About this Event
Successful procurement is often described as a sequence of activities: define a requirement, approach the market, evaluate suppliers, negotiate a contract and manage delivery. In complex environments, however, the process is rarely the hardest part. The greater challenge is translating between the different languages spoken by business leaders, government, procurement, legal, finance, technical specialists and industry—and ensuring those perspectives converge in a commercial arrangement that delivers the intended outcome.
A strategic objective must become a clear requirement; that requirement must inform the procurement strategy and evaluation approach; the selected commercial model must allocate risk realistically; and the resulting contract must establish obligations, incentives, acceptance criteria and governance that support delivery. When these translations fail, organisations can end up with ambiguous requirements, unsuitable suppliers, mispriced risk, weak acceptance decisions, contractual disputes or technology that does not meet the business need.
This masterclass uses the Rosetta Stone as a practical model for creating a common commercial language. It brings together strategic alignment, commercial contracting, supplier performance and risk management, with targeted consideration of AI governance and the acceptance of AI-enabled products and services. Participants will examine how to make risk ownership explicit, define evidence-based acceptance, maintain human accountability and ensure that AI-related assurances are proportionate to the intended use and consequences of failure. Australian and Asia-Pacific examples will help participants connect governance and commercial principles to practical decisions.
The objective is not simply to run a compliant procurement or produce a well-written contract. It is to translate organisational intent into defensible commercial decisions and measurable outcomes.
Event venue & nearby stays
Cliftons Canberra, 2/10 Moore St, Canberra, Australia
Concerts, fests, parties, meetups — all the happenings, one place.