About Course

Name: Effective Contract Management Training- Kenya
Price: 1200 KES
Availability: InStock

Effective Contract Management Training- Kenya

Category: Management and Administration Training

Overview

The Expedition

This effective contract management training is designed to help professionals take full control of the contract process. From planning and negotiation to monitoring and closeout, you will learn how to set clear expectations, manage risks, track deliverables and build stronger working relationships.

Whether you are new to contract management or looking to sharpen your skills, the course offers practical knowledge you can apply right away. It is available both in person and online to fit your schedule. After completing the training, you will receive a Certificate of Completion to show your expertise.

Program Objectives

Appreciate the entire process of contract and project risk mitigation
Assess different types of risks associated with project scope, schedule and available resources
Apply Effective tools and techniques while performing quantitative and qualitative risk assessments
Determine the level of impact for different approaches to risk allocation
Identify different types of contracts for risk transference
Design the Risk Monitoring Plan and implement corresponding risk mitigation strategies
Alter the focus of Contract and Project risk management from tactical to more proactive and strategic

Target Audience

Professionals working with Purchasing, Procurement or Tendering
Project Risk Managers, Project Managers
Risk and Compliance Managers and officers
Finance and Audit Personnel
Individuals who want to develop and refine their project and contract risk management skill

Training Modules

1: Fundamentals of Contract Risk Management

Definition and types of contract risks
Identifying risks in contracting
Impact of local, national, and international laws
Contract risk assessment process
Tools and techniques for managing contract risks
Managing inadequate contract execution and obligations

2: Contract Risk Mitigation and Risk Transfer

Risk mitigation strategies
Transferring risks through contract types
Mechanisms to enforce performance
Exclusion, time, and notice provisions
Handling delays, disruptions, acceleration, and global claims
Firm fixed price, lump sum, cost reimbursable, and incentive contracts
Limitation of liabilities: indemnities, cross indemnities, and insurance
Key risk-related terms and conditions

3: Payment, Economic, and Fraud Risk Management

Assessing payment and economic risks
Managing currency risks
Identifying and preventing corruption and fraud
Holistic risk management across the contract lifecycle
Contractor performance evaluation
Monitoring techniques and performance reporting
Remedies for contractual mistakes and misrepresentations

4: Project Risk Management and Compliance

Understanding project uncertainty
Individual and corporate approaches to project risk
Components of project risk
Project selection and risk evaluation
Principles of effective project risk management
Project risk planning and risk preferences

5: Risk Identification and Analysis in Projects

Project risk lifecycle
Structured and informal risk identification methods
Sources of scope, schedule, and resource risks
Project priority matrix
Quantitative and statistical risk analysis
Risk quantification using PERT

6: Risk Response Planning and Monitoring

Risk response strategies for negative and positive risks
Contingency planning
Monitoring and controlling project risks

Delivery Method

This program is taught through a mix of practical activities, theory, group work and case studies. Training manuals and additional reference materials are provided to the participants.