Identifying and managing risks to owners and contractors in a way that both parties are happy with the project's conclusion is one of the main purposes of contracts. While a contract cannot, by itself, "make risk go away," it may and should identify the risks, as well as specify who is in charge of managing each risk individually and what would happen if the risk materialized.
At the end of this conference, the participants will be able to:
Give an explanation of how risk develops
Compare various approaches to determining and rating risk.
Review the effects of various risk-adjustment strategies.
Investigate various contract types to shift risks.
To guarantee efficient risk allocation, take into account contractual procedures.
Review risk-management strategies while a contract is still in effect.
Project personnel, contracts, tenders, purchases, and procurement
Personnel involved in contract administration, engineering, operations, and maintenance
Personnel for Risk, Claims, Finance, and Audit
Professionals in project management
All others who work for companies whose leaders demand high levels of proficiency from individuals engaged in these activities as well as those who plan, evaluate, prepare, and manage tenders, specifications, awards, and contracts that cover the procurement of materials, equipment, and services.
The Importance of Contractual Relations
Specifying the Risk Categories for Both Parties in a Contract Risk Assessment Process
Controlling Risk Selecting Suppliers
Internal Control Definition Proportionality of Control
Risk Transferring through Contract Types
Cost-Reimbursable Contracts Firm Fixed Price or Lump Sum Contracts
Incentive agreements
Pricing Policies for Awards
Indemnities
Insurance Against Cross-Indemnities
External Factors
Powers That Be
Worker disputes, including strikes
Title and Risk
ICC Incoterms usage
Assignment as well as Novation
Additional provisions that must be passed down to subcontractors
Associated Risks with Subcontractors
Managing the Payments-Related Risk
Financial Risk
Financial Peril
Corruption and Fraud
Liability Limitation or Exclusion
Differences between General Law and Contract Liability
Grave Carelessness
Examining a Few Sample Clauses from Standard Contracts and Other Real Documents
Errors and False Statements
Impossibility of the Performance
General Treatments
remedies types
damage settlements
Warranties
Cover
Review of Real-World Examples (Delegates are urged to present both real-world and fictitious examples for discussion.)
Because supervisory levels are the link between the executive and senior management levels, achieving the organization's objectives, increasing productivity and overall performance of the organization, affects the effectiveness and efficiency of supervisors' performance.
And because of the skills of supervisors in any organization in need of continuous development, and to acquire advanced tools and methods that reflect on the deepening of these skills and activate their role in motivating individuals working, and push them to commit to the goals of the organization.
You need this conference to learn about supervisory skills and advanced methods, to be able to play an effective and supervisory role in your organization.
Managing an office has become an increasingly sophisticated and complex job. The increased demand for speed and accuracy, knowledge of new technology, and an increasingly diverse workforce bring challenges and also opportunities for growth. This dynamic and in-depth course explores some of the more advanced skills which can help an office manager to work more confidently, creatively, and effectively.
As a supervisor, the success of your organization rests in your hands. This course provides you with the opportunity to develop highly effective and essential supervisory skills that will strengthen teamwork and organizational success. Also, this course will help you manage everyday operations with greater ease. Furthermore, it will help you leverage both your managerial and people skills to meet your new challenges as the 21st-century supervisor.
This course is designed for participants to introduce to key issues and themes in international development.
Participants will explore and engage in academic debates and discussions around a set of key factors that shape, influence, and constrain the development and prosperity of nations.
The course will explore a number of key themes in international development, including how questions of gender and generation shape the impact of poverty; how processes of globalization, migration, and violent conflict impact development; and how development and the environment are linked.
It also considers what exactly we mean by poverty, and how different ways of understanding poverty feed into different approaches to tackling it.
It will also consider development institutions: what are the key institutions in the architecture of international development? How do they differ, and what are the challenges and opportunities they present? Through this module, participants will gain a solid background in the various factors which shape current approaches to and debates on international development.
By introducing participants to a range of problems in economic development, we will look to analyze how economic theory and models can explain the lack of development in some nations. We will apply such theory to real-world economies to understand the nature of the problems they face and how effective policies can be in tackling the problems.
A five-day course on the practical aspects of piping and pipeline design, integrity, maintenance, and repair. The participants will obtain an in-depth understanding of the ASME B31 code rules and API standards, their technical basis, and practical application to field conditions.
Corporate/Public governance and risk management are critical There is increasing attention being paid to corporate governance and risk management in business schools and among legislators.