course | Procurement Risk Management
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PSCO-949 | Procurement Risk Management
Course Sector : Procurement & Supply Chain Operations
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 3 Days | 2025-06-23 | 2025-06-25 | Barcelona | $3,950 | Book now |
| 3 Days | 2025-09-29 | 2025-10-01 | Dubai | $3,250 | Book now |
| 5 Days | 2025-12-15 | 2025-12-19 | Dubai | $3,250 | Book now |
Course Introduction
This training program is designed to provide participants with knowledge and skills necessary to identify, assess, mitigate, and manage risks within the procurement process. This comprehensive training program focuses on understanding the various risks associated with procurement activities and developing effective strategies to minimize their impact. Participants will learn key concepts of risk management, explore risk assessment methodologies, and gain practical insights into implementing risk mitigation measures in procurement.
Course objective
- Understand the importance of procurement risk management in achieving successful procurement outcomes.
- Identify and assess potential risks in the procurement process.
- Develop strategies and techniques to mitigate risks effectively.
- Implement risk management tools and processes to enhance procurement performance.
- Establish a framework for continuous monitoring and improvement of procurement risk management practices.
Course Outline | Day 01
Introduction to Procurement Risk Management
- Overview of procurement risk management and its significance
- Key concepts and principles of risk management
- Identifying risks in the procurement process
- Introduction to risk assessment methodologies
Techniques for assessing and analyzing procurement risks
- Prioritizing risks based on their potential impact and likelihood
- Developing risk registers and risk matrices
- Evaluating supplier risks and performance indicators
Course Outline | Day 02
Risk Mitigation Strategies and Techniques
- Developing risk mitigation strategies and action plans
- Contractual approaches for risk transfer and allocation
- Supplier qualification and evaluation for risk mitigation
- Implementing effective risk management controls
Establishing a framework for ongoing risk monitoring
- Key performance indicators (KPIs) for measuring procurement risk management effectiveness
- Conducting risk audits and reviews
- Implementing lessons learned and continuous improvement practices
Course Outline | Day 03
Case Studies and Best Practices in Procurement Risk Management
- Analyzing real-world case studies of procurement risk management
- Best practices and success stories in managing procurement risks
- Implementing a risk-aware culture within procurement teams
- Developing a procurement risk management plan
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
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