Contract & Project Risk Management
& Compliance

Upon completing the Contract & Project Risk Management & Compliance training course, participants will be able to:

• Apply practical techniques to identify, analyze, mitigate, and monitor risks throughout the project lifecycle.
• Implement a structured six-step process for managing project risks effectively.
• Evaluate the implications of various risk allocation strategies.
• Understand how different contract types can be utilized to transfer and manage risks.
• Develop and implement effective risk monitoring plans and management strategies.
• Enhance decision-making processes related to risk allocation and project success.

Participants will increase competencies through a variety of instructional methods including lecture, exercises, reviewing published articles, checklists, videos, and group discussions. A comprehensive training course manual enabling practical application and reinforcement is provided.

Delegates are encouraged to bring real problem examples with them, for discussion on a confidential basis, and to share their experience of particular issues. Time will be allowed for general discussions, and for one-to-one discussion with the trainer.

Organizations supporting participation in the Contract & Project Risk Management & Compliance training course will experience significant benefits, including:

• Enhanced expertise among project and contract management teams, leading to more effective project delivery.
• Reduced total cost of ownership through improved risk identification and management practices.
• Clearer risk allocation, minimizing contractor disputes and enabling quicker, more cost-effective resolutions.
• Improved project outcomes through better management of scope, cost, and time relationships.
• Stronger contractual decision-making based on a deeper understanding of indemnities and risk transfer mechanisms.
• Decreased likelihood of project failures, quality issues, costly changes, and budget overruns.

Participants of the Contract & Project Risk Management & Compliance training course will gain:

• Strengthened skills in identifying and assessing project risks and opportunities.
• Enhanced capability to manage multiple project risks with structured strategies.
• Improved ability to integrate risk management into project planning.
• Greater proficiency in allocating risks and selecting appropriate project and contract structures.
• Increased effectiveness in mitigating the negative impacts of poorly managed risks.
• The ability to evaluate threats and opportunities and weigh their impact on overall project success.

• Contracts, Tendering, Purchasing, Procurement, and Project Personnel
• Contract Administration, Engineering, Operational, and Maintenance Personnel
• Risk, Claims, Financial, and Audit Personnel
• Project Management Professionals
• And all others who are involved in the planning, evaluation, preparation and management of tenders, specifications, awards, and contracts that cover the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities