Course Code: PM2
Category: Project Management, Contract Management and Evaluation
Dates, Venues & Fees:
Apr 13-Apr 24| Virginia | $6,500.00
Sep 14-Sep 25| Washington | $6,500.00
Duration: Two Weeks
Course Overview
This course on Contracts, Projects Risk Management and Compliance aims at proactively anticipate and manage the probability of different types of risk that contracts and projects tends to be exposed to. It aims at mitigating the risk factors that exposes contracts and project to reputational issues, cost overruns, client relationships and other business related proceedings. Delegates will be equipped to master the necessary skills and techniques to effectively manage contracts and projects risks while ensuring compliance with statutory rules and other regulations.
Target Audience
This course on Contracts, Projects Risk Management and Compliance will greatly benefit:
- Project Managers
- Team leads
- Project Associates
- Project Assistants
- Project Engineers
- Project Analysts
- Project Coordinators
- Risk and Compliance Managers
- Finance and Audit Personnel
- Professionals working with Purchasing, Procurement or Tenders
Course Outcomes
By the end of this course, delegates will gain knowledge and skills to:
- Appreciate the process of contract and project risk mitigation
- Assess different types of risk associated with project scope, schedule and available resources
- Perform qualitative and quantitative project risk assessments
- Effectively allocate resources using different approaches and determining their risk impacts
- Identify different types of contracts for risk transference
- Design risk monitoring plan and implement corresponding risk mitigation strategies
- Manage contracts and projects from a more tactical and strategic perspective
Key Course Highlights
- Contract risk management, compliance and monitoring
- Contract risk mitigation and risk migration strategies
- Transference of risks through different contract types
- Contracts and projects monitoring for risk management
- Project risk management and compliance
- The nature of projects and uncertainty
- Projects selection and risk management
- Risk components and project risk planning
- Risk profiling and prioritizing
- Projects and risks life-cycle
- Qualitative and quantitative risk assessments
- Monitoring and controlling project and contract risks