Energy Institute | Fundamentals in Quantitative Risk Management

Risk management is key for business resilience and decarbonisation of the energy industry

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Marjan Azodi | Energy Institute Training Manager

Energy Institute is bringing together expertise and professional skills responding to the energy industry needs during uncertain environments.

“Fundamentals of Quantitative Risk Quantification and Business Simulations”, Applications for the Energy Industry, is an accelerated 12-CPD-hour online training course prepares professionals to enter and advance in the field of Risk Management and Decision Analysis using a Quantitative Approach

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Building the Next Net-Zero Workforce with Risk-Based Analytical Skills

Fundamentals in Quantitative Risk Management

Introduction to Risk Modelling

Introduces topics related to Risk Modelling, considering static and dynamic models, and uncertainty analysis, and starts the journey of Quantitative Risk Management using the Risk Simulator software.
Risk Measurements and Data Analysis

Helps to understand risk measurements and key indicators for data analysis, including distribution fitting, expert information, and uncertainty propagation.
Correlation and Sensitivity Analysis

Explores the relationship between correlation and risk management and introduces sensitivity analysis to understand risk profiles and sources of variability.
Risk Profiles and Stress Testing

Helps to connect information from Risk Profiles and Stress Testing to decision support, comparing multiple options, analysing extreme events, and challenging your assumptions and models.ec
Industry Applications

Introduces the “Case Studies” to apply the approaches and analytics learned and increase the level of confidence presenting and discussing your results and outcomes for decision support.

For all enquiries please contact the training team on +44 (0)20 7467 7178 or at [email protected]

Course Curriculum

Investing in Professional Development to Enhance Effective Risk Management

1. Course Syllabus and Policy
  FREE PREVIEW
2. Unit0 - V1 - Welcome and Getting Started
3. Unit0 - V2 - Welcome and Course Outline
4. QRM - Getting Started - Support Material Ebook (MOBI - EPUB -AZW3)
5. Unit0 - SMV1V2 - Vision and Learning Outcomes
6. Unit0 - Quiz 01 - Getting Started
7. Unit0 - V3 - Introduction-Risk-Uncertainty
8. Unit0 - V4 - Risk Management - Information Process
9. Unit0 - V5 - Risk Management - Business Models
10. Unit0 - V6 - Risk Management - Continuity Planning
11. Unit0 - SMV3toV6 - Uncertainty and Risk - Business Process, Models and Continuity
12. Unit0 - Quiz 02 - Overview of Risk Management
13. Unit0 - V7 - Quick Guide - Risk Simulator and Installation
14. RS - Risk Simulator Software (Download)
15. Unit0 - V8 - Risk Simulator - Excel 'Add-In' Instructions
16. Unit0 - SMV7V8 - Risk Simulator and Decision Analytics
17. Unit0 - Quiz 03 - Hands-on Risk Simulator
18. Unit0 - Risk Management Technical Information (Additional Resources)
  FREE PREVIEW
19. Unit0- Test00 - Uncertainty and Risk - Business Process, Models and Continuity - Comprehensive Evaluation
1. Unit1 - Welcome Video
  FREE PREVIEW
2. Unit1 - V1 - Statics Models and Scenarios Analysis - Part 1
3. Unit1 - V2 - Statics Models and Scenarios Analysis - Part 2
4. Unit1 - V3- Statics Models and Scenarios Analysis - Part 3
5. Unit1 - SMV1toV3 - Static Models and Scenario Analysis
6. Unit 1 - Excel File with Models and Data
7. Unit1 - Quiz 01 - Static Models and Scenario Analysis
8. Unit1 - V4 - Introduction to Probability
9. Unit1 - V5 - Probability Distribution Functions and Sampling
10. Unit1 - SMV4V5 - Probability Analysis and Key Definitions
11. Unit1 - Quiz 02 - Probability Analysis and Key Definitions
12. Unit1 - V6 - A Modelling Toolkit in Distributions Functions
13. Unit1 - V7 - Risk Modeling and Monte Carlo Simulations
14. Unit1 - V8 - Hands-on Monte Carlo Simulations with Risk Simulator
15. Unit1 - SMV6toV8 - Uncertainty Analysis and Risk Modelling
16. Unit1 - Quiz 03 - Uncertainty Analysis and Risk Modeling
17. Unit1 - Risk Management Technical Information (Additional Resources)
  FREE PREVIEW
18. Unit1 - Test Instructions - Video
  FREE PREVIEW
19. Unit1 - Test Instructions - Support Material
20. Unit1- Test01 - Risk Modelling and Risk Quantification - Comprehensive Evaluation
21. Unit 1- Test01 - Partial Model Solution
22. Unit1 - Conflict Management in Risk Quantification (Discussions)
23. Risk Simulator - Software Extension
1. Unit2 - Welcome Video
  FREE PREVIEW
2. Unit2 - V1 - Statistical Moments Part 1
3. Unit2 - V2 - Statistical Moments Part 2
4. Unit2 - V3 - Distribution Moments and Data Analysis
5. Unit2 - SMV1toV3 - Risk Measurement, Distribution Moments and Data Analysis
6. Unit2 - Data File for Quiz 01 - Statistics Summary and Data Analysis
  FREE PREVIEW
7. Unit2 - Quiz 01 - Statistics Summary and Data Analysis
8. Unit2 - V4 - Fundamentals of Distribution Fitting
9. Unit2 - V5 - Distribution Fitting and Custom Distribution
10. Unit2 - Data File for Quiz 02 - Distribution Fitting and Custom Distribution
  FREE PREVIEW
11. Unit2 - SMV4V5 - Distribution Fitting and Decision Support
12. Unit2 - Quiz 02 - Distribution Fitting and Custom Distribution
13. Unit2- V6 - Test02 Instructions - Video
  FREE PREVIEW
14. Unit2 - Data File for Test 02 - Excel File
15. Unit2 - SMV6 - Support Material Test02
  FREE PREVIEW
16. Unit2- Test02 - Risk Measurements and Distribution Fitting - Comprehensive Evaluation
17. Unit 2- Test02 - Partial Model Solution
18. Risk Simulator - Software Extension (Optional)
19. Unit2 - Distribution Fitting Technical Information (Additional Resources)
  FREE PREVIEW
1. Unit3 - Welcome Video
  FREE PREVIEW
2. Unit3 - V1 - Introduction to Correlation Analysis
3. Unit3 - V2 - Correlation Impacts and Correlated Simulations
4. Unit3 -V3 - Hands-on Correlated Simulations
5. Unit3 - SMV1toV3 - Correlation Analysis and Correlated Simulations
6. Unit3 - Data File for Quiz 01 - Correlation Analysis
7. Unit3 - Quiz 01 - Correlation and Simulations Analysis
8. Unit3 - V4 - Tornado Analysis - Risk Identification (Critical Success Factors)