| COURSE : CERTIFIED CONTRACTUAL RISK MANAGEMENT PROFESSIONAL | |
|---|---|
| Course Overview | Various projects often require significant investment of time and resources, therefore stakeholders need to carefully look into their contractual responsibilities to ensure minimum disruption to their ventures. Key parties need to identify the potential risks and explore mitigation solutions prior to the start of their projects. As part of continuity planning, key parties are required to work through effective risk management policies in managing contracts. |
| Training Duration | Total Training Hours : 30 Hours Training Duration : 1 Week Total Training Days : 5 Working Days |
| Training Schedules | Weekdays (Sunday to Thursday) Regular Sessions : 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm) Food & refreshments Included WeekEnds (Friday & Saturday) Fast Track Sessions: 8 Hours per day (9am to 5pm) Food & refreshments Included |
| Certifications: | 1) Certificate from Laurels Training Institute, Attested by Knowledge & Human Development Authority (KHDA) government of Dubai, UAE - With Online Worldwide recognition facility 2) Certificate from American Institute of Professional Studies (AIPS) from USA (After 15 Days of course Completion which will couriered to the attendees office address) - With Online Worldwide recognition facility " |
| Tests | Yes |
| Learning Aids | Yes |
| Course Material | Hard & Soft Copies of Study Material |
| Language of Instruction | English |
| Instructor Helpline | Yes 1. Email 2. Social Media (For Emergency requirements) |
| Registration Requirements | 1. Passport Copy 2. Curriculum Vitae 3. Passport size photographs 4. Course Fee |
| Mode of Payment: | Cash / Cheque / Credit Card / Bank Transfer. |
| Eligibility Criteria (Who should attend this training) | This event is designed for project owners, project managers, financial controllers, contract/procurement managers, purchasers, sales and marketing professionals and other stakeholders involved in managing projects and contracts involved. • Contract negotiators • Legal managers • In-house lawyers • Legal counsels • Business development managers • Business planners |
| Course Benefits | Broaden your understanding of what contracts risk impacts on projects • Understand better the business partners concerns regarding risk and avoid future challenges • Learn how to improve the risk clauses used in your company • Review examples and best practices from around the world and manage contract risk • Get an insight into assessment techniques such as mapping and risk metrics from a legal perspective • Participate in challenging contract drafting exercises and ensure a robust contract in the future |
| Course Contents / Outline | Types & Management of Risk The requirement for Contractual Relationships Defining Risk Categories of Risk for Both Sides of a Contract Risk Assessment Process Managing Risk Qualifying Suppliers Defining Internal Control Proportionality of Control
Minimizing & Transferring Risk Transferring Risk through Contract Types Firm Fixed Price or Lump Sum Contracts Cost Reimbursable Contracts Incentive Contracts Award-Fee Pricing Arrangements Indemnities Cross Indemnities Insurance
Risk Related Terms & Conditions External Events Force Majeure Strikes and Other Labour Disputes Risk and Title Use of ICC Incoterms Assignment and Novation Other Clauses that Need to Flow Down to Sub-contractors Risks Associated with Sub-Contractors
Dealing with Financial Risks Controlling Risk Associated with Payments Currency Risk Economic Risk Fraud and Corruption Limiting or Excluding Liability Distinctions between Liability in Contract, and the General Law “Gross Negligence” A Review of Some Sample Clauses from Standard Contracts, and other Real Documents
Remedies When Bad Stuff Happens Mistakes and Misrepresentations Impracticability of Performance Remedies Generally Types of Remedies Liquated Damages Warranties |