About this Training Course

In order to minimize risk and mitigate any losses, it is necessary to monitor the contract closely throughout its lifecycle. Identifying risks posed by the contract and negotiate terms and conditions to protect oneself from any impending threat of loss. This course will utilise a variety of proven learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes case studies, group discussions and role-play.

Who Should Attend

• Project Managers
• Contract Managers
• Claims Managers
• Supervisors
• Legal Counsel
• Project and Contract Executives
• Managers
• Finance Managers

Key Learning Objectives

•Appreciatethe state of contractual processes from inhibiting, enabling, optimizing, to becoming best in class
•Knowthe multiple facets that should be accounted for when assessing contract risks
•Exploreways to mitigate risks with the help of best practices and processes
•Minimise“maverick spend”, or off-contract spend, the major risk of ineffective contract management
• Beingproficientin the use of terms and language used in the contract
•Learneffective negotiation techniques to obtain best terms to limit risks and liabilities

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