Training Course on Contract Risk Management and Compliance

Overview

• This intensive five-day course equips participants with the knowledge and skills to identify, assess, allocate, and manage risks throughout the contract lifecycle.
• Emphasis on strategic risk management in contracts, moving beyond tactical approaches to improve project outcomes and compliance.
• Incorporates lessons from recent global challenges, including post-pandemic risk considerations.
• Practical focus on contract terms, risk mitigation techniques, and compliance monitoring to reduce disputes and financial exposure.

Learning Objectives

• Understand how and why risks arise in contracts and their potential impacts on projects and organisations.
• Develop skills to identify, analyse, and prioritise contract risks using both qualitative and quantitative methods.
• Learn effective risk allocation strategies, including contractual techniques and risk-sharing policies.
• Gain ability to apply risk management processes pre-contract, during contract execution, and post-contract.
• Enhance competence in drafting and negotiating contract terms that mitigate risk and ensure compliance.
• Appreciate the organisational and financial benefits of robust contract risk management.

Training Methodology

• Interactive lectures delivered by experienced contract risk management practitioners.
• Case studies and real-world examples illustrating risk identification, assessment, and mitigation.
• Group discussions and exercises to apply concepts to participants’ own contract scenarios.
• Review of published articles, checklists, and contract clauses to deepen understanding.
• Confidential sharing of participant challenges with one-to-one trainer feedback.
• Pre-course reading materials provided to maximise engagement and readiness.

Organisational and Personal Impact

• Organisations will benefit from reduced project failures, cost overruns, and disputes through clearer risk allocation and proactive management.
• Improved contract robustness leads to faster dispute resolution and lower legal costs.
• Enhanced ability to manage total cost of ownership and improve competitiveness in tendering.
• Individuals will gain increased confidence in managing contract risks strategically.
• Participants will develop skills to influence contract structures and compliance frameworks effectively.
• Career advancement opportunities through mastery of a critical business function.

Target Audience

• Contract managers, procurement professionals, project managers, and legal advisors involved in contract negotiation and management.
• Compliance officers and risk managers seeking to integrate contract risk management into organisational processes.
• Consultants and advisors supporting clients in contract risk assessment and mitigation.
• Professionals from any industry sector responsible for optimising contract performance and reducing exposure to risk.

Course Outline

Day 1: Foundations of Contract Risk Management

• Introduction to contract risk concepts and terminology.
• Types of risks in contracts: legal, financial, operational, environmental, and regulatory.
• Overview of risk management frameworks and processes.
• Impact of the post-pandemic environment on contract risk.

Day 2: Risk Identification and Assessment

• Techniques for identifying contract risks.
• Qualitative vs quantitative risk assessment methods.
• Tools for risk analysis and prioritisation.
• Case study: Risk mapping in complex contracts.

Day 3: Risk Allocation and Contractual Techniques

• Principles of risk allocation between parties.
• Contract types and their risk implications.
• Key contract clauses: indemnities, warranties, guarantees, and insurance.
• Drafting and negotiating risk-sharing provisions.

Day 4: Risk Management During Contract Execution

• Monitoring and controlling risks throughout contract life.
• Managing contingencies and change orders.
• Handling disputes and risk events effectively.
• Integrating safety and compliance risk management.

Day 5: Strategic Risk Management and Compliance

• Moving from tactical to strategic contract risk management.
• Building organisational risk culture and governance.
• Compliance monitoring and reporting.
• Final workshop: Developing a risk management plan for a real contract.
• Course review and participant presentations.

Conclusion

• Contract risk management is essential for safeguarding organisational interests and achieving successful project outcomes.
• This course empowers professionals to proactively identify, allocate, and manage risks, reducing financial exposure and enhancing compliance.
• Participants leave equipped with practical tools and strategic insights to transform contract risk management within their organisations.
• Investing in these skills drives better decision-making, stronger contracts, and sustainable business success.