Join us as we take a six-week deep dive into the world of risk management where we’ll explore crucial topics including Enterprise Risk Management, cybersecurity, risk analysis, and surety bonds. Walk away with practical insights and actionable learning on different types of risks, managing uncertainties, and the intricacies of bid and performance bonds.
Whether you're new to the field or seeking to enhance your expertise, this learning lab series will provide you with the knowledge and tools necessary to navigate the complexities of risk and bonding in public procurement.
3:00 - 5:00 PM ET
Contact Hours: 2
Preview Webinar - April 21
Register
Learning Lab 1: Intro to Enterprise Risk Management (ERM)
ERM was introduced after the failure of Enron and WorldCom and developed to manage all organizational risk – including operational, financial and strategic. Learn how ERM empowers proactive risk identification and mitigation and discover the critical role of procurement.
Learning Lab 2: Understanding Insurance Regulation
Effective procurement requires a solid understanding of insurance regulation. This session focuses on insurance regulation at the federal and state level, and why procurement professionals must understand it. Learn how procurement works hand-in-hand with agency risk managers, and how a shared understanding of regulatory terms leads to more efficient Enterprise Risk Management (ERM).
Learning Lab 3: Risk Analysis and Procurement, Identifying and Treating Risk
Smart procurement decisions require a deep understanding of risk. Learning Lab 3 explores the crucial connection between risk analysis and effective procurement, demonstrating how these efforts must align with your organization's Enterprise Risk Management (ERM) program.
Learning Lab 4: Introduction to Bonds and Surety’s
Want to safeguard taxpayer dollars and ensure your government projects are completed successfully? Register for this lab to understand the difference between bonds and insurance, the various types of bonds used in government procurement, the risks of alternative bid security, and the crucial relationship between contractors, owners, and sureties.
Learning Lab 5: Bonds and Sureties’ a Deeper Dive – Bid Bonds and Performance Bonds
This session focuses on the different forms of bid security and how each may impact the contract and the due diligence that needs to take place prior to awarding a contract. Understand the dangers (potential claims) of each bond, the risks associated with alternatives to surety bonds, how bond rates are set, and the three types of contract performance consents.
Learning Lab 6: Cybersecurity – Procurement’s Role in Managing Supplier Cybersecurity Risk and Wrap-up
Worried about cyber threats? This lab covers fundamental laws impacting organizational responses to cybersecurity threats and data breaches. Learn about cyber insurance evolution, collaborative risk mitigation planning, the importance of individual cyber responsibility, and prevalent threat vectors.
