Ask any procurement director where risk actually hides, and most will point to the same place first: the supplier relationship. This course starts there — teaching procurement and contract professionals to spot supplier, contractual, financial, and operational risk before it turns into a costly surprise, not after.

Delivered by the Arab British Fellowship Training Academy, the program moves through practical frameworks for identifying, assessing, and mitigating risk across the full procurement and contract lifecycle, then ties it all back to strategic decision-making — so risk management becomes a tool for protecting value, not just avoiding problems.

Who Should Attend?

• Procurement managers and specialists responsible for supplier selection and contract management
• Contract managers overseeing agreements and project delivery
• Project managers involved in procurement and supply chain operations
• Risk and compliance officers monitoring contractual and operational risks

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Identify, evaluate, and prioritize risk in supplier relationships and contracts
• Understand the key principles of risk management in procurement and contracting
• Design and apply effective risk mitigation strategies
• Monitor and control risk throughout the procurement and contract lifecycle
• Make sharper decisions that reduce financial, operational, and reputational exposure

Module 1: Supplier Risk — Where Most Procurement Risk Actually Lives

• Assessing supplier reliability and performance risk
• Supplier due diligence and audits
• Mitigating supplier-related operational and financial risk

Module 2: What Risk Management in Procurement Really Means

• Defining the scope of risk in procurement and contracting
• Types of risk: financial, operational, reputational, legal
• Risk management frameworks and standards

Module 3: Finding and Sizing Up Risk

• Tools for identifying supplier and contract risk, and risk mapping
• Evaluating internal and external risk factors
• Qualitative and quantitative assessment, probability/impact analysis, and prioritization

Module 4: Risk Hiding in the Contract Itself

• Identifying contract clauses that influence risk exposure
• Managing uncertainty in terms and deliverables
• Legal considerations and compliance requirements

Module 5: Protecting the Budget

• Identifying cost overrun and budget risk early
• Forecasting and contingency planning
• Financial risk mitigation techniques

Module 6: Managing Risk During Execution and Change

• Managing risk in project execution and procurement operations
• Risk monitoring, reporting, and crisis response planning
• Evaluating the risk impact of change orders and preventing disputes

Module 7: Tracking Risk and Making the Call

• Tools for tracking risk performance, KPIs, and dashboards
• Continuous improvement in risk management practice
• Balancing risk and opportunity for informed, resilient procurement decisions