Contract Risk Assessment and Mitigation Training Course

ICTI and Partners Certification

1 Week

20 Hours

Classroom, In-House, Online

Price: £3500

Group discounts available. Get Registered for more details.

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The Contract Risk Assessment and Mitigation Training Course offered by Imperial Corporate Training Institute is designed to equip professionals with advanced strategies for identifying, analysing, and mitigating risks in commercial agreements. This program integrates Contracts Management Training Courses principles with practical corporate approaches, ensuring participants can proactively manage contract risk and safeguard business interests. Participants will explore how to assess and mitigate contract risks effectively, while understanding the financial, operational, and legal implications associated with contracts.

The course focuses on contract risk management across various sectors, highlighting proactive risk mitigation in contract management, supplier risk control, and commercial risk management. Participants will develop the capability to reduce legal and financial risks in contracts by implementing structured assessment methods and risk mitigation strategies. This program also examines best practices in contract risk management, ensuring organisations can navigate contractual obligations while maintaining operational resilience and strategic alignment.

Aligned with Contracts Management Training Courses, this program emphasises practical frameworks for contract evaluation, risk prioritisation, and mitigation planning. Participants will learn to apply legal risk mitigation strategies, evaluate supplier risks, and implement internal controls to minimise potential exposures. The course equips corporate leaders and contract managers with the tools to strengthen contractual negotiations, protect organisational interests, and ensure compliance with regulatory and governance requirements.

The Contract Risk Assessment and Mitigation Training Course covers the full lifecycle of contract management, from initial drafting to post-execution monitoring. Participants will understand how to identify critical contract clauses, assess associated risks, and implement mitigation measures. The program provides actionable insights on integrating risk management frameworks into corporate practices, improving supplier accountability, and strengthening contractual governance across organisations.

Objectives

Identify and analyse potential risks within commercial contracts
Apply structured methodologies for contract risk assessment
Develop proactive risk mitigation strategies in contract management
Evaluate financial and legal exposures in contracts
Implement supplier risk control and performance monitoring
Reduce legal and operational risks through effective contract management
Align contract risk mitigation with corporate governance and compliance
Conduct risk prioritisation and impact analysis for contractual obligations
Strengthen negotiation strategies with risk-informed insights
Integrate contract risk management practices across organisational units
Apply best practices in contract risk assessment and mitigation
Monitor and review contract performance to ensure ongoing risk control

Target Audience

Corporate contract managers and administrators
Legal advisors and in-house counsel
Procurement and supply chain managers
Risk management professionals
Commercial managers and business development executives
Compliance and governance officers
Project managers handling contractual obligations
Senior executives overseeing supplier and partner agreements
Finance managers involved in contract evaluation
Operations leaders managing third-party engagements
Consultants specialising in corporate risk management
Professionals seeking advanced expertise in contract risk mitigation

Course Modules

This module introduces the fundamentals of contract risk assessment and mitigation training course. Participants examine the principles of risk identification, contract review, and the impact of contractual obligations on organisational objectives. Emphasis is placed on understanding commercial, legal, and operational risks associated with contracts.

Participants explore legal risk mitigation strategies for managing exposure in commercial contracts. This module covers key clauses, regulatory compliance considerations, and dispute prevention techniques. The focus is on minimising contractual liabilities while ensuring enforceability and organisational protection.

This module addresses commercial risk management, including financial, market, and operational exposures in contractual arrangements. Participants learn to identify high-risk clauses, evaluate supplier reliability, and implement controls that reduce potential losses and improve contract outcomes.

This module focuses on supplier risk control, assessing supplier performance, compliance, and accountability. Participants examine proactive monitoring techniques and risk reduction strategies, ensuring continuity and reliability in supplier relationships and contractual obligations.

Participants explore methods for prioritising contract risks based on probability, impact, and strategic importance. This module highlights practical approaches for analysing the consequences of risks on organisational operations and financial performance.

This module covers practical risk mitigation planning, integrating strategies into contract management processes. Participants learn to design mitigation plans, monitor implementation, and adjust strategies in response to changing risk environments or contractual conditions.

Participants examine best practices in contract risk management, including standard operating procedures, compliance frameworks, and reporting protocols. This module emphasises organisational adoption of risk management culture and continuous improvement initiatives.

This module focuses on monitoring and reviewing contract performance to ensure ongoing risk control. Participants learn to use performance metrics, conduct audits, and implement continuous improvement measures that strengthen organisational resilience and contractual governance.

FAQs

Who should attend the Contract Risk Assessment and Mitigation Training Course?

The course is ideal for contract managers, legal advisors, procurement professionals, risk managers, and senior executives responsible for managing contractual obligations.

Does the course cover supplier risk management?

Yes, the program includes supplier risk control, performance monitoring, and strategies to reduce contractual exposure to supplier-related risks.

Are legal risk mitigation strategies included?

Yes, participants will learn legal risk mitigation techniques to minimise liabilities, ensure enforceability, and maintain compliance with regulatory requirements.

Can this course benefit professionals outside the legal department?

Yes, procurement, finance, operations, and project management professionals will gain insights into risk-informed contract decision-making.

Does the course address continuous improvement in contract risk management?

Yes, the final module focuses on monitoring, reviewing, and enhancing contract risk management practices for ongoing organisational resilience.

Course Dates

Availiable Dates

Place

April 6, 2026

May 4, 2026

September 7, 2026

January 4, 2027

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