Contract & Project Risk Management & Compliance

A PMI Registered Training Course

Contract & Project Risk Management & Compliance

Legal and Project Perspective to Protect the Investment

NASBA PMI
Classroom Schedule
Date Venue Fees
10 - 21 Nov 2025 London $ 11,900
22 Dec - 02 Jan 2026 Amsterdam $ 11,900
26 Jan - 06 Feb 2026 Dubai $ 11,900
06 - 17 Jul 2026 Dubai $ 11,900
31 Aug - 11 Sep 2026 Houston $ 15,900
09 - 20 Nov 2026 London $ 11,900
21 Dec - 01 Jan 2027 Amsterdam $ 11,900

Introduction

One of the critical outcomes of contract and project management is to ensure that risks to owners and contractor are identified and controlled in a proactive way so that both parties are satisfied with the project outcome. While world class project and contract management cannot, of itself, make risk “go away”, it can, and should, identify the risks and opportunities, determine who is responsible for managing each individual risk, and for the consequences should the risk occur.

The following are the highlights of this Contract & Project Risk Management & Compliance  training course:

  • Knowledge to move contracts and project management from the tactical / reactive to the more important proactive / strategic focus
  • Critical understandings of the risk mitigation process
  • How to examine both the threats and opportunities facing contracts and projects from both a top-down and bottom-up perspective using a proven risk management processes
  • Skills in allocating contract and procurement risk
  • Ability to identify the warning signs of cost overruns, schedule delays, and poor quality, as early as possible in the project to minimize or mitigate the impact

Modules

This training course is split into the following modules:

Module I - Contract Risk Management & Compliance

Module II - Project Risk Management & Compliance

Objectives

The primary objectives of this Contract & Project Risk Management & Compliance  training course are to help delegates to:

  • Apply useful techniques in identifying, analyzing, mitigation and monitoring risks in the project life cycle
  • Use a practical, six-step process to manage project 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

Training Methodology

Participants will increase competencies through a variety of instructional methods including lecture, exercises, reviewing published articles, checklists, videos, and group discussions. A comprehensive GLOMACS training course manual enabling practical application and reinforcement is provided.

Delegates are encouraged to bring real problem examples with them, for discussion on a confidential basis, and to share their experience of particular issues. Time will be allowed for general discussions, and for one-to-one discussion with the trainer.

Organisational Impact

The organization will benefit by:

  • Expanding the expertise of personnel involved in project and contract development and management will allow project, contract, and general management teams to be more effective
  • The total cost of ownership will be understood and reduced by properly identifying and managing the risks during the project life cycle
  • Clear allocation of risk will reduce the possibility of contractor disputes, and any that do arise should be settled more quickly, with less cost, delay and disruption
  • Reducing project failure, poor quality, costly changes, and cost overruns resulting from poor understanding and management of risk
  • Implementing better risk management through the understanding of the relationship between scope, cost, and time which improves the chance of project success
  • Developing an appreciation of the true effect of contractual indemnities which will enable better decision-making as to contract structures and ensure that risk is passed to others properly and in a cost effective manner

Personal Impact

Attendees will gain by participation in this Contract & Project Risk Management & Compliance training course as a result of:

  • Increased understanding of risk and opportunities through the development of risk identification and assessment skills
  • Able to control multiple project risks using concise strategies
  • Make risk and opportunity integral components of your next project plan
  • Better ability to allocate risk, and to select the appropriate project processes and contractual regime to achieve the organizations goals
  • Improve the ability to reduce the negative impact of poorly-managed risk on a project or a company
  • Identify threats and opportunities and weigh their relative value in your project

Who should Attend?

