Training on Effective Contract Risk Management Masterclass
Master effective contract risk management. Our training empowers you to identify potential risks, develop mitigation strategies, and protect your business interests.
Next intake
20 Jul 2026 · Nakuru
Duration
5 days
Live instruction
Delivery
Physical + Virtual
Cohort based
Level
Advanced
Working professionals
Certification
NITA reimbursable
For Kenyan cohorts
Language
English
All materials
About this programme
A contract is an agreement that is enforceable at law. It is the primary tool through which organisations manage relationships and understanding with the other party. The risk is a critical consideration in the contracting process. A thoughtful and proactive approach toward risk, as it relates to specific contract actions, contributes to the success of contract performance. The risk is directly related to the successful achievement of targeted goals and objectives.
The emphasis of this course is on developing a solid understanding of the complexities of risk management. The course content recognizes the importance of planning, monitoring, and proactive insight and oversight into risk areas related to the contracts stated performance outputs and outcomes. Participants will learn how to integrate risk management practices into contract administration.
Course Duration
5 Days
Who Should Attend
- Contracts, Tendering, Purchasing, Procurement, and Project personnel
- Contract Administration, Engineering, Operational, and Maintenance personnel
- Risk, Claims, Financial, and Audit personnel
- And all others who are involved in the planning, evaluation, preparation and management of tenders and specifications
What you'll walk away with
By the end of the Effective Contract Risk Management Masterclass, participants will be able to:
- Identify the components of the risk management process.
- Apply useful techniques to identify, analyze, mitigate and monitor risks in the contracts.
- Describe each phase of the four-phase process model for managing risk.
- Review the impacts of different approaches to risk allocation
- Explore different contract types to transfer risks.
- Consider the contractual techniques to ensure effective risk allocation.
- Learn how to create an effective risk monitoring plan and risk management strategies.
- Reduce contract failure, costly changes, and cost overruns resulting from poor understanding and management of risk
- Effective use of the total cost of ownership method to properly identifying and managing the risks
- Integrate risk management practices into contract administration.
- Drive up the quality of the service delivered by their team
What we cover, module by module
Module 1: Overview of Risk Management
-
The Need for Contractual Relationships
-
Defining Risk
-
The Development of Risk Management
-
Gaining a Competitive Advantage Through Risk Management
-
Categories of Risk for Both Sides of a Contract
-
Risk Assessment Process
-
Managing Risk
-
Qualifying Suppliers
-
Defining Internal Control
-
Proportionality of Control
-
Case Study: Analysis of a high-profile contract dispute due to poor risk assessment
Module 2: Risk Mitigation and Management
-
How to establish contracts with well-balanced risks between customer and contractor?
-
Transferring Risk through Contract Types
-
Firm Fixed Price or Lump Sum Contracts
-
Cost Reimbursable Contracts
-
Incentive Contracts
-
Award-Fee Pricing Arrangements
-
Using Risk Management post contract to reduce conflict
-
Using Risk Management with the Parties to Improve the Contract during Tendering
-
Indemnities
-
Case Study: Successful mitigation of contract risks in a multi-national project
-
Practical Exercise: Designing a risk-balanced contract clause
Module 3: Risks Associated Clauses
-
External Events
-
Force Majeure
-
Strikes and Other Labor Disputes
-
Risk and Title
-
Assignment and Novation
-
Other Clauses that Need Managing Risks between Parties
-
Other Clauses that Need to Flow Down to Sub-Contractors
-
Risks Associated with Sub-Contractors
-
Case Study: Lessons learned from Force Majeure disputes and subcontractor risk failures
Module 4: Management of Financial Risks
-
Controlling Risk Associated with Payments
-
Currency Risk
-
Economic Risk
-
Fraud and Corruption
-
Limiting or Excluding Liability
-
Distinctions between Liability in Contract, and the General Law
-
Gross Negligence
-
A Review of Some Sample Clauses from Standard Contracts, and other Real Documents
-
Case Study: Managing financial exposure in international contracts and lessons from a currency fluctuation incident
Module 5: Contingency Measures
-
Mistakes and Misrepresentations
-
Impracticability of Performance
-
Remedies Generally
-
Types of Remedies
-
Liquated Damages
-
Warranties
-
Cover
-
Discussion of Real Examples: (Participants are encouraged to bring real or made-up examples for discussion)
-
Case Study: Real-life examples of contract contingencies and how effective planning prevented major losses
-
Practical Exercise: Developing a contingency plan for a hypothetical contract scenario
Where the change lands
Organizational Impact
-
Embeds advanced risk strategies in contracts, ensuring stronger financial outcomes.
-
Enhances business continuity by anticipating disputes and disruptions.
-
Aligns contracts with strategic objectives, boosting corporate resilience.
-
Builds a culture of risk awareness, improving reputation and competitiveness.
Personal Impact
-
Provides expert-level skills for senior leadership in procurement, legal, and operations.
-
Opens pathways to top strategic and executive roles.
-
Equips participants to safeguard financial health and operational stability.
-
Builds authority to lead high-stakes negotiations with confidence.
Dates and locations
Upcoming intakes
Every intake is limited to a small cohort. Booking closes when a date fills or three weeks before the start, whichever comes first.
| City | Starts | Ends | Delivery | Book |
|---|---|---|---|---|
NakuruNext | 20 Jul 2026 | 24 Jul 2026 | In-Person | Book |
Kigali | 20 Jul 2026 | 24 Jul 2026 | In-Person | Book |
Accra | 20 Jul 2026 | 24 Jul 2026 | In-Person | Book |
Kisumu | 27 Jul 2026 | 31 Jul 2026 | In-Person | Book |
Johannesburg | 27 Jul 2026 | 31 Jul 2026 | In-Person | Book |
Dakar | 27 Jul 2026 | 31 Jul 2026 | In-Person | Book |
- NakuruNext
20 Jul → 24 Jul·In-Person
Book this intake - Kigali
20 Jul → 24 Jul·In-Person
Book this intake - Accra
20 Jul → 24 Jul·In-Person
Book this intake - Kisumu
27 Jul → 31 Jul·In-Person
Book this intake - Johannesburg
27 Jul → 31 Jul·In-Person
Book this intake - Dakar
27 Jul → 31 Jul·In-Person
Book this intake
Common questions.
Still not sure? Send us a note and a facilitator will get back to you within a business day.
You may also like.
Programmes in the same discipline that participants often pair with this course.
Hybrid5 daysMaster contract management essentials. Learn to effectively manage contracts, mitigate risks, and ensure project success, even if you're not a contracts expert.
Hybrid5 daysMaster agile contract management. Our training empowers you to adapt to changing project requirements, collaborate effectively, and deliver successful projects in dynamic environments
Hybrid5 daysMaster construction contract management. Our training empowers you to navigate complex construction contracts, mitigate risks, and ensure successful project delivery.
Course finder
Find the right course for you
Prefer to talk it through? Send us an enquiry and a facilitator will scope a fit within a business day.
For corporate teams
Training 10+ professionals?
We deliver Training on Effective Contract Risk Management Masterclass in-house at your offices, at a venue we arrange, or fully virtual. Customise the curriculum against your KPIs, and get a bespoke price for the cohort size you need.