ELS’s Head of Learning, Cath Convery, commented, "The programme covers the basic principles of commercial risk allocation, outlines contingent liability and the process to follow, and explains generic and special risk indemnities, as well as the evaluation of risk transfer.

"In particular, it outlines the likely costs – to the supplier and the customer – if any problems occur in fulfilling a contract. It also covers the issue of contract liability in the event of a contractual risk occurring and how to mitigate against incurring these costs.

"Consequently, the course content applies to all business sectors, not just the defence world," she added.

Although relatively recently named ‘The Defence Academy of the UK’, the institution has a lengthy pedigree. It can trace its origins to 1772, when the Military Society was founded in Woolwich to provide training in ordnance, ballistics, and explosives for the artillery, and ensure that military technology kept pace with the Industrial Revolution. It also includes the Joint Services Command and Staff College (JSCSC), which began in 1799 with the creation of the Royal Military College.