Certified Risk Management Professional (CRMP) Course

• Professional Background: While no prior risk management experience is required, a basic understanding of business operations, project management, or related fields will enhance the learning experience.
   

• Language Proficiency: Learners must have a strong command of English, as all course content, discussions, and assessments are delivered in English.
   

• Interest in Risk Management: This course is ideal for individuals looking to advance their careers by gaining expertise in risk management and enhancing their ability to navigate uncertainties in the business environment.

• Understand Risk Management Principles: Gain a comprehensive understanding of key risk management concepts, frameworks, and industry standards, enabling you to make informed decisions and mitigate potential risks.
   

• Develop Risk Assessment Skills: Learn how to identify and assess risks within a variety of organisational contexts, using qualitative and quantitative methods to determine their potential impact.
   

• Implement Risk Mitigation Strategies: Master techniques to develop and implement risk mitigation plans, ensuring that identified risks are managed effectively and appropriately within your organisation.
   

• Enhance Crisis Management Capabilities: Build skills in crisis management and business continuity planning, ensuring your organisation is prepared to handle unexpected events and minimise disruption.
   

• Foster a Risk-Aware Culture: Learn strategies to promote a culture of risk awareness within the organisation, ensuring that all employees are proactive in identifying and managing risks at every level.
   

• Leverage Risk Management Tools and Technologies: Explore the latest risk management tools and software to streamline the process of identifying, assessing, and mitigating risks, improving efficiency and effectiveness in decision-making.

The Certified Risk Management Professional (CRMP) Course is designed for professionals aiming to deepen their expertise in identifying, assessing, and mitigating risks across diverse organisational contexts. This qualification is suitable for: 

• Risk Managers

• Compliance Officers

• Internal Auditors

• Project Managers

• Business Continuity Managers

• Financial Risk Analysts

• Operational Risk Professionals

Module 1: Defining Risk

• What is Risk?

• Formula for Risk Calculation

• What is a Hazard?

• Risk Categories
   

Module 2: An Overview of Risk Management

• What is Risk Management?

• What is Risk Identification?

• What is Risk Attitude?

• What is Risk Mapping?

• What is a Risk Management Plan?

• Risk Map
   

Module 3: Why Risk Management necessary?

• Overview

• Enhance Resilience

• Improving Decision-making

• Building Trust

• Creating Opportunities

• Meeting Stakeholder Expectations
   

Module 4: What makes Risk Management Worthwhile?

• Introduction

• Reasons Why Risk Management is Worthwhile

  • Protection of Assets

  • Cost Reduction

  • Improved Decision Making

  • Compliance

  • Competitive Advantage

  • Stakeholder Confidence
     

Module 5: Principles of Risk Management

• Risk Assessment

• Risk Mitigation

• Risk Communication

• Risk Monitoring

• Integration with Business Processes

• Continuous Improvement

• Risk Ownership

• Risk Culture
   

Module 6: Risk Management Culture

• Key Aspects of a Risk Management Culture

• Barriers to Risk Management

• What Steps can be Taken?

• What are the Benefits?

• Developing and Demonstrating Good Risk Culture

• Changing the Culture for Risk Management
   

Module 7: Risk Management Process

• Plan Risk Management Process

• Identify Risk Process

• Qualitative Risk Analysis Process

• Quantitative Risk Analysis Process

• Plan Risk Response Process   

• Monitor and Control Risk Process
   

Module 8: Assessments and Control of Risk Management

• Risk Health Checks

• Triggers for Health Checks

• Risk Health Check Structure

• Risk Maturity Models

• KPIs and EWIs – The Value of Risk Management

• Strategic KPIs and EWIs

• Programme KPIs and EWIs

• Project KPIs and EWIs

• Operational KPIs and EWIs
   

Module 9: Duties and Roles Adopted

• Senior Level

• Management Commitment

• Support Level Commitment
   

Module 10: Risk Management Tools

• Probability Scales

• Impact Scales

• Probability x Impact

• Risk Register

• Other Tools for Identification

  • Assumptions Analysis

  • Checklist Analysis

  • Interviewing

  • Brainstorming and Prompt Lists

  • Root Cause Analysis

  • Failure Mode and Effects Analysis

  • Fault Tree Analysis

• Contingent Response Plan

• Tools for Monitoring and Controlling Risk
   

Module 11: Making Changes

• Introduction to Decision Making

• Decision Making Process

  • Identifying the Problem

  • Identifying and Analysing Alternatives

  • Making the Decision and Implementing it

  • Review

• Tools and Techniques

  • Decision Tree

  • Analytic Hierarchy Process (AHP)

  • Influence Diagrams (ID)

• Generic Response Options

  • Avoiding the Threat

  • Reducing a Threat

  • Transfer the Threat

  • Accept the Risk

  • Prepare Contingency Plans
     

Module 12: Communicating

• Overview

• Risk Communications Matrix

• Risk Communication Procedures

  • Leadership Level

  • Senior Level

  • Management Level

  • Support Level
     

Module 13: Engaging with Stakeholders

• Overview

• Factors to Give Assurance to Stakeholders
   

Module 14: Economics of Risk Management

• Monte Carlo Analysis

• Cost-Benefit Analysis
   

Module 15: Application of Risk Management

• To an Organisation

  • Risk Identification

  • Risk Assessment

  • Risk Management Planning

  • Risk Monitoring and Review

• To a Specific Business Scenario

  • Risk Mitigation

  • Risk Monitoring and Review

  • Risk Assessment
     

Module 16: Overcoming Problems

• Use a Systematic Approach

• Foster a Risk-aware Culture

• Use Technology

• Regularly Review and Update Risk Management Processes

• Involve Key Stakeholders

• Monitor and Measure Risks
   

Module 17: Concluding CRMP

• Key Points