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Process Control and Loop Tuning
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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.
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