Course Details

Supply Chain Risk Management in Projects Training Course: Mitigating risks related to global and complex supply chains.

Introduction

Fortify your projects against the complexities of global sourcing and logistics with our "Supply Chain Risk Management in Projects" training course. In today's interconnected world, projects are increasingly reliant on intricate, multi-tiered supply chains, making them vulnerable to disruptions that can cause significant delays, cost overruns, and even project failure. This intensive 10-day program equips project professionals with specialized strategies to identify, assess, and mitigate risks across the entire project supply chain. Learn to build resilient supply networks, ensure material availability, manage vendor performance, and navigate geopolitical and logistical challenges, safeguarding your project's success from source to delivery.

Duration

10 Days

Target Audience

This course is essential for project managers, program managers, procurement professionals, supply chain managers, risk managers, logistics coordinators, and anyone involved in projects that rely on complex or global supply chains. It is particularly beneficial for those in:

• Manufacturing and industrial projects.
• Infrastructure and construction.
• Retail and consumer goods projects.
• IT and technology implementation projects (hardware/software procurement).
• Organizations with extensive international sourcing or distribution.
• Professionals seeking to enhance project resilience and minimize supply chain-related disruptions.

Course Objectives

Upon successful completion of the "Supply Chain Risk Management in Projects" training course, participants will be able to:

• Understand the unique characteristics and inherent risks of global and complex project supply chains.
• Identify and categorize a wide range of supply chain risks, including operational, financial, geopolitical, and environmental.
• Apply systematic methodologies for assessing and prioritizing supply chain risks at various project stages.
• Develop proactive strategies for mitigating supply chain vulnerabilities and enhancing resilience.
• Master techniques for effective vendor selection, contract management, and performance monitoring for risk reduction.
• Implement robust communication and collaboration frameworks with supply chain partners.
• Understand the role of technology and data analytics in improving supply chain visibility and risk detection.
• Develop contingency plans and rapid response strategies for supply chain disruptions.
• Navigate ethical and compliance considerations in global supply chains.
• Formulate a comprehensive action plan for integrating supply chain risk management into their project management framework.

Course Modules

Module 1: Introduction to Project Supply Chain Risk Management

• Defining project supply chains: From raw materials to final delivery.
• Why supply chain risk management is critical for project success: Delays, cost overruns, quality issues, reputation damage.
• Key characteristics of modern project supply chains: Globalization, complexity, interdependencies.
• Types of supply chain risks relevant to projects: Operational, financial, reputational, legal, geopolitical, environmental.
• Case studies of projects impacted by supply chain disruptions (e.g., natural disasters, geopolitical events, pandemics).

Module 2: Identifying Project Supply Chain Risks

• Mapping the project supply chain: End-to-end visibility.
• Techniques for identifying potential vulnerabilities and failure points (e.g., single points of failure, bottlenecks, long lead times).
• Risk workshops and brainstorming sessions for supply chain-specific risks.
• PESTLE analysis with a supply chain lens.
• Understanding inherent vs. residual supply chain risk.

Module 3: Assessing and Prioritizing Supply Chain Risks

• Qualitative risk assessment: Likelihood, impact, and velocity for supply chain risks.
• Quantitative risk assessment methods for supply chain disruptions (e.g., simulation, cost-benefit analysis).
• Developing a risk matrix tailored for supply chain risks.
• Prioritizing risks based on their potential impact on project objectives (scope, schedule, budget, quality).
• Risk Appetite and Tolerance in the context of supply chains.

Module 4: Risk Mitigation Strategies in Supply Chains

• Diversification of suppliers and sourcing locations.
• Building redundancy and buffer stock where critical.
• Dual sourcing and multi-sourcing strategies.
• Near-shoring, re-shoring, and regionalization of supply chains.
• Investing in supplier relationships and collaboration.

Module 5: Supplier Selection and Contract Management for Risk Mitigation

• Integrating risk assessment into the supplier selection process.
• Due diligence on supplier financial health, operational stability, and risk management practices.
• Negotiating robust contracts with clear risk allocation clauses.
• Service Level Agreements (SLAs) and performance incentives for risk reduction.
• Contractual remedies for supply chain disruptions.

Module 6: Monitoring, Visibility, and Early Warning Systems

• Importance of supply chain visibility: Knowing where your materials are at all times.
• Leveraging technology for real-time tracking, IoT, and predictive analytics.
• Implementing early warning systems for potential disruptions (e.g., geopolitical alerts, weather forecasts, supplier financial health indicators).
• Developing dashboards and key risk indicators (KRIs) for supply chain health.
• The role of data integration and analytics in proactive risk management.

Module 7: Resilience and Agility in Project Supply Chains

• Building an agile supply chain: Responsiveness to demand and supply fluctuations.
• Creating flexible processes and adaptive operational models.
• Cross-training and multi-skilling for supply chain roles.
• Decentralized decision-making for faster response to local disruptions.
• The "learn and adapt" mindset for supply chain management.

Module 8: Crisis Response and Business Continuity for Supply Chains

• Developing comprehensive supply chain disruption contingency plans.
• Crisis communication protocols with suppliers, logistics partners, and internal stakeholders.
• Establishing alternative sourcing and transportation routes.
• Rapid recovery strategies for critical supply chain components.
• Conducting supply chain stress tests and simulation exercises.

Module 9: Ethical and Compliance Considerations in Global Supply Chains

• Understanding and mitigating risks of forced labor, human rights violations, and environmental degradation in the supply chain.
• Ensuring compliance with international trade regulations, sanctions, and customs.
• Managing intellectual property risks with global suppliers.
• Ethical sourcing policies and supplier codes of conduct.
• Building a responsible and sustainable supply chain.

Module 10: Integrating SCRM into Project Management & Future Trends

• Establishing a supply chain risk management framework within the PMO.
• Assigning clear roles and responsibilities for SCRM in projects.
• Leveraging project management software for SCRM.
• Future trends: Blockchain for supply chain transparency, AI for predictive analytics, automation.
• Developing a personalized action plan for integrating robust SCRM into your projects.

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