Managing Contractual Risk (L5M3)

Module Purpose

On completion of this module, learners will be able to evaluate the legal and process issues relating to the formation of contracts and the legal implications of contractual non-conformance. They will also assess the impacts of breach of contract and examine potential remedies and provisions that are available under such circumstances.

Module aim(s)

As organisations outsource activity it is vital that they ensure the associated contracts deliver expected services and/or products. Those tasked with managing the procurement and supply function must identify, monitor, and manage contractual risk. This module is designed to help learners examine the nature of contract risk, and the legal implications relating to contract formation and non-conformance. Learners will also consider the impact and management of breach of contract.

Next steps

Starting a CIPS qualification programme means you will join the largest institute in the world for those working in procurement and supply. You can join as a student member online today. Once joined you can book your examinations online