Certified Risk Management Professional CRMP - United States

Certified Risk Management Professional (CRMP) Course Outline

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