Professional Certificate in Risk Management, PCRM (by NUS Extension) and Certified Professional Risk Manager, CPRM (by ARIMI)

The Certified Professional in Risk Management Program CPRM is has set the industry standard for risk professionals and decision-making studies in Asia. It is conducted by the Asian Risk Management Institute (ARiMI) - the leading Asian research and professional development institute in Enterprise risk management - in association with NUS. The programme is tailored to deliver a solid, integrated, cross-disciplinary understanding of key risk management issues and best-practices for decision-makers regardless of industry backgrounds.

It is a practical course, which develops professionals to be able to combine a detailed understanding of Risk Management fundamental concepts, practices and tools with sophisticated leadership, managerial and organizational skills. These `hybrid' managers are effective in delivering change and securing competitive advantage for their organization. They are the key for an organization’s survival and growth in an increasingly complex and volatile business environment.
 

Benefits for YOU

The programme is aimed at advancing your professional development, and will enable you to:
* Develop your understanding and knowledge in a key area of business and management
* Understand how your perception of risk creates biases while making important decisions
* Build on a comprehensive decision-making approach integrating a systematic analysis of risks
* Challenge your mind with new perspectives and insights and maximize your organizational effectiveness
* Gain a competitive edge over your peers and enhance your career advancement opportunities.

Benefits for your organisation
In addition to the individual benefits outlined above (which will transfer into the workplace), your organisation will gain from the following factors:

* Establish decision-making processes in the organization and overcome organisational barriers that inhibit good decision processes
* Develop effective Risk Management systems within your organisation and gain insight and competitive advantage through better decisions
* Gain practical experience and training in identifying the opportunities presented by Risk Management methodologies and practices for value creation
 

Programme Assessment
For Professional & Knowledge Development:
Participants who have an interest in Risk Management and/or want to acquire risk management skills as part of their career development can register for the modules they are interested in. They will receive a certificate of participation.

For Professional Accreditation:
Participants seeking accreditation are required to register for core modules + either group I or II of elective modules and sit for the exams. The programme is assessed by a mix of 25% coursework and 75% examination. Coursework assessment is based on a variety of tasks, including individual essays and group reports.

The participants will be awarded by NUS Extension and the Asian Risk Management Institute, (ARiMI):

* the Professional Certificate in Risk Management upon successful completion of the examination for the core modules,
* the Certified Professional Risk Manager, CPRM designation upon successful completion of the coursework and all examinations for the core and elective modules.
 

For your next step in Professional Learning Development
The CPRM course content cover more than 75% of the ARM54 course curiculum (ARM, Asssociate in Risk Management, is a state-of-the-art professional development program in Risk Management created 30 years ago by the Insurance Institute of America (IIA) and is internationally recognized as the program of reference in Risk Management) and will ease your way to a pass successfully the ARM examinations should you wish to continue your development in Risk Management.

You can also further develop toward the FARM, Fellowship in Applied Risk Management The program is designed for leaders confronted with the challenge of making strategic decisions in a very volatile and complex business environment and need to broaden their Risk Management understanding at an organizational wide level and enhance their strategic risk decision making and change management skills.

Beyond the Classroom: Alumni Membership
The CPRM Certified Professional in Risk Management programme is a powerful experience. By its very participative nature, it creates strong links between the participants. Only part of the value you take from the Certified Risk Management Professional programme originates in the classroom. Your interaction with your programme peers and your ability to learn from them should be continuous.

The Asian Risk Management Society (ARMS) is an alumni association established by ARiMI and is open to all participants and graduates. It provides regular opportunities for alumni to meet, exchange ideas and practices and to continue learning and developing themselves.
The following are some of the benefits of Alumni membership:
* Online Alumni Graduates directory
* Email newsletter: Risk Connection
* ARMS/ARiMI Quarterly magazine
* Access to the ARMS Alumni Association website
* Participation in numerous research and activities
* Online career services
* Access to ARiMI online Body of Knowledge (ABOK)

With access to a growing number of risk management graduates through the Asian Risk Management Society (ARMS), you can expect your learning experience to be fulfilling and long lasting.

Programme Structure

Programme Contents

Core Modules: The essentials of Risk Management
* Module 1 – Creating Value with Risk Management: A Roadmap to Understanding Enterprise-Wide Risk Management Principles, Methodologies & Tools
* Module 2 - Psychology of Decision-Making & Risk: Behavioural aspects of risk management, risk perception & communication
* Module 3 - Manager’s Toolbox for Effective Decision-Making Strategies & Techniques: Get Equipped for the Challenges of an Uncertain & Complex World
* Module 4 – Corporate Risk Mapping for Strategic & Operational Planning: Identifying & Assess Risks to Optimize on Opportunities

* Module 5 – Techniques & Solutions to Manage Risks Successfully: Key Techniques to Protect Your Tangible & Intangible Assets

* Module 6 – The Keys to Business Continuity & Crisis Management: Get Ready! Avert, Prepare For & Recover From Any Crisis CM 4 - Risk & Organizational Mapping: Identifying and assessing an organization’s vulnerabilities and associated opportunities

Elective Modules - Group I: Statistical and financial approach to Risk Management
* EM 1 - Advanced Data Analysis: Probability analysis and forecasting
* EM 2 - Making Risk Management Decisions Through Cash Flow Analysis

Elective Modules - Group II: Key areas of practice for Risk Management
* EM 3 - Project Risk Management: Managing Risks dynamically to deliver more value for your projects and your organization
* EM 4 - Managing Human Risk: The human element at the source of most Risks in organizations i.e. Fraud, organizational culture, change management, teamwork, etc.

 
Training Method and Format
The programme follows a format that fosters interaction and participation from the participants. It involves a balanced mix of lectures, interactive case presentations, group discussions, and problem-solving exercises including a computer aided workshop; all with a clear focus on real Risk Management issues in an Asian context.

Programme Faculty

The programme is delivered by a faculty of active and highly credentialed practitioners, skilled educators, researchers, and entrepreneurs. Each is an expert in a variety of industries, including, but not limited to, finance, insurance and risk management.

Registration Details

Participants have the option to attend all 3 module groups (Core modules 1 to 6 plus 2 elective groups, or, to attend only the core plus one of the two elective modules groups. There are 3 different combinations so that you can choose the one that best fits your needs.