Certified Risk Management Professional (CRMP)-2nd Batch

In this module, Introduction to Risk Management, participants will explore the foundational concepts of risk, gaining a comprehensive understanding of its various dimensions and the key principles of risk management. The module will cover the nature of risks, their potential impact on organizations, and the essential strategies for identifying, assessing, and mitigating risks to ensure business continuity and success. By the end of this module, learners will have a clear understanding of what constitutes a risk and the frameworks used to manage risks effectively across various industries.

Context and Key Concepts of Risk Management, participants will delve into the essential concepts and definitions that form the foundation of risk management. The module will explore how risk management is applied in organizational settings, covering various domains such as operational, financial, and strategic risks. Learners will also examine the critical success factors that contribute to effective risk management, providing a comprehensive framework to understand how organizations can mitigate risks and enhance resilience.

Framework for Risk Management in Portfolio, Program, and Project Management, participants will explore how risk management operates across different levels of organizational activities, including portfolios, programs, and projects. The module examines the business context, highlighting how risk management strategies must align with organizational objectives. It also defines the scope of accountability, responsibility, and authority for risk management, while introducing general approaches for identifying and mitigating risks in these domains.

Risk Management Life Cycle in Portfolio, Program, and Project Management, participants will gain an in-depth understanding of the risk management life cycle, exploring each stage of identifying, assessing, planning, and managing risks across various organizational levels—portfolio, program, and project management. This module will provide a systematic approach to managing risks, ensuring that risk management practices are effectively integrated into all stages of organizational processes, from planning to monitoring.

Risk Management in the Context of Portfolio Management, participants will explore the critical aspects of integrating risk management into portfolio management performance domains. This module examines the portfolio risk management life cycle and provides insights into how risk management aligns with strategic goals, governance, capacity, and stakeholder engagement. Participants will learn how to optimize risk management across an entire portfolio, ensuring effective oversight and maximizing portfolio value.

Risk Management in the Context of Program Management, participants will delve into the complexities of managing risks at the program level. This module will provide a comprehensive understanding of the program risk management life cycle and how risk management is integrated into the key performance domains of program management. Participants will learn how risk management aligns with program strategy, benefits realization, governance, and stakeholder engagement to ensure the program’s success.

Risk Management in the Context of Project Management, participants will explore the comprehensive process of managing risks within the framework of project management. This module will cover the entire project risk management life cycle, from identifying risks to conducting qualitative and quantitative analyses, developing and implementing risk response strategies, and continuously monitoring risks throughout the project lifecycle. Additionally, the module emphasizes the integration of risk management into each project management process group—initiating, planning, executing, monitoring, and closing.

Portfolio Risk Management Controls, participants will explore the essential purpose and implementation of risk management controls across various portfolio management domains. This module covers the systematic identification, assessment, mitigation, and monitoring of risks throughout an entire portfolio, ensuring alignment with strategic objectives. The focus will be on controls for portfolio strategic management, governance, capacity and capability management, stakeholder engagement, value management, and the overall portfolio risk management process.

Program Risk Management Controls, participants will explore the essential role of risk management controls in ensuring the success of a program. This module covers the purpose and application of risk management controls across key areas such as program strategy alignment, benefits management, stakeholder engagement, governance, and life cycle management. Participants will learn how to systematically identify, assess, mitigate, and monitor risks, ensuring that program objectives are met and organizational goals are achieved.

Project Risk Management Controls, participants will gain a comprehensive understanding of the purpose and application of risk management controls within the context of project management. This module covers the systematic processes involved in identifying, assessing, mitigating, and monitoring risks across various aspects of a project, including integration, scope, schedule, cost, quality, resources, communications, procurement, and stakeholder management. By exploring these controls, participants will learn how to ensure that risks are effectively managed throughout the project lifecycle, leading to successful project outcomes.

Techniques for the Risk Management Framework, participants will explore various techniques used throughout the risk management process, including risk management planning, risk identification, qualitative and quantitative risk analysis, response planning, implementation of risk responses, and risk monitoring. This module provides a practical guide to applying these techniques systematically to help organizations and projects manage risks effectively, enhancing decision-making and overall performance.

Enterprise Risk Management Considerations for Portfolio, Program, and Project Risk Management, participants will explore how enterprise risk management (ERM) principles are applied across different levels of an organization—portfolio, program, and project management. This module discusses the integration of ERM within these contexts, emphasizing the importance of aligning risk management practices with broader organizational objectives to ensure a comprehensive approach to risk identification, mitigation, and monitoring.