Course Introduction :
In today’s complex regulatory and operational environment, organizations are required to strengthen governance, transparency, and control across procurement, contracts, and asset management functions. Ineffective contract administration, weak asset disposal practices, and exposure to fraud, supplier collusion, and corruption can lead to significant financial, legal, and reputational risks.
This integrated training program is designed to equip professionals from Contracts, Procurement, and Stores with the practical knowledge and applied skills needed to manage contracts effectively, execute asset disposal in a compliant and transparent manner, and implement robust mechanisms to detect and prevent fraud and corruption, in line with international best practices and governance standards.
Course Objectives :
By the end of this program, participants will be able to:
- Effectively manage contracts throughout their full lifecycle.
- Apply best practices in asset disposal planning, execution, and control.
- Identify fraud risks, supplier collusion schemes, and corruption indicators.
- Implement preventive controls and governance mechanisms.
- Strengthen compliance, accountability, and institutional integrity.
Training Methodology :
- Interactive Lectures
- Real-Life Case Studies
- Group Discussions
- Practical Exercises and Simulations
- Knowledge Sharing and Experience Exchange
Course Outline :
Day 1: Fundamentals of Contract Management
- Introduction to Contract Management
- Contract Lifecycle Management (CLM)
- Roles and Responsibilities in Contract Administration
- Contract Risk Identification and Mitigation
- Practical Case Studies and Exercises
Day 2: Advanced Contract Administration & Governance
- Contract Performance Monitoring and KPIs
- Managing Contract Variations, Claims, and Amendments
- Contract Disputes and Resolution Mechanisms
- Contract Close-Out and Final Settlement
- Contract Governance and Compliance Frameworks
Day 3: Asset Disposal Management
- Principles and Importance of Asset Disposal
- Asset Disposal Policies, Procedures, and Controls
- Asset Valuation and Pricing Methods
- Disposal Methods (Sale, Auction, Transfer, Write-off)
- Transparency, Accountability, and Audit Trails
Day 4: Fraud Detection, Supplier Collusion & Corruption
- Types of Fraud in Procurement and Contracting
- Supplier Collusion Schemes and Red Flags
- Corruption Risks in Asset Disposal and Contracting
- Early Warning Indicators and Risk Assessment
- Practical Fraud and Collusion Case Studies
Day 5: Fraud Prevention, Controls & Best Practices
- Fraud Prevention Strategies and Internal Controls
- Anti-Corruption Frameworks and Compliance Systems
- Investigation Basics and Evidence Documentation
- International Best Practices and Lessons Learned
- Integrated Case Studies and Practical Workshops