NEVADA | PROFESSIONAL EXPERIENCE

Program Professional Framework

Certified Risk Management Professional

Program Overview

Effective risk management gives decision-makers a clear view of what could affect objectives and what is being done about it. This course develops the full risk management cycle described in ISO 31000:2018: establishing scope and criteria, identifying, analysing and evaluating risks, selecting treatments, and monitoring and reporting. Participants apply qualitative and quantitative techniques, including bow-tie analysis and Monte Carlo simulation, set key risk indicators and risk appetite, and relate the process to COSO ERM and to the enterprise risk expectations of GCC regulators and government entities.

Learning Outcomes

✓Define risk criteria, likelihood and consequence scales, and a risk matrix suited to an organisation's objectives.
✓Identify risks using structured techniques such as workshops, checklists and bow-tie analysis.
✓Analyse risks qualitatively and estimate exposure quantitatively with a simple Monte Carlo model.
✓Select and justify risk treatment options with owners, costs and target residual ratings.
✓Design key risk indicators with thresholds and escalation rules.
✓Prepare a risk report and heat map for executive management.

Target Audience

Risk managers and ERM officers
Risk coordinators and risk champions in business units
Internal auditors and compliance officers
Strategy and planning managers

Detailed Program Modules

01Risk Management Principles and Frameworks

ISO 31000:2018 principles, framework and process
COSO ERM components
Risk management in GCC government and regulated sectors

02Context and Risk Criteria

Scope, objectives and stakeholders
Likelihood and consequence scales
Risk appetite and tolerance

03Risk Identification

Workshops, interviews and checklists
Bow-tie and scenario techniques
Writing clear cause-event-consequence statements

04Risk Analysis and Evaluation

Qualitative rating and heat maps
Quantitative analysis and Monte Carlo basics
Prioritisation against risk criteria

05Risk Treatment

Avoid, reduce, share and accept options
Control effectiveness and residual risk
Treatment plans and cost-benefit

06Monitoring, Reporting and Risk Culture

Key risk indicators and thresholds
Risk registers and reporting cycles
Embedding risk culture and accountability

Training Methodology

Interactive expert-led sessions grounded in workplace examples

Case studies and practical exercises drawn from the region

Group workshops with peer review of decisions and deliverables

Formative feedback against clear performance criteria

Applied Project & Assessment

Applied Project

Participants build a risk register for a selected department or project: criteria and matrix, at least ten well-written risks, a quantitative estimate for one major risk, treatment plans and a set of KRIs with an executive risk report.

Assessment

Short diagnostic at the start, practical tasks linked to each learning outcome, and evaluation of the applied project against published criteria.

University Certificate & International Accreditation

Professional Certificate accredited by University of Malaya in Certified Risk Management Professional

International accreditation: International Auditors Group (IAG)