By the end of the Contracts, Project Risk Management & Compliance course the participant will be able to:

• Apply useful techniques in identifying, analysing, mitigation and monitoring risks in the project life cycle
• Appreciate the entire process of contract and project risk mitigation
• Assess Different types of risks associated with project scope, schedule and available resources
• Apply Effective tools and techniques while performing quantitative and qualitative risk assessments
• Use a practical, six-step process to manage project risk
• Review the impacts of different approaches to risk allocation
• Explore different contract types to transfer risks
• Consider the contractual techniques to ensure effective risk allocation
• Learn how to create an effective risk monitoring plan and risk management strategies

Contracts, Project Risk Management & Compliance training course , is ideal for :

• Project Risk Managers, Project Managers & Officers
• Professionals working with Purchasing, Procurement or Tendering
• Risk & Compliance Managers and officers
• Finance & Audit Personnel
• Individuals who want to develop and refine their project and contract risk management skills.

Day 1 Risk Management Framework and Planning

• The Definition of Risk
• Understanding & Identifying the risks in Contracting
• Different Types of risks associated with Contracts
• Impact of Local, National and International laws on contracting
• Contract Risk Assessment Process
• Applied tools and techniques for managing contract risks
• Inadequate Contract Execution
• Purpose & Benefits of Risk
• Responsibilities in Project Risk Management
• Integrating Risk Management into the Project Management Process
• Risk Management Planning

Day 2 Risk Identification Processes

• Project Context & Stakeholders
• Risk Identification Inputs
• Risk Identification Tools & Techniques
• Risk Identification Outputs

Day 3 Risk Assessment Process

• Project Estimating Techniques
• Schedule Diagramming - Critical Path Method (CPM)
• Project Evaluation & Review Technique (PERT)
• Qualitative Risk Analysis
• Quantitative Risk Analysis

Day 4 Risk Response Plan Development

• Risk Prioritization
• Risk Response Strategy Guidelines
• Response Strategies for Threats & Opportunities
• Response Planning & Analysis
• Alternative Responses
• Response Validation
• Reserves - Contingency & Management

Day 5 Risk Response Control

• Resource Management
• Risk Control Guidelines
• Risk Control Inputs
• Risk Control Tools & Techniques
• Risk Control Outputs
• Risk Reporting & Documenting
• Course Summation & Work Session Review

BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.