, audit, and compliance specialists in project-driven organizations
- Industry professionals overseeing compliance and risk management for large projects
Program Outline:
Day 1: Foundations of Risk and Governance in Project Management
- Overview of risk management and governance fundamentals in project settings.
- Defining key risk categories and their impacts on project success.
- Exploring digital and regulatory risks, including GDPR and ISO frameworks.
- Group Exercise: Conducting a risk assessment for a sample project.
Day 2: Risk Minimization and Transfer through Contracts
- Techniques for transferring and minimizing risk in contracts.
- Comparison of contract types: cost-reimbursable, fixed price, and incentive agreements.
- Insurance and indemnity options for comprehensive risk coverage.
- Case Study: Evaluating contract types and their risk implications.
Day 3: Managing Compliance in Contracts
- Key contract terms for managing risk: title, novation, and subcontractor compliance.
- Addressing external factors like strikes, disputes, and regulatory changes.
- Practical Exercise: Drafting risk transfer clauses for sample contracts.
- Real-Life Examples: Compliance challenges and solutions.
Day 4: Financial Risk Management in Projects
- Understanding financial risk, fraud, and corruption in project contracts.
- Limiting liability and implementing controls for financial stability.
- Analyzing sample contract clauses for financial risk management.
- Hands-On Workshop: Building a financial risk management plan.
Day 5: Integrated GRC Strategies and Capstone Project
- Proactive approaches to adverse events and performance impossibilities.
- Capstone Project: Creating a comprehensive GRC framework for a project.
- Compliance monitoring tools: real-time tracking, audit trails, and AI applications.
- Reflection and Q&A: Discussing strategies for sustained GRC improvement.