Uncertainty analysis is an advanced and sophisticated method to anticipate and plan for risk. Contracts are by their nature incomplete – they cannot anticipate every risk event. But they can be designed to manage uncertainties.
This workshop delivers structured plans and tools to undertake uncertainty analysis and ensure the appropriate contract terms and model for its management.
The template-driven approach to contracting that is so pervasive in many organizations creates a culture of risk allocation and avoidance, rather than a capability for risk management. Through deploying the VCU model, organizations can shift to a new level of capability and performance.
The workshop brings together internal teams and stakeholders, especially those handling the more complex and strategic contracts and relationships, and equips them through hands-on practice to understand and use the VCU framework, which was first developed for a group of leading international corporations that were determined to improve their financial performance by tackling the weaknesses in post-award contract management.
Available in either a physical or virtual environment, the workshop typically runs over 8 hours and allows teams to explore and experiment with the concepts and guidance provided as part of the VCU framework. They develop a deployment plan which ensures rapid impact.
To find out more, contact our team.