The key functions of contracting is to ensure that risks to owners and contractor are identified and managed in a way that both parties are satisfied with the project outcome. While a contract cannot, of itself, make risk “disappear”, it can, and should, identify the risks, determine who is responsible for managing each individual risk, and for the consequences should the risk occur.
The following are the highlights of this workshop:
Critical understandings of the risk mitigation process
Knowledge to move contracts from the tactical to a more important strategic focus
Ability to identify risks that can arise
Skills in allocating contract and procurement risk
Examples of Contract Terms and Conditions which allocate risk
Date: 16th & 17th July 2024
Venue: Opulent Solutions Sdn. Bhd., Bayan Lepas, Penang
Course Objectives:
Upon completion of this programme, participants will be able to:
Understand of how risk arises
Compare different methods of identifying and assessing risk
Review the impacts of different approaches to risk allocation
Explore different Contract types to transfer risks
Consider the contractual techniques to ensure effective risk allocation
Review risk management techniques during the life of a contract
Develop risk identification and assessment skills
Heighten understanding of the alternative methods of allocating risk
Improve understanding of different approaches to managing risk during a contract
Improve the ability to reduce the negative impact of poorly-managed risk on a project or a company.
Who Should Attend:
Professionals working with Purchasing, Procurement or Tendering
Risk & Compliance Managers and officers
Individuals who want to develop and refine their project and contract risk management skills.
Training Methodology:
Highly Interactive Session, with a bilateral approach to the subject matter allowing participants to share incidences at respective work locations.
Mind Mapping and Recap Sessions
Case Studies on various reported Cases
Group Activity and Presentation
More Training Photos:
Feel free to contact TSY Consultancy by Call / WhatsApp to +6012-6243921 or email to marketing@tsy.my
Cheers.
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