Process Control and Loop Tuning

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code Titel ST Date EN Date Venue Fees Register
PRI7 Process Control and Loop Tuning 2024-07-24 2024-07-28 IStanbul contact us
PRI7 Process Control and Loop Tuning 2024-09-04 2024-09-08 cairo contact us
PRI7 Process Control and Loop Tuning 2024-11-07 2024-11-11 ِAlexandria contact us
PRI7 Process Control and Loop Tuning 2024-12-12 2024-12-16 cairo contact us

Course Objectives

  • 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.

Course Outline

  • 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 and Conditions
  • External events
    • Force majeure
    • Strikes and other lab our disputes
    • Risk and Title
    • Use of ICC Incoterms
    • Assignment and Novation
    • Other Risks 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 Remedies
    • Liquated damages
    • Warranties

Who Can Benefit?

  • Staff Professional in Risk – Project – Contract – Project – Claims – Procurement Departments.