The current worldwide Covid 19 pandemic has brought into sharp focus the need for project teams to be vigilant and pro-active in their approach to risk. A large part of the focus has to be the selection of the correct contract with which to carry out the project and to ensure that it is primarily used as a Risk Management tool as part of the wider toolkit of Risk Management techniques. 

This is particularly important in large scale international projects involving parties from different countries and legal systems, a scenario frequently found in Oil and Gas contracts. The FIDIC family of contracts has been developed specifically to cater for this type of contractual situation and is focussed on managing rather than penalties.

The course focus is developing an effective risk strategy and effectively using different approaches to risk allocation through knowledge, understanding and use of different FIDIC forms and their uses within Oil and Gas Projects. There is a practical project and business risk emphasis.

The Course is designed for experienced Project Managers and Risk Managers to enhance their own experience in this field.  Additionally, it will be beneficial to Procurement specialists in choosing the correct contract forms to use.

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 objectives of the course are firstly to enable the identification of the principal risks in a proposed contract, and secondly to assign the correct contract form to best address those risks.

By the end of this programme and course you will:

• Understand the different FIDIC forms and how they work with Oil and Gas Projects.
• Understand the different approaches to risk allocation
• Design a Risk strategy for your project
• Select the most appropriate form for use on your project
• Manage Risk on the Project using the chosen FIDIC conditions
• Learn the benefits and dangers of drafting bespoke clauses

Key topics explored include:

Professional Award

• Module 1 – Introduction to the FIDIC family of contracts
• Module 2 – The purpose and application of the differing versions
• Module 3 – Selection criteria to choose the most favourable version
• Module 4 – FIDIC Red and Yellow Books – The clauses
• Module 5 – FIDIC Silver Book – the Clauses
• Module 6 – Differences
• Module 7 – Procurement and Risk
• Module 8 – Risk Clauses looked at in detail

Professional Certificate

• Module 9 – The position of insurance
• Module 10 – Drafting special clauses

Professional Advanced Certificate

• Module 11 – Developing a Risk Strategy
• Module 12 – Using the contract pro-actively as a management tool to address risk

You will walk away with:

• A detailed understanding of the FIDIC family of contracts
• The ability to select the most appropriate version for your project
• An understanding of the way RISK is dealt with under FIDIC
• The ability to conduct RISK planning and organise a RISK regime

• The ability to make a real, high-performance impact on your organisation and business
• Specialist and transferable professional skills
• Enhanced career and promotion prospects
• Continuous professional development credits
• A personalised leadership action plan, which in conjunction with the course, critical personal reflection and ongoing professional development will allow you to further develop and put into practice what you have learnt

• Access to our leadership library of resources
• Either a professional award, a professional certificate or an advanced professional certificate

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