Training Course on Contract & Project Risk Management & Compliance; Nairobi and Mombasa, Kenya

The Training Course on Contract & Project Risk Management & Compliance provides participants with the tools and knowledge to identify, assess, mitigate, and monitor risks associated with contracts and projects while ensuring compliance with legal and regulatory requirements. In today’s fast-paced business environment, organizations face increasing complexities in managing contracts and executing projects, making robust risk management and compliance strategies indispensable.

This course delves into global best practices, equipping professionals with actionable insights to navigate risks across various stages of project and contract lifecycles. Participants will explore risk assessment methodologies, contract negotiation techniques, and strategies for maintaining compliance with legal, regulatory, and ethical standards. With a focus on practical application, the course integrates case studies and real-world scenarios to bridge theory and practice effectively.

Risk management and compliance are critical to safeguarding organizational assets, reputation, and sustainability. This course enables participants to proactively manage risks and respond to challenges in a structured and efficient manner. Attendees will also learn to leverage technology and data analytics for risk monitoring and decision-making, fostering resilience in projects and contracts.

Designed for professionals in diverse industries, this course supports organizations in achieving operational excellence and strategic objectives. Whether managing small-scale contracts or large, complex projects, participants will gain the skills needed to drive success while minimizing potential setbacks.

Course duration

5 Days

Course Objectives

1. Understand the fundamentals of contract and project risk management.
2. Identify and categorize risks associated with contracts and projects.
3. Learn methods to mitigate and control risks effectively.
4. Master compliance requirements for legal, financial, and operational standards.
5. Develop strategies for proactive contract negotiation and management.
6. Use risk assessment tools and techniques to enhance decision-making.
7. Align risk management practices with organizational goals and values.
8. Implement monitoring frameworks for continuous risk evaluation.
9. Foster collaboration between stakeholders to minimize compliance gaps.
10. Build resilience against disruptions through contingency planning.

Organizational Benefits

1. Enhance their ability to manage risks in contracts and projects.
2. Reduce the likelihood of financial losses due to unforeseen risks.
3. Improve compliance with legal, regulatory, and contractual obligations.
4. Build stronger relationships with stakeholders through transparent processes.
5. Increase the efficiency and success rate of project execution.
6. Minimize delays and disruptions through effective risk mitigation.
7. Strengthen organizational reputation by adhering to ethical standards.
8. Foster a culture of accountability and proactive risk management.
9. Utilize technology to streamline risk assessment and monitoring.
10. Achieve strategic objectives while safeguarding organizational resources.

Target Participants

• Project managers and team leaders.
• Contract managers and legal advisors.
• Risk management professionals.
• Procurement and supply chain managers.
• Compliance officers and internal auditors.
• Financial and operational managers.
• Executives overseeing large-scale projects.
• Professionals in construction, IT, healthcare, and public sectors.
• Consultants and advisors in project and contract management.
• Anyone involved in managing project or contractual risks.

Course Outline

Module 1: Fundamentals of Risk Management in Contracts and Projects

1. Overview of risk management principles and frameworks.
2. Identifying risks in project and contract lifecycles.
3. Understanding risk appetite and tolerance levels.
4. Aligning risk management with organizational objectives.
5. Case Study: Lessons from a failed project due to inadequate risk management.

Module 2: Contract Risk Identification and Mitigation

1. Common risks in contract drafting and negotiation.
2. Techniques for assessing legal and financial risks.
3. Managing disputes and liabilities in contracts.
4. Developing robust contract clauses for risk control.
5. Case Study: Mitigating risks in a high-value vendor contract.

Module 3: Project Risk Assessment Tools and Techniques

1. Quantitative vs. qualitative risk assessment methods.
2. Tools such as risk matrices, heat maps, and decision trees.
3. Risk prioritization and resource allocation.
4. Integrating technology for risk analysis and forecasting.
5. Case Study: Using data analytics to predict project risks.

Module 4: Compliance Management in Contracts and Projects

1. Overview of compliance requirements in various industries.
2. Legal and regulatory frameworks for contract and project execution.
3. Strategies to ensure adherence to ethical standards.
4. Monitoring compliance throughout the lifecycle.
5. Case Study: Avoiding regulatory penalties in a global project.

Module 5: Building Resilience in Contract and Project Management

1. Developing contingency and crisis management plans.
2. Strengthening stakeholder collaboration during disruptions.
3. Adaptive strategies for changing regulatory landscapes.
4. Lessons from high-profile project failures and recoveries.
5. Case Study: Successful recovery from a mid-project risk event.

Module 6: Monitoring, Evaluation, and Continuous Improvement

1. Establishing performance metrics for risk and compliance.
2. Tools for real-time monitoring of contract and project risks.
3. Continuous feedback loops for improvement.
4. Preparing for audits and compliance reviews.
5. Case Study: Integrating lessons learned into future contracts and projects.

Training Methodology

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

Register as a group from 3 participants for a Discount

Send us an email: info@datastatresearch.org or call +254724527104 

Certification

Upon successful completion of this training, participants will be issued with a globally- recognized certificate.

Tailor-Made Course

 We also offer tailor-made courses based on your needs.

Key Notes

a. The participant must be conversant with English.

b. Upon completion of training the participant will be issued with an Authorized Training Certificate

c. Course duration is flexible and the contents can be modified to fit any number of days.

d. The course fee includes facilitation training materials, 2 coffee breaks, buffet lunch and A Certificate upon successful completion of Training.

e. One-year post-training support Consultation and Coaching provided after the course.

f. Payment should be done at least a week before commence of the training, to DATASTAT CONSULTANCY LTD account, as indicated in the invoice so as to enable us prepare better for you.

Course Schedule