Process Control & Loop Tuning

Place- الموعد Date - المكان
2017-03-12 00:00:00 Dubai
2017-08-13 00:00:00 Casablanca
2017-11-12 00:00:00 Malaysia

   Who Can Benefit?

§ Staff Professional in Risk, Project, Contract, Project, Claims. Procurement Departments.

   Course Objectives

§ Compare different methods of identifying and assessing 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·

§ Review risk management techniques during the life of a contract·

§ Defining various remedies to mitigate the exposure in the event that a risk occurs.

   Course Outline

§ Risk Assessment

§ Defining Risk

§ Categories of risk for both sides of a contract

§ Risk Assessment Process

§ Managing Risk

§ Defining Internal Control

§ Proportionality of Control

§ Minimizing and Transferring

§ Transferring risk through contract type

·         Firm Fixed Price or Lump Sum Contracts

·         Cost reimbursable Contracts

·         Incentive Contracts

·         Award-Fee Pricing Arrangements

·         Indemnities

·         Insurance

§ Risk Related Terms & Conditions

§ External events

·         Force majeure

·         Strikes and other labour disputes

·         Risk and Title

·         Use of ICC Incoterms

·         Assignment and Novation

·         OthRisks associated with Sub-Contractors

§ 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

§ Remedies When Bad Stuff Happens

§ Mistakes and Misrepresentations

·         Impracticability of Performance

·         Remedies Generally

·         Types o Remedies

·         Liquated damages

·         Warranties

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