Course Details
Your Growth, Our Mission
Course Description
the impact of these risks. A risk is any unexpected event that can affect people, technology, resources, or processes (including projects). Unlike a regular problem that may arise, risks are incidents that may occur suddenly, sometimes entirely unexpected. Project managers do not always know Project risk management is the process that project managers use to manage potential risks which risks the project is exposed to, when they occur, and why. Due to this high degree of uncertainty, project risk management requires a serious and in-depth approach.
Controlling & Mitigating project and contract associated risks appear to be one of the most complex tasks in the contemporary business world. The extremely compound structure of modern contracts and projects make the process of risk allocation even more strenuous. For any given successful entity it is crucial to anticipate and manage that may affect a project in any way, both positively and negatively. The goal is to minimize the likelihood of different types of risks, as in turn, it affects the reputation, cost overruns, client relationships, and other business-related proceedings.
The contracts, Project Risk Management & Compliance training course has been designed in order to address the aforementioned task and equip its attendees with necessary skills and modern knowledge for effectively managing contract and project risks while ensuring compliance with existing rules and regulations.
The Training Course Will Highlight ?
Training Objective
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
Target Audience
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.
Training Methods
Daily Agenda
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
Accreditation
BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.
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