Contract and Risk Management Course – PMI-CP™ Certification Training

 Overview

 Strengthen Contract & Risk Management Skills for Construction Projects

Every engineering and construction project involves uncertainty, contractual complexities, and potential risks. Effective **contract and risk management** practices are essential to protect project value, reduce disputes, prevent claims, and improve delivery outcomes.

The **Contract and Risk Management course** provides construction professionals with practical strategies to manage project risks, understand contract requirements, and apply proven methods to support successful project execution.

This course is one of the four foundational courses required for the **PMI Construction Professional (PMI-CP)™ certification**. Developed by PMI in collaboration with leading construction organizations, PMI-CP™ equips professionals with the knowledge and skills needed to manage large, complex construction projects and transform the global construction industry.

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What You’ll Learn

By completing this course, you will learn how to:

* Understand the contract lifecycle and key management practices
* Select suitable contract structures and delivery methods
* Identify and prioritize construction project risks
* Build effective risk management frameworks
* Apply risk management tools and techniques
* Reduce claims and prevent disputes
* Manage claims and dispute resolution processes effectively

PMI’s self-paced learning format includes multimedia content, guided study resources, and structured activities designed to help you build practical contract and risk management expertise.

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Course Curriculum

 Module 1: Introduction to Contract & Risk Management

Gain an overview of the course and understand the fundamentals of managing contracts and risks in construction projects.

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Module 2: Contract Lifecycle Management

Contracts define the agreement between project parties and establish expectations for delivery.

Learn about:

* Key stages of the contract lifecycle
* Contract development and execution processes
* Contract management activities
* Best practices for successful contract administration

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Module 3: Contract & Delivery Method Strategies

Different construction projects require different delivery approaches and contract structures.

Explore:

* Common project delivery methods
* Contract strategy selection
* Factors influencing contract decisions
* How contract structures impact project success

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Module 4: Risk Classification & Prioritization

Understand how contract complexity and project conditions create potential risks.

Learn how to:

* Identify construction project risks
* Classify and prioritize risks
* Evaluate risk impact and probability
* Focus resources on critical risk areas

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Module 5: Risk Management Framework & Processes

Develop structured approaches to manage project risks effectively.

Discover:

* Risk management models
* Risk identification and response strategies
* Framework selection based on project needs
* Methods to improve project resilience

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Module 6: Risk Management Tools & Techniques

Learn practical tools used to reduce project uncertainty.

Explore:

* Risk assessment techniques
* Risk response planning
* Risk monitoring approaches
* Tools that improve project decision-making

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Module 7: Common Causes of Claims

Understand why claims occur and how they affect construction projects.

Learn about:

* Common causes of project claims
* Types of claims
* Difference between change orders and contractual claims
* Identifying potential claim risks early

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Module 8: Preventing Claims & Disputes

Learn proactive strategies to reduce conflicts and improve project outcomes.

Explore:

* Claim prevention methods
* Risk mitigation approaches
* Effective communication practices
* Best practices for avoiding disputes

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Module 9: Claims Management & Dispute Resolution

Understand how to manage claims when they arise.

Learn about:

* Claim preparation and evaluation
* Claims management processes
* Dispute resolution methods
* Approaches for resolving construction conflicts

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Course Benefits

After completing this course, you will be able to:

* Manage construction contracts more effectively
* Identify and control project risks
* Reduce claims and disputes
* Improve stakeholder relationships
* Strengthen project planning and execution
* Support successful construction project delivery

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Course Details

Course Duration: 6 Hours

PDUs: 5

Business Acumen: 3 PDUs
Ways of Working: 0.5 PDUs
Power Skills: 1.5 PDUs

Associated Certification: PMI-CP™ Construction Professional Certification

Build the expertise needed to manage construction contracts, control risks, and deliver successful complex projects.