Global Certificate in Procurement and Contract Risk Management

Monday, 16 February 2026 18:57:07

International applicants and their qualifications are accepted

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Overview

Overview

Procurement

is a critical function in any organization, and contract risk management is a vital aspect of it. This Global Certificate in Procurement and Contract Risk Management is designed for professionals who want to enhance their skills in managing risks associated with contracts.

Contract risk management

involves identifying, assessing, and mitigating potential risks that could impact an organization's contracts. This certificate program will equip learners with the knowledge and tools necessary to navigate complex contract negotiations and ensure that their organization's interests are protected.

Through this program, learners will gain a deep understanding of contract risk management principles, including contract drafting, negotiation, and dispute resolution.

By the end of this program, learners will be able to:

Assess and mitigate contract risks

Develop effective contract management strategies

Negotiate contracts that minimize risk

Resolve contract disputes efficiently

Take the first step towards becoming a skilled contract risk manager. Explore this Global Certificate in Procurement and Contract Risk Management today and discover how you can protect your organization's interests.

Procurement professionals can elevate their careers with the Global Certificate in Procurement and Contract Risk Management, a comprehensive program that equips them with the skills to navigate complex contracts and mitigate risks. This course offers procurement specialists the opportunity to develop a deeper understanding of contract management, risk assessment, and negotiation techniques. With procurement expertise, graduates can expect improved career prospects, increased earning potential, and a competitive edge in the job market. Unique features of the program include interactive case studies, industry expert guest lectures, and a focus on contract risk management.

Entry requirements

The program operates on an open enrollment basis, and there are no specific entry requirements. Individuals with a genuine interest in the subject matter are welcome to participate.

International applicants and their qualifications are accepted.

Step into a transformative journey at LSIB, where you'll become part of a vibrant community of students from over 157 nationalities.

At LSIB, we are a global family. When you join us, your qualifications are recognized and accepted, making you a valued member of our diverse, internationally connected community.

Course Content

•
Procurement Strategy Development •
Contract Management Framework •
Risk Assessment and Mitigation •
Contract Negotiation Techniques •
Supplier Relationship Management •
Contract Administration and Monitoring •
Compliance and Governance •
Procurement Process Improvement •
Contract Review and Termination •
Procurement Data Analysis and Reporting

Assessment

The evaluation process is conducted through the submission of assignments, and there are no written examinations involved.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration & course fee

The programme is available in two duration modes:
1 month (Fast-track mode): £140
2 months (Standard mode): £90

40% Cheaper

Our course fee is up to 40% cheaper than most universities and colleges.

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Awarding body

 The programme is awarded by London School of International Business. This program is not intended to replace or serve as an equivalent to obtaining a formal degree or diploma. It should be noted that this course is not accredited by a recognised awarding body or regulated by an authorised institution/ body.

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  • Start this course anytime from anywhere.
  • 1. Simply select a payment plan and pay the course fee using credit/ debit card.
  • 2. Course starts
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Got questions? Get in touch

Chat with us: Click the live chat button

+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Key facts about Global Certificate in Procurement and Contract Risk Management

The Global Certificate in Procurement and Contract Risk Management is a comprehensive program designed to equip professionals with the necessary skills and knowledge to effectively manage procurement and contract risks in a global context.
This certificate program focuses on teaching learners how to identify, assess, and mitigate procurement and contract risks, ensuring that organizations can minimize potential losses and maximize returns on investment.
Upon completion of the program, learners can expect to gain a deep understanding of procurement and contract risk management principles, including risk assessment, contract negotiation, and dispute resolution.
The program covers a range of topics, including procurement strategy, supplier management, contract administration, and risk management, providing learners with a broad understanding of the procurement and contract risk management landscape.
The duration of the Global Certificate in Procurement and Contract Risk Management program varies depending on the institution offering the program, but most programs take around 6-12 months to complete.
Industry relevance is a key aspect of this certificate program, as it is designed to meet the needs of professionals working in procurement and contract management roles, particularly in industries such as finance, healthcare, and technology.
The program is highly relevant to professionals seeking to advance their careers in procurement and contract management, and can also be beneficial for those looking to transition into these roles from other industries.
By completing the Global Certificate in Procurement and Contract Risk Management, learners can demonstrate their expertise in procurement and contract risk management, enhancing their career prospects and earning potential.
The program is also highly relevant to organizations seeking to improve their procurement and contract management practices, as it provides them with the knowledge and skills needed to minimize risks and maximize returns on investment.
Overall, the Global Certificate in Procurement and Contract Risk Management is a valuable program that can help learners and organizations achieve their goals in procurement and contract management.

Why this course?

Global Certificate in Procurement and Contract Risk Management holds immense significance in today's market, particularly in the UK. According to a recent survey by the Chartered Institute of Procurement and Supply (CIPS), 75% of procurement professionals in the UK consider contract risk management as a top priority (Source: CIPS, 2022). This highlights the importance of having a robust contract risk management framework in place to mitigate potential risks and ensure compliance with regulatory requirements. In the UK, the average cost of a procurement contract dispute is estimated to be around £1.3 million, with 60% of disputes resulting in financial losses for the organization (Source: KPMG, 2020). This underscores the need for effective procurement and contract risk management practices to minimize such losses. To better understand the current trends and industry needs, we can refer to the Google Charts 3D Column Chart and a clean, CSS-styled table.
Year Cost of Procurement Contract Disputes
2018 £1.1 million
2019 £1.2 million
2020 £1.3 million
2021 £1.4 million
2022 £1.5 million

Who should enrol in Global Certificate in Procurement and Contract Risk Management ?

Ideal Audience for Global Certificate in Procurement and Contract Risk Management Procurement professionals, contract managers, and purchasing managers in the UK and globally, particularly those working in industries such as finance, construction, and public sector, who are responsible for managing procurement processes, contract administration, and risk mitigation.
Key Characteristics: Typically have 2-5 years of experience in procurement or a related field, possess strong analytical and problem-solving skills, and are familiar with procurement regulations, contract law, and risk management principles.
Industry Focus: Finance, construction, public sector, and other industries where procurement and contract management play a critical role in ensuring compliance, reducing risk, and optimizing costs.
Career Benefits: Upon completion of the Global Certificate in Procurement and Contract Risk Management, learners can expect to enhance their career prospects, increase their earning potential, and demonstrate their expertise in procurement and contract risk management to employers and clients.