The Contractual Risk Management Training Course by Solid State Training has been built with the following objectives:

• To enable the participants to determine the elements of the contract risk management procedure
• To enable the participants to draw a parallel between contract management and contract risk management
• To highlight the effective ways to detect, assess, reduce, and monitor contract risks
• To recognize and describe the many ways in which contract risks manifest
• To enable comparison between different strategies for identifying and measuring risk
• To assess the consequences of various measures when allocating risk
• To understand the effects of various risk-allocation strategies
• To highlight techniques of risk transfer in contract management
• To develop the ability to comprehend real contract management requirements and client accountability
• To facilitate better communication between the commercial, technical, and legal departments to handle issues throughout the lifecycle of a contract

The training will utilize the following training methods:

• Interactive lectures by industry experts
• Practical and results-oriented learning paradigm
• Use of case studies, roleplays, action planning and practice sessions
• Feedback based interaction
• Q&A and debates

Like all our other courses available, this one is structured on the tried-and-true “Do-Review-Learn-Apply” cycle.

This training course from Solid State Training will benefit an organization in the following ways:

• Project and management teams of the organization will be more successful if the experience of those involved in contract generation and risk management is expanded
• By effectively recognising and managing risks, the total cost of ownership will be understood and decreased
• Clear risk distribution reduces the likelihood of conflicts, and those that do emerge will be resolved swiftly by trained professionals, with little expense, delay, and inconvenience
• Reduced project failure, costly adjustments, and cost overruns caused by a lack of awareness and management of contractual risk

This training course from Solid State Training will benefit a participant in the following ways:

• The level of understanding among participants on the true needs of contract management and the accountability of clients will increase
• Participants will witness improved coordination between the commercial, technical, and legal teams from contract inception to closure
• Participants will have an increased understanding of contractual risks and the capacity to allocate dangers strategically
• Participants will be able to strengthen their capacity to identify and evaluate potential risks which will set them apart from other professionally