Contract Risk Management

About the Course

This course falls within our contract management series within our CMP certification. You will learn the fundamentals of risk management in contracts and how it can be applied practically to your 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.

This contract risk management 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 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 want to learn how to manage risk in contracts in order to improve project outcomes, then this course is the perfect fit.

Who Will Benefit

As one of the core units in our CMP series, this contract risk management training course is relevant for those concerned with defining and implementing best practice contracts, as it illustrates how controlling 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.

Key Learning Objectives

• Understand how to develop an integrated risk management process for all your contracts/projects to reduce business risk
• Appreciate how to obtain a realistic contingency for your contracts to improve competitiveness as a tenderer or to obtain 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

Course Information

Instructional Delivery Method: In Person and Live Digital
Prerequisite & Advanced Preparation: Reading material will be sent prior to the course

International Institute of Business & Technology

The International Institute of Business & Technology Aust (IIBT) is a highly respected, government-approved, Australian provider of higher education and VET programs. Their suite of programs includes a University level Diploma of Business Administration, equivalent to the first year of a business related undergraduate degree at Australian Universities.

Delivered by Beverley Honig

Beverley Honig is an internationally qualified lawyer with over 20 years’ experience in Australia, the United Kingdom and Middle East. A winner of The Australian Financial Review and Westpac 100 Women of Influence Awards, she is also listed in the Who’s Who of Business in Australia and the Businesswomen Hall of Fame.

Run this course in-house

Informa Connect Academy’s customised training solutions have helped organisations deliver tailored learning in different languages to suit every requirement.