Competency Module: Risk Analysis

Description

NIGP’ Risk Analysis course equips public procurement professionals with tools to identify, assess, and mitigate risks that could impact project objectives. Through activity based learning, you will learn to analyze procurement risks, implement strategies to transfer and reduce risk, and utilize insurance and bonds effectively. This course covers strategic and operational risks, risk control measures, and the proper use of risk management plans.

Objectives

Upon successful completion of this course, attendees will be able to:

• Analyze procurement risks based on their likelihood and potential impact
• Assess different strategies for mitigating and transferring procurement risks using insurance, bonds, and indemnity clauses

Intended Audience

Designed to promote applicable experiences for practitioners working in the public sector, NIGP’s Pathways competency courses empower learners with the ready-to-implement actions they need to succeed in public procurement. This introductory course is designed for:

• Public procurement and central warehouse professionals who serve as assistants, coordinators, buyers, 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.