Prosperas Skills Center

contract management and financial risk training

Contract Management and Financial Risk Training 2026

Duration: 5 Days

Location: Nairobi

Course Overview

Poor contract management is one of the most common causes of cost overruns, project delays, and legal disputes in both public and private sectors. Unclear responsibilities, weak oversight, and poor risk assessment let small problems grow into expensive ones. This course teaches you how to prevent that.

You will learn how to manage contracts across their full lifecycle, from planning and award through execution, monitoring, and closeout. The course embeds financial risk mitigation at every stage, covering how to identify financial exposures, enforce service level agreements, manage contract variations, and handle disputes before they escalate.

The course focuses on high-stakes contracts in public procurement, construction, consulting, and donor-funded projects. Training combines contract law principles with practical financial controls, risk scoring tools, and real case studies.


Course Objectives

By the end of this course, you will be able to:

  • Understand the full contract management lifecycle and its financial implications.
  • Design robust contract monitoring and evaluation frameworks.
  • Identify financial risks in contracts and apply mitigation strategies.
  • Strengthen contract administration practices and performance tracking.
  • Manage contract variations, amendments, and dispute resolution processes.
  • Ensure compliance with procurement regulations and financial policies.

Who Should Attend

This course is for professionals who manage, oversee, or advise on contracts in the public or private sector.

  • Contract and Procurement Managers
  • Project Managers and Implementing Officers
  • Financial and Compliance Officers
  • Legal and Risk Management Professionals
  • Auditors and Internal Control Officers
  • Government Officers Handling Public-Private Partnerships (PPPs)

How the Training Works

The course is practical and case-driven. You will work through real contract challenges and build tools you can apply in your organization straight away.

  • Expert-led presentations on contract management frameworks and financial controls.
  • Group exercises on contract performance analysis.
  • Case studies on contract risk management failures and successes.
  • Ready-to-use templates for contract risk scoring and compliance monitoring.
  • Simulation exercises on managing contract disputes and claims.

What You Will Walk Away With

After this course, you will have stronger contract oversight skills and practical tools to reduce financial exposure in your organization.

  • Better contract governance and financial control systems.
  • The ability to reduce financial losses from poorly managed or risky contracts.
  • Stronger vendor oversight and performance enforcement practices.
  • Greater ability to manage contract delivery through uncertainty and disruption.
  • A risk mitigation plan tailored to the contracts in your organization.

Course Modules

Module 1: Foundations of Contract Management

  • Principles and types of contracts.
  • Legal elements and enforceability.
  • Roles and responsibilities in contract administration.

Module 2: Financial Risk Identification and Analysis

  • Common financial risks in procurement and contracting.
  • Tools for contract risk assessment and rating.
  • Links between budgeting, cash flow, and contract execution.

Module 3: Contract Execution, Monitoring, and Control

  • Setting up contract management plans and key performance indicators.
  • Payment schedules, deliverables, and financial controls.
  • Monitoring contractor performance and service delivery.

Module 4: Managing Contract Amendments and Variations

  • Legal and procedural requirements for contract changes.
  • Documenting and negotiating amendments effectively.
  • Preventing scope creep and budget overruns.

Module 5: Dispute Resolution and Claims Management

  • Identifying early warning signs of contract conflict.
  • Claims resolution mechanisms: negotiation, arbitration, and litigation.
  • Maintaining relationships while enforcing contractual rights.

Module 6: Compliance, Reporting, and Closeout

  • Audit trails and financial reporting requirements.
  • Contract closeout procedures and post-contract evaluations.
  • Lessons learned and building institutional contracting capacity.

Course General Information

This course is delivered by qualified and experienced trainers with extensive expertise in their respective fields. Our training approach combines interactive theory sessions, hands-on practical activities, group work, and case studies, ensuring a dynamic and impactful learning experience.

Training Location

The sessions will be held at PROSPERAS SKILLS CENTER, Nairobi, Kenya. We also offer tailor-made group training at client-requested locations upon prior arrangement.

