Process Control & Loop Tuning

Course Objective

  • Compare different methods of identifying and assessing risk
  • Review the impacts of different approaches to risk allocation
  • Explore different Contract types to transfer risks
  • Consider the contractual techniques to ensure effective risk allocation
  • Review risk management techniques during the life of a contract
  • Defining various remedies to mitigate the exposure in the event that a risk occurs

Who Can Benefit

  • Staff Professional in Risk, Project, Contract, Project, Claims Procurement Departments

Course content

  • Risk Assessment
  • Defining Risk
  • Categories of risk for both sides of a contract
  • Risk Assessment Process
  • Managing Risk
  • Defining Internal Control
  • Proportionality of Control
  • Minimizing and Transferring
  • Transferring risk through contract type
  • Firm Fixed Price or Lump Sum Contracts
  • Cost reimbursable Contracts
  • Incentive Contracts
  • Award-Fee Pricing Arrangements
  • Indemnities
  • Insurance
  • Risk Related Terms & Conditions
  • External events
  • Force majeure
  • Strikes and other labour disputes
  • Risk and Title
  • Use of ICC Incoterms
  • Assignment and Novation
  • OthRisks associated with Sub-Contractors
  • Dealing with Financial Risks
  • Controlling Risk Associated with Payments
  • Currency Risk
  • Economic Risk
  • Fraud and Corruption
  • Limiting or excluding liability
  • Distinctions between liability in contract, and the general law
  • Remedies When Bad Stuff Happens
  • Mistakes and Misrepresentations
  • Impracticability of Performance
  • Remedies Generally
  • Types o Remedies
  • Liquated damages
  • Warranties 

Code Courses Title Date Venue Price Request
IP02 Process Control & Loop Tuning
16 Dec to 20 Dec 2018 cairo contact us
02 Feb to 06 Feb 2019 cairo contact us
15 Jun to 19 Jun 2019 Dubai contact us
03 Aug to 07 Aug 2019 Istanbul contact us
02 Nov to 06 Nov 2019 Sharm El-Sheikh contact us

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