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 Risk Management and Compliance in Projects 21 Apr Barcelona Spain QR Code
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Risk and Crisis Management

Risk Management and Compliance in Projects


REF : RC2257 DATES: 21 - 25 Apr 2025 VENUE: Barcelona (Spain) FEE : 5550 

Overview:

Introduction:

Risk Management and Compliance in Projects addresses the critical processes of identifying potential risks, assessing their impact, and implementing measures to mitigate them within the framework of regulatory and organizational standards. Risk management ensures that projects remain on track by proactively handling uncertainties, while compliance focuses on adhering to laws, regulations, and policies that govern project activities. This training program is designed to quip participants with the skills to identify, assess, and mitigate risks throughout the contract and project lifecycle. 

Program Objectives:

By the end of this program, participants will be able to:

  • Grasp knowledge on the principles of contract and project risk management.

  • Identify, assess, and mitigate risks throughout the project lifecycle.

  • Gain insights into compliance requirements and strategies for ensuring regulatory adherence.

  • Develop practical skills for effective contract and project management.

  • Utilize tools and techniques for monitoring and controlling project risks effectively. 

Target Audience:

  • Project managers.

  • Contract managers.

  • Risk management professionals.

  • Compliance officers.

  • Legal professionals.

  • Business analysts.

Program Outlines:

Unit 1.

Introduction to Contract and Project Risk Management: 

  • The role of risk management in contract and project contexts.

  • Exploring common types of risks encountered in contracts and projects.

  • Effectively identifying stakeholders and their roles in risk management.

  • Introducing key concepts and terminology in risk management.

  • The impact of effective risk management on project success.

Unit 2.

Risk Identification and Assessment: 

  • Techniques for identifying risks in contracts and projects.

  • How to conduct risk assessments to prioritize and evaluate risks.

  • Utilizing risk assessment tools and methodologies.

  • How to engage stakeholders in the risk identification and assessment process.

  • Documenting and communicating identified risks for further analysis.

Unit 3.

Risk Mitigation and Response Planning: 

  • Developing risk mitigation strategies and action plans.

  • Establishing risk response strategies, including avoidance, mitigation, transfer, and acceptance.

  • Allocating resources and responsibilities for risk mitigation activities.

  • Contingency plans to address potential risk events.

  • Tools for monitoring and updating risk response plans throughout the project lifecycle.

Unit 4.

Compliance Management in Contracts and Projects: 

  • The regulatory requirements and compliance standards relevant to contracts and projects.

  • Integrating compliance considerations into project planning and execution.

  • Establishing compliance monitoring and reporting mechanisms.

  • Importance of implementing controls and measures to ensure regulatory adherence.

  • The process of addressing non-compliance issues and implementing corrective actions.

Unit 5.

Project Risk Monitoring and Control: 

  • Establishing risk monitoring and control processes.

  • Tracking and evaluating risk triggers and indicators.

  • The importance of implementing risk response plans and adjusting as necessary.

  • The importance of communicating risk status and updates to stakeholders.