Certification

Upon successfully completing the training, participants will be awarded a certificate from PROSPERAS SKILLS CENTER.

Fees and Inclusions

Covers tuition, training materials, lunch, and venue. Accommodation and airport transfers can be arranged upon request.

Payment Details

Payment must be made to our bank account prior to the commencement of training. Please forward proof of payment to: trainings@prosperasskillscenter.com

For Further Inquiries

Contact us via email: trainings@prosperasskillscenter.com

Contract Management and Financial Risk Training 2026

Start Date End Date Online Fee (USD) In-Person Fee (USD) Register
17 Nov, 2025 21 Nov, 2025 1000 1500 Enroll
24 Nov, 2025 28 Nov, 2025 1000 1500 Enroll
01 Dec, 2025 05 Dec, 2025 1000 1500 Enroll
15 Dec, 2025 19 Dec, 2025 1000 1500 Enroll
05 Jan, 2026 09 Jan, 2026 1000 1500 Enroll
12 Jan, 2026 16 Jan, 2026 1000 1500 Enroll
19 Jan, 2026 23 Jan, 2026 1000 1500 Enroll
26 Jan, 2026 30 Jan, 2026 1000 1500 Enroll
02 Feb, 2026 06 Feb, 2026 1000 1500 Enroll
09 Feb, 2026 13 Feb, 2026 1000 1500 Enroll
23 Feb, 2026 27 Feb, 2026 1000 1500 Enroll
23 Feb, 2026 27 Feb, 2026 1000 1500 Enroll
02 Mar, 2026 06 Mar, 2026 1000 1500 Enroll
09 Mar, 2026 13 Mar, 2026 1000 1500 Enroll
23 Mar, 2026 27 Mar, 2026 1000 1500 Enroll
13 Apr, 2026 17 Apr, 2026 1000 1500 Enroll
20 Apr, 2026 24 Apr, 2026 1000 1500 Enroll
04 May, 2026 08 May, 2026 1000 1500 Enroll
11 May, 2026 15 May, 2026 1000 1500 Enroll
18 May, 2026 22 May, 2026 1000 1500 Enroll
08 Jun, 2026 12 Jun, 2026 1000 1500 Enroll
15 Jun, 2026 19 Jun, 2026 1000 1500 Enroll
22 Jun, 2026 26 Jun, 2026 1000 1500 Enroll
29 Jun, 2026 03 Jul, 2026 1000 1500 Enroll
06 Jul, 2026 10 Jul, 2026 1000 1500 Enroll
13 Jul, 2026 17 Jul, 2026 1000 1500 Enroll
20 Jul, 2026 24 Jul, 2026 1000 1500 Enroll
27 Jul, 2026 31 Jul, 2026 1000 1500 Enroll
03 Aug, 2026 07 Aug, 2026 1000 1500 Enroll
10 Aug, 2026 14 Aug, 2026 1000 1500 Enroll
17 Aug, 2026 21 Aug, 2026 1000 1500 Enroll
31 Aug, 2026 04 Sep, 2026 1000 1500 Enroll
07 Sep, 2026 11 Sep, 2026 1000 1500 Enroll
14 Sep, 2026 18 Sep, 2026 1000 1500 Enroll
21 Sep, 2026 25 Sep, 2026 1000 1500 Enroll
28 Sep, 2026 02 Oct, 2026 1000 1500 Enroll
12 Oct, 2026 16 Oct, 2026 1000 1500 Enroll
26 Oct, 2026 30 Oct, 2026 1000 1500 Enroll
02 Nov, 2026 06 Nov, 2026 1000 1500 Enroll
09 Nov, 2026 13 Nov, 2026 1000 1500 Enroll
16 Nov, 2026 20 Nov, 2026 1000 1500 Enroll
23 Nov, 2026 27 Nov, 2026 1000 1500 Enroll
30 Nov, 2026 04 Dec, 2026 1000 1500 Enroll
07 Dec, 2026 11 Dec, 2026 1000 1500 Enroll
14 Dec, 2026 18 Dec, 2026 1000 1500 Enroll