Contract and Risk Management (5cr)

Objective

The student is able to create a risk map, conduct a gap analysis, and identify procurement development areas. The student is able to evaluate supply and value chain network and supplier risks and create effective risk mitigation strategies for the procurement function. The student is able to secure contract compliance, create measures for follow-up, and implement contingency plans for managing risks. The student is able to distinguish different types of procurement contracts as well as evaluate the context of legal frameworks and applicable law for their procurement cases. The student is able to define and negotiate enforceable contract terms (e.g. indemnity, liability, force majeure etc.) and understand the strategic importance of the contract management process.

Content

Risk management • Risk map and gap analysis • Risk mitigation strategies • Managing supply and value chain network risk Contract management • Types of contracts and applicable legislation in procurement • Relevant contract terms in structuring vendor-customer relationship • Contract management and performance • Contract compliance and follow-up

Qualifications

Completed higher education degree (Bachelor's level)

Assessment criteria, satisfactory (1)

The student has completed the course assignments and demonstrated mastery of the basic content of the course. There is significant room for improvement in applying this knowledge to professional situations and/or sharing expertise.

Assessment criteria, good (3)

The student has performed well overall in the tasks of the course unit. The student has been an active learner both individually and within a team. The student has demonstrated the ability to apply knowledge and practices acquired from literature, lectures and other sources in assignments that analyse and develop working life.

Assessment criteria, excellent (5)

The student has successfully completed all components of the course with distinction. They have demonstrated interest and motivation to learn both individually and within a team, and have shared their expertise with others. The student has a strong command of the course content and skilfully applies knowledge acquired from literature, lectures, and other sources to tasks that analyse and develop professional practice.

Assessment criteria, approved/failed

The student has completed the learning assignments of the course and demonstrated command of the basic content of the course. There is considerable room for improvement in applying this knowledge to professional contexts and/or in sharing expertise.

Further information

The language of tuition is English.