The purpose of this course is to discuss the risk contractors encounter every day. Understanding the risk associated with specific contract types is fundamental to successfully winning and performing government contracts. Accepting risk is part of business – but accepting too much risk unknowingly occurs all too often. This course describes risk identification and mitigation techniques, risk assessment techniques and useful ways to present risk information in a format understandable to management. The course also discusses why risk management techniques often fall short of achieving their goal of effectively managing risk. We cannot avoid all risks but we can try to manage them when they mature.

Learning Objectives:

• Identify the risk associated with each contract type and potential mitigation strategies.
• Discuss risk identification methodologies and their use.
• Highlight the importance of training in the risk management process.
• Using experts to identify and quantify risk.
• Understanding how technology can become an integral part of the risk management process.
• What can you do when all the known risks are unknown?
• Discuss the characteristics of a sound robust risk management process.