The development of risk evaluation management tools, including risk assessments, risk registers and other tools, and the assessment of contractual risks for procurement of goods or services

Create risk assessments, registers or other risk evaluation tools and agree actions to mitigate risks with suppliers and other stakeholders

Measuring risks in procurement and supply such as:

• Quality
• Cost
• Resilience
• Sustainability
• Achievement of timescales

Compile risk assessments, registers or other risk evaluation tools for projects and agree actions with suppliers and other stakeholders to allocate or share risks to avoid claims, variations or disruption

How to collate and analyse data and statistics relating to risks in procurement and supply, and the actions needed to mitigate their impact

Compile qualitative and quantitative data to measure risks in the procurement of goods or services and take actions to reduce the probability and impact of the risks

Monitoring and control in procurement and supply

Use monitoring and control processes or systems to manage risk in procurement and supply

The monitoring and control of sustainability in procurement and supply

Devise and monitor key performance indicators (KPIs) for sustainability with suppliers and take appropriate actions to ensure delivery to agreed standards

Market factors that can impact on risks such as:

• Industry dynamics
• Competitiveness
• Pricing behaviour
• Technology drivers

Research and use data relating to market changes that inform decision making and mitigate risk

Market and supply chain disruptors

Take action with stakeholders to mitigate the impact of market and supply chain disruption