  • Contracts, Tendering, Purchasing, Procurement, and Project Personnel
  • Contract Administration, Engineering, Operational, and Maintenance Personnel
  • Risk, Claims, Financial, and Audit Personnel
  • Project Management Professionals
  • And all others who are involved in the planning, evaluation, preparation and management of tenders, specifications, awards, and contracts that cover the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities
Course Outline

Module I: Contract Risk Management & Compliance

Day 1

Types and Management of Risk

  • The Need for Contractual Relationships
  • Defining Risk
  • Categories of Risk for Both Sides of a Contract
  • Risk Assessment Processes
  • Managing Risk Before and During the Contract
  • Qualifying Suppliers
  • Negotiating Terms that Carry Risk
  •  Internal Control and its Proportionality
Day 2

Minimizing and Transferring Risk

  • Transferring Risk through Contract Types
  • Firm Fixed Price or Lump Sum Contracts
  • Cost Reimbursable Contracts
  • Incentive Contracts
  • Award-Fee Pricing Arrangements
  • Terms, Conditions and Warranties
  • Indemnities and Cross Indemnities
  • Insurance and Guarantees
Day 3

Risk Related Terms & Conditions in a post-Pandemic World

  • External Events
  • Force Majeure
  • Strikes and Other Labour Disputes
  • Risk and Title
  • Use of ICC Incoterms
  • Assignment, Novation and Re-Negotiation
  • Other Clauses that Need to Flow Down to Sub-contractors
  • Risks Associated with Sub-Contractors
Day 4

Dealing with 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
Day 5

Remedies When Bad Stuff Happens

  • The nature of contractual remedies generally
  • Mistakes and Misrepresentations
  • Impracticability of Performance
  • Types of Remedies
  • Liquidated Damages
  • Warranties
  • An Overarching View of Dispute Resolution
  • Review of Course, Questions and Answer Session

Module II: Project Risk Management & Compliance

Day 6

Risk Management Framework and Planning

  • Key Definitions
  • The PMBOK® Six Risk Management Processes
  • Purpose & Benefits of Risk
  • Responsibilities in Project Risk Management
  • Integrating Risk Management into the Project Management Process
  • Risk Management Planning
  • Risk Planning Process
Day 7

Risk Identification Process

  • The Effect of Project Macro-Environment on Risk
  • The Effect of Project Complexity on Risk
  • Risk Identification Techniques
  • Managing Risk through Project Estimating
  • Managing Risk through Earned Value Management
  • Schedule Risk Management – Critical Path Method & PERT
Day 8

Risk Assessment Process

  • Qualitative Risk Analysis
  • Bow-Tie Risk Analysis Technique
  • Probability/Impact Risk Matrix Technique
  • Quantitative Risk Analysis
  • Monte Carlo Simulation
  • Decision Trees and Expected Monetary Value
  • Managing Project Risks through Integrity Assurance
Day 9

Risk Response Plan Development

  • Risk Prioritisation
  • Risk Response Strategy Guidelines
  • Response Strategies for Threats & Opportunities
  • Response Planning & Analysis
  • Alternative Responses
  • Risk Response Validation
  • Contingency & Management Risk Reserves
Day 10

Risk Response Control

  • Resource Management
  • Risk Control Guidelines
  • Risk Control Inputs
  • Risk Control Tools & Techniques
  • Risk Control Outputs
  • Risk Reporting & Documenting
  • Course Summation & Work Session Review
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
  • The certificate will also have a PMI Course Identifier, which will enable the learners to claim Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI) towards certification or recertification of PMI credentials.
Providers and Associations

Endorsed Education Provider

KHDA
NASBA
PMI

In Association With

Frequently Asked Question:

GLOMACS offers both online andperson training options. You can choose from interactive virtual sessions or attend one of our globally locatedperson training courses. The flexibility ensures that learning fits your schedule and preferences.
Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.
Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions,on activities, and interactive Q&A sessions to maximize learning outcomes.
For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.
You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.
Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability,recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.
GLOMACS is a globally recognized leader in professional training and development, with a reputation for deliveringquality,driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online andperson), and accredited certifications that add real value to your career.

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

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