TracezGlobal

Contract Risk, Compliance & Cost Control

Overview

Introduction

This program equips participants with the skills to identify, assess, and manage contractual risks while ensuring compliance with legal, regulatory, and organizational requirements. It also focuses on practical cost-control mechanisms to minimize financial exposure throughout the contract lifecycle. Participants learn to analyze clauses, strengthen controls, monitor supplier performance, and deploy risk-mitigation tools to safeguard their organization’s commercial interests.

Learning Outcomes

By the end of this training, participants will be able to:

Identify and evaluate major contract risks across the contract lifecycle.
Interpret key contractual clauses and embed compliance requirements effectively.
Apply structured tools for contract monitoring, performance management, and reporting.
Implement cost-control strategies to prevent overspending and financial leakage.
Develop risk mitigation plans and internal controls to enhance contract governance.