Competency Module: Advanced Risk Analysis

NIGP’s Advanced Risk Analysis course is a scenario-based, 8-hour learning experience where students leave with the ability to:

• Anticipate risks and problems that can arise during the procurement process.
• Create and carry out an effective procurement risk management strategy plan.
• Conduct a peer review of a solicitation to find errors and omissions or make other suggestions to the document, answer supplier questions, and determine appropriate contract terms.
• Mitigate risk after contract award by ensuring that the people with appropriate approval authorities execute the contract, providing feedback to suppliers not awarded and handling protests and appeals.
• Minimize risk throughout the life of the contract by monitoring deliverables, conducting reviews and checks on contract performance, mitigate any recurrences of issues, and monitoring customer buy-in.
• Create a risk register to identify the items with the highest level of associated risk and actions that may be needed to mitigate those risks.
• Reduce instances of litigation, mistakes, and speed bumps.

This offering is targeted to individuals who meet or exceed the following professional demographics:  

• Mid-level public procurement and central warehouse professionals who serve as senior buyers, managers, directors, or equivalent functions within their respective entities.   

• Non-procurement managers and supervisors who either provide procurement functions that support entity programs under delegated authority, or who already have a good understanding of basic procurement principles but wish to get more in-depth, hands-on training.   

• Professionals who are employed by local governing entities and special authorities (such as K-12 and higher education, publicly owned utilities, transportation providers, and other publicly funded or created entities) who either serve within or manage the procurement function.  

• Supplier managers and supervisors seeking to understand the public procurement function from a more in-depth holistic level, including the policies, standards, and procedures by which public entities must function.