Contract Risk Management & Compliance Training Course

Course Category : Project Management

This course equips professionals with structured approaches to identifying, allocating, and managing contractual risks while ensuring compliance throughout the contract lifecycle to safeguard value and project outcomes.
Duration & Level: 5 Days – Intermediate Level

Introduction

Contract risk management is no longer a purely legal concern; it is a strategic managerial function that directly influences financial and operational performance. While contracts cannot eliminate risk, they define it, allocate responsibility, and establish mechanisms to address consequences when risks materialise.
This course provides a practical and structured understanding of contract risk management and compliance, covering risk identification, allocation, mitigation, and control across the contract lifecycle to support successful and compliant project outcomes..

Targeted Audience

Contracts, tendering, procurement, and purchasing professionals
Contract administration, engineering, operations, and maintenance staff
Risk, claims, finance, and audit personnel
Project management professionals
All personnel involved in planning, awarding, and managing contracts

Targeted Skills

Contract risk identification and assessment
Risk allocation through contract structures
Contract compliance and control
Financial and liability risk management
Managing remedies and contractual breaches

Expected Outcomes

Understand how contractual risks arise and evolve.
Apply practical tools for assessing contract risk.
Select contract structures and clauses to allocate or mitigate risk.
Manage financial and liability-related risks effectively.
Address breaches and remedies in a structured manner.

Training Topics Index

Definition and sources of risk
Categories of contractual risk
Risk assessment tools
Contract compliance controls
Internal control proportionality

Risk transfer through contract types
Fixed price and lump sum contracts
Reimbursable contracts
Incentives and indemnities
Insurance as risk transfer

External events
Force majeure
Title and risk transfer
ICC terms
Subcontractor risk

Payment and currency risk
Economic risk
Fraud and corruption
Limitation of liability
Gross negligence

Mistakes and misrepresentation
Impracticability of performance
Contractual remedies
Liquidated damages
Warranties and cover

Course Features

Updated and Interactive Content
Hypothetical Examples and Case Studies
Pre- and Post-assessments to Measure Impact
Verified Certificate with a QR Verification Code

Contract Risk Management & Compliance Training Course