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
21 Oct to 25 Oct 2018 Dubai contact us
16 Dec to 20 Dec 2018 cairo contact us

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