Master contract risk management! This training covers integrated risk processes, contingency planning, quantitative analysis for issue resolution, contract review, and latest developments for improved outcomes, including safety risk management.
| Date | Venue | Duration | |
|---|---|---|---|
| 02 - 04 April 2025 | Sandton | 3 Days | Register Now |
| 13 - 15 May 2025 | Sandton | 3 Days | Register Now |
| 23 - 27 June 2025 | Sandton | 5 Days | Register Now |
| 04 - 08 August 2025 | Cape Town | 5 Days | Register Now |
In this Contract Risk Management training, you will learn about risk management and how it can be applied practically to your contracts and projects in a consistent way. It will also address how project risk management processes can be minimised compared to more conventional Enterprise Risk Management (ERM) processes. The course will explore the practical application of quantitative data as well as pre and post contract processes (such as managing contingency and resolving issues). It will illustrate how optimising risk management rather than risk allocation can improve contract outcomes.
How to use risk management processes to ‘stress’ contracts will also be addressed so as to identify any weaknesses in the contract. Recent leading edge developments will be explored such as integrating value and risk management, and setting up processes to enable risk management to occur between the parties pre and post contract. If you are working with contracts (either in the principal – or a contractor’s team – employee or consultant) and wanting to see how risk management can improve contract/project outcomes then this course is the perfect fit.
Upon completion of Contract Risk Management course, participants will be able to:
Understand how to develop an integrated risk management process for all your contracts/project to reduce business risk.
Appreciate how to obtain a realistic contingency for your contracts so as to improve competitiveness as a tenderer or for obtaining project funding.
Use risk management with the parties pre and post contract to gain better contract outcomes.
Quantify issues to enhance quicker and more commercially focused contract negotiations.
Develop contracts that are more equitable using risk management.
Learn to use risk processes to ensure the contract is robust (or to find its weaknesses)
Integrate safety risk management processes that flow from principal to designer, contractor and operators/maintainers.
Prospen Africa’s Contract Risk Management course is relevant for those concerned with defining and implementing best practice contracts, as it illustrates how managing risk can affect and improve your organisation’s contracting outcomes in any industry sector. In other words, this course is beneficial to all those working with contracts and tasked with optimising their performance.
Our diverse instructional approaches ensure effective learning:
– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.
Overview of risk management
The development of risk management
Risk in the project/contract cycle
Individual risk profiles and implications
Benefits of undertaking risk management to an organisation
Development of an integrated context
An outline of the qualitative risk management process
Minimising process requirements for contracts
The importance of objectives
The use of a risk breakdown structure
Development of risk management process for your contracts/projects
Workshops – how and when
Reporting and key factors for ongoing management of risk
Developing a procedure that supports governance and aligns
With enterprise risk management processes Identifying contingency
What has happened in the past
What is possible now
How to use contingency as a tool to add value to project
management and tendering processes
Using quantitative analysis for issues management
Issues logs and required data
Assessing the “bottom line”
Using the analysis in contract negotiations
Undertaking a detailed review of the contract
Planning a workshop to “stress” the contract
Identifying areas of weakness
Using this to improve your contract or tender
Latest developments to improve contract outcomes.
Using risk management with the parties to improve the contract during tendering
Using risk management post contract to reduce conflict
Gaining a competitive advantage through risk management
Raising the safety risk management bar
Setting up processes for a whole of project life approach to safety
Complying with aspirational and government standards
Integrating processes from safety in design to standard operating procedures
Real case study analysis
Participants will be given the opportunity to undertake a number of exercises using their own projects/contracts information during the two days Participants are encouraged to bring contract details and will be expected to keep information provided by other participants confidential.
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