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.)
Social media marketing is one of the most important digital marketing channels. Social media marketing uses social media platforms to create awareness about the product. Digital Marketing uses online and offline channels to promote products to the customer.
Organizations typically start using electronic document management systems to transform paper-based operations after reaching an internal tipping point in which customer response times become too slow, departments don’t have enough bandwidth to solve recurring process bottlenecks, paper archiving becomes too costly or large-scale regulatory risks are exposed during a data breach or compliance fines.
For organizations that have defined but resource-intensive business processes, EDMS is an ideal fit. Document management helps organizations across industries sidestep this busy work entirely by eliminating manual document maintenance, reclaiming valuable staff time, and boosting the bottom-line.
This program provides the Public Relations and Service Department Managers the essential skills to create goodwill for your products, services, and ideals. It aims to assist you to do an effective job of building the Image of your Organization or department. It discusses the art and techniques for effective public relations (Image Building). Image building is discussed as an essential planned activity: including PR deliverables, Tasks, Resources, and Strategy Options. Program content includes: Analysis & Definition of PR Issues, Developing Action Plans, Communication & Implementation, and, monitoring and evaluation of outcomes.
Today’s executives have no room for error in navigating the market upturn to ensure their organization's survival and success. This all-new capstone to our Management Program is a fast track to more effective senior management by learning to best leverage your corporation’s competencies and build high value, sustainable growth.
An excellent course for experienced executives looking for late-breaking management ideas centered on strategy and “growth maximization” to prepare for market realities in the next three years.
Self-mastery is not achieved by accident - it is a process that occurs as we interact effectively with the events and circumstances of our lives. Each moment of our lives provides an opportunity to practice self-mastery by expanding our visions, awakening the faculties of our minds and our hearts, and assuming full responsibility for living, growing, and contributing. As we master our own emotions, we can enhance our ability to lead others, acting as a role model and someone others would truly wish to follow. Through this program, you will learn a great deal about yourself – how you think, how you perceive the world and how others perceive you, how you communicate and how you can enrich your communication skills - and through that process, you will learn how to lead others with great skill.
Risk is key in any project yet is often misunderstood as to the huge value that it can deliver, both to the project itself and to the people involved. This interactive, highly practical Risk Management Professional training course is designed to help delegates cover the risk management framework from the fundamentals up to the senior management level. This training course is delivered in such a way that delegates can expect to become skilled risk practitioners themselves.