The current worldwide Covid 19 pandemic has brought into sharp focus the need for commercial and procurement teams to be vigilant and pro-active in their approach to risk.

The course focus is on developing the commercial and contractual knowledge and awareness to reduce risk in project procurement within the Oil and Gas sector; and developing a professional, commercial and project understanding of risk, strategies, approaches and tools within an OGE procurement context. There is a pragmatic commercial, business and project focus.

The Course is designed for experienced Procurement Managers and Risk Managers to enhance their own experience in this field.

 It will also be of benefit to less experienced junior managers who wish to enhance their knowledge in this area as a means of career progression.

The objective of the course is to enable the identification of the principal risks in a proposed procurement strategy.

By the end of this course you will:

• Understand risk and how it applies to procurement
• Understand the different approaches to risk allocation
• Design a procurement risk strategy.
• Select the most appropriate contract forms for use in procurement scenarios.
• Manage risk in procurement by knowledge of standard and nonstandard forms of contract.
• Learn the benefits and dangers of drafting bespoke clauses

Key topics explored include:

Professional Award

• Module 1 – Introduction to the Risk as applied to procurement
• Module 2 – The purpose and application of the differing standard contracts
• Module 3 – Selection criteria to choose the most favourable version
• Module 4 – Procurement and Risk
• Module 5 – Risk Clauses looked at in detail
• Module 6 – The position of insurance
• Module 7 – Drafting special clauses
• Module 8 – Developing a Risk Strategy

Professional Certificate

• Module 9 – Using Procurement strategy as part of a wider Risk Strategy 1

Professional Advanced Certificate

• Module 10 – Using Procurement strategy as part of a wider Risk Strategy 2

We strongly recommend that in preparation for this course, participants take the time to complete the pre-course work; both so that they reap the fullest rewards and benefits of the courses, and so that it can be tailored and personalised where possible to their individual requirements.

• Think about what your learning priorities and objectives are
• Think about a possible leadership topic, issue, challenge or objective you have a special interest in for discussion in coaching, supervision / tutorials
• Think about what real-world organisational strategic, transformational and resilience objectives you have
• Think about what real-world organisational and business disruption, issues and challenges you face
• Think about how you can use the current climate as a catalyst for change.

The investment fee encompasses:

• Face to face contact learning via webinar, online and collaborative technology
• A minimum number of whole class contact hours per days / week / month – subject to programme and course duration selected
• Micro group sessions – depending upon participant numbers and webinar / programme / course duration
• Individual / pair / micro group supervisions / coaching / personal and operational consulting and action planning – depending upon participant numbers and webinar / programme / course duration
• Core course materials – send by email and online
• Supplementary materials – send by email and online
• Complimentary materials – materials – send by email and online
• Access to documents and resources library for the webinar / programme / course duration
• Certificate