COURSE OVERVIEW
A contract is an agreement that is enforceable at law. It is the primary tool through which organizations manage relationships and understanding with the other party. The risk is a critical consideration in the contracting process. A thoughtful and proactive approach toward risk, as it relates to specific contract actions, contributes to the success of contract performance. The risk is directly related to the successful achievement of targeted goals and objectives.
The emphasis of this course is on developing a solid understanding of the complexities of risk management. The course content recognizes the importance of planning, monitoring, and proactive insight and oversight into risk areas related to the contracts stated performance outputs and outcomes. Participants will learn how to integrate risk management practices into contract administration.