🎯 Course Description:
This advanced 5-day course provides a comprehensive framework for identifying, assessing, and mitigating risks in commercial and project contracts. Participants will learn how to analyze contractual clauses, allocate risks effectively, and develop mitigation strategies that protect organizational interests while fostering strong business relationships.
The course emphasizes risk assessment methodologies, negotiation of risk-sharing terms, claims avoidance, and dispute resolution. Through case studies and workshops, participants will apply practical tools to real-world scenarios, ensuring a proactive approach to contract risk management.
👥 Who Should Attend:
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Contract managers and administrators
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Procurement and supply chain professionals
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Project managers and engineers
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Legal and compliance specialists
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Risk management professionals
🗓️ Day 1: Introduction to Contract Risk Management
| Time | Topic |
|---|---|
| 08:30 – 09:00 | Welcome, Course Objectives & Introductions |
| 09:00 – 10:30 | Understanding Contractual Risk – Definitions, categories, sources |
| 10:30 – 10:45 | ☕ Coffee Break |
| 10:45 – 12:15 | The Risk Management Process – Identification, assessment, control |
| 12:15 – 01:15 | 🍽 Lunch Break |
| 01:15 – 02:45 | Key Risk Areas in Contracts – Price, time, performance, liabilities |
| 02:45 – 03:00 | ☕ Coffee Break |
| 03:00 – 04:30 | Workshop: Identifying risks in a sample contract |
🗓️ Day 2: Risk Allocation in Contracts
| Time | Topic |
|---|---|
| 08:30 – 10:00 | Principles of Risk Allocation – Fairness vs transfer |
| 10:00 – 10:15 | ☕ Coffee Break |
| 10:15 – 12:15 | Contract Clauses for Risk Allocation – Force majeure, indemnities |
| 12:15 – 01:15 | 🍽 Lunch Break |
| 01:15 – 02:45 | Insurance and Risk Transfer Mechanisms |
| 02:45 – 03:00 | ☕ Coffee Break |
| 03:00 – 04:30 | Case Study: Allocating risks in an EPC contract |
🗓️ Day 3: Risk Assessment Tools and Techniques
| Time | Topic |
|---|---|
| 08:30 – 10:00 | Qualitative vs Quantitative Risk Assessment |
| 10:00 – 10:15 | ☕ Coffee Break |
| 10:15 – 12:15 | Risk Matrices, Checklists, and Heat Maps |
| 12:15 – 01:15 | 🍽 Lunch Break |
| 01:15 – 02:45 | Risk Registers and Tracking Systems |
| 02:45 – 03:00 | ☕ Coffee Break |
| 03:00 – 04:30 | Workshop: Building a contract risk register |
🗓️ Day 4: Mitigation Strategies and Claims Avoidance
| Time | Topic |
|---|---|
| 08:30 – 10:00 | Developing Mitigation Strategies – Prevention vs contingency |
| 10:00 – 10:15 | ☕ Coffee Break |
| 10:15 – 12:15 | Managing Time & Cost Risks – Extensions, delays, escalation clauses |
| 12:15 – 01:15 | 🍽 Lunch Break |
| 01:15 – 02:45 | Claims Avoidance and Early Resolution |
| 02:45 – 03:00 | ☕ Coffee Break |
| 03:00 – 04:30 | Case Study: Risk-driven contract renegotiation |
🗓️ Day 5: Dispute Resolution and Best Practices
| Time | Topic |
|---|---|
| 08:30 – 10:00 | Dispute Resolution Mechanisms – Negotiation, mediation, arbitration |
| 10:00 – 10:15 | ☕ Coffee Break |
| 10:15 – 12:15 | Lessons from Failed Contracts – Common pitfalls and red flags |
| 12:15 – 01:15 | 🍽 Lunch Break |
| 01:15 – 03:00 | Best Practices in Contract Risk Management |
| 03:00 – 03:15 | ☕ Coffee Break |
| 03:15 – 04:30 | Final Q&A, Group Presentations, Feedback & Certificates |
📂 Course Materials Provided:
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Contract risk assessment toolkit
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Sample risk registers and templates
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Case study booklets on high-profile disputes
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Risk allocation and insurance guidelines
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Checklist for risk-based contract reviews
