Pathways

Competency Module: Advanced Risk Analysis

Course Availability:

View upcoming dates for this course.

April 25, 2023
Pilot Pricing: Competency Module: Advanced Risk Analysis (Member: Standard) $260.00
Pilot Pricing: Competency Module: Advanced Risk Analysis (Non-Member: Standard) $340.00
(prices valid until Apr 19, 2023)
Time: 8:00 AM - 5:00 PM Eastern Time
Instructor: Ms. Denise K. Finn, NIGP-CPP, CPPO, CPPB, C.P.M.
Level: Advanced Practitioner
Virtual Instructor-Led

Description

Procurement leaders are responsible for mitigating risks for their departments. Although every procurement professional is involved in risk management, every entity ultimately relies on its procurement leaders to protect the entity when it enters into contracts for goods and services. Mitigation of risks begins even before the procurement cycle is initiated with a process known as risk analysis.

Risk analysis is a vital part of procurement that is often overlooked. The Supply Chain Management Review tells us that, “Risk management looks simple on the surface, but is a highly complex part of the organizational and procurement strategy. Controlling and mitigating the myriad of risks associated with business operations is one of the key pillars for success.” Risk analysis is critical and continuous, and risk should be evaluated and managed throughout the procurement process.

When considering a new initiative, it can be difficult for a procurement leader to determine a starting point for risk analysis. Who is involved? How can risks be identified from various stakeholders? Will a specific procurement solve a problem, or is there another root cause? How can strategies obtained from a risk analysis be implemented?

NIGP has recognized these challenges and created an in-depth course offering that walks procurement professionals through every step of the risk analysis process using reality-based procurement scenarios.  

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, mitigating 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.

Intended Audience

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

  • Mid-level public procurement and central warehouse professionals who serve as in a management or equivalent functions within their respective entities.
  • Non-procurement managers and supervisors who are responsible for either the procurement function or staff who provide procurement functions under delegated authority.
  • Professionals who are employed by governing entities and special authorities (such as K-12 and higher education, publicly-owned utilities, transportation providers, and other publicly-funded or created organizations) that either serve within or manage the procurement function.
  • Suppliers or representatives of suppliers seeking to understand the public procurement function from a holistic level, including the policies, standards, and procedures by which public entities must function.

Delivery Formats Available

Virtual Instructor-Led

In-Person

(To schedule, contact events@nigp.org)

Contact Hours

8

CEUs

0.8

Level

Advanced Practitioner

Designed for public procurement professionals who have at least five years’ experience.

Length

1 Day

NIGP-CPP Exam Alignment

Area 3: Planning & Analysis

UPPCC BoK-C

Domain 2

Available in these learning formats...

 Virtual Instructor-Led

This format combines the best of in-person learning by offering live participation with instructors and peers.


  In-Person

Instructor led discussion style classroom setting for those who prefer focused learning with maximum in-person interactions with instructors and peers.

1 Day Course

To schedule in-person, contact events@nigp.org

 

Completion Requirements

  1. Attend and participate in the entirety of the instructional event. 
  2. Complete the post-course evaluation survey available in Aspire.
  3. Complete the final assessment examination.

Please Note: The final assessment passing score may change prior to the date of the course based on an assessment audit. The necessary score will be communicated to students during the course proper.