Course Duration
This is a half day course.
Course Description
Relatively few procurement and contract management staff are formally trained in risk, especially in commercial risk and opportunity. Learners gain insight into contract risk, and how to engage with mitigation and cost in suppliers’ bids.
Learning Outcomes
On completion Learners will be able to:
- Discuss commercial risk in the procurement lifecycle.
- Understand and manage opportunity in contracts.
- Understand how supply costs can hide in contract risk.
- Discuss Black Swan Risks and new ways at looking at this area.
- Discuss generic contingency plans for commercial risk.
Target Audience
This half-day course is for learners who understand the procurement lifecycle, focusing on its risk and opportunity aspects.