Course Details

Contract, Project Risk Management and Compliance Training Course

INTRODUCTION

In today's competitive and regulated business environment, managing contracts, identifying and mitigating project risks, and ensuring compliance with legal and regulatory standards are critical for the successful execution of projects. This course offers a comprehensive understanding of the contractual frameworks, risk management strategies, and compliance requirements necessary to protect organisations from potential failures, disputes, and liabilities.

A Training Course on Contract, Project Risk Management, and Compliance is aimed at providing participants with the knowledge and skills needed to effectively manage contracts, mitigate risks, and ensure compliance in various projects. This course is essential for professionals involved in contract management, risk assessment, project management, and regulatory compliance across industries.

DURATION

10 Days

TARGET AUDIENCE

• Contract managers, project managers, and procurement officers
• Legal and compliance officers
• Risk managers and project finance professionals
• Business executives and decision-makers responsible for overseeing contracts and regulatory compliance in projects

OBJECTIVES

By the end of the course, participants will be able to:

1. Master Contract Management: Understand the life cycle of contracts and the best practices for negotiating, drafting, and managing contracts.
2. Mitigate Project Risks: Identify, assess, and develop mitigation strategies for risks in various types of projects.
3. Ensure Regulatory Compliance: Navigate complex regulatory environments and implement compliance frameworks to meet local and international legal standards.
4. Dispute Resolution: Understand legal remedies, dispute resolution mechanisms, and how to avoid or manage contractual disputes.
5. Implement Risk Management Frameworks: Design and implement effective risk management frameworks across different projects.
6. Integrate Compliance and Ethics: Incorporate ethical considerations and compliance with legal frameworks into project and contract management practices.
7. Monitor and Audit: Apply tools and techniques for monitoring compliance and conducting internal audits to ensure contract and risk adherence.

COURSE OUTLINE

Module 1: Introduction to Contract Management

• Key Elements of a Contract
• Types of Contracts: Fixed Price, Cost-Reimbursable, Time and Materials, etc.
• Contract Life Cycle: Negotiation, Drafting, Execution, and Close-Out
• Roles and Responsibilities in Contract Management
• Common Challenges in Contract Management

Module 2: Contract Negotiation and Drafting

• Negotiation Techniques for Contracts
• Drafting Key Contract Clauses: Deliverables, Payments, Warranties, and Liabilities
• Terms and Conditions: Risk Transfer, Indemnities, and Insurance Clauses
• Contract Amendments and Variations
• Contract Templates and Standard Forms

Module 3: Contract Performance Management

• Monitoring Contractor Performance
• Managing Contractual Obligations and Deliverables
• Dealing with Contract Changes and Modifications
• Penalties, Remedies, and Contractual Disputes
• Contract Termination and Renewal Strategies

Module 4: Introduction to Project Risk Management

• Defining Project Risks: Types and Classifications
• The Risk Management Process: Identification, Analysis, and Response
• Risk Breakdown Structure (RBS) and Risk Registers
• Risk Quantification: Qualitative and Quantitative Risk Analysis
• Tools and Techniques for Risk Identification (SWOT, Brainstorming, Checklists)

Module 5: Risk Mitigation and Contingency Planning

• Developing Risk Response Strategies: Avoidance, Mitigation, Transfer, and Acceptance
• Building Contingency Plans and Reserves
• Risk Monitoring and Control
• Case Studies: Successful Risk Mitigation in Projects

Module 6: Legal and Regulatory Compliance in Projects

• Overview of Regulatory Compliance in Different Industries
• Local vs. International Regulatory Requirements
• Identifying Applicable Laws and Regulations (e.g., FCPA, GDPR, AML)
• Contractual Clauses for Regulatory Compliance
• Creating Compliance Plans for Projects

Module 7: Compliance Frameworks and Risk Management

• Key Compliance Frameworks: ISO Standards, Sarbanes-Oxley, Anti-Bribery Standards
• Integrating Compliance into the Risk Management Process
• Compliance Audits and Monitoring
• Ethical Issues and Corporate Social Responsibility (CSR) in Contracts
• Case Studies: Compliance Failures and Their Impact on Projects

Module 8: Dispute Resolution and Claims Management

• Common Causes of Contract Disputes
• Preventing Contractual Disputes Through Proper Risk Allocation
• Claims Management: Preparing and Defending Claims
• Dispute Resolution Mechanisms: Negotiation, Mediation, Arbitration, and Litigation
• Enforcing Contractual Obligations: Legal Remedies and Settlements

Module 9: Implementing Risk and Compliance Audits

• The Role of Audits in Risk Management and Compliance
• Developing Internal Audit Procedures
• Key Metrics for Monitoring Compliance and Risk
• How to Conduct a Risk and Compliance Audit
• Reporting and Corrective Actions After Audits

Module 10: Tools and Technologies for Contract, Risk, and Compliance Management

• Software Solutions for Contract Lifecycle Management (CLM)
• Tools for Project Risk Assessment and Monitoring
• Compliance Management Systems (CMS)
• Emerging Technologies: Blockchain, AI, and Smart Contracts
• Best Practices for Leveraging Technology to Enhance Contract and Risk Management

CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com