Risk is a critical consideration in the contracting and procurement process, and is directly related to the successful achievement of targeted goals and objectives. A thoughtful and proactive approach toward risk, as it relates to specific procurement actions, contributes to the success of contract performance.
The emphasis of PROCLAD Academy’s Advanced Contract Risk Management training course is on developing a solid understanding of the complexities of risk management. The course content recognizes the importance of planning, monitoring, and proactive insight into risk areas related to the contract’s stated performance outputs and outcomes.
The key features of PROCLAD Academy’s Advanced Contract Risk Management training course are:
- Overview of risk management and how it can be applied to contracts consistently
- Practical application of quantitative data to mitigate contract risk
- Pre & post contract processes, such as managing contingency & resolving issues
- Optimising contract risk management rather than risk allocation
- Using risk management processes to identify weaknesses in the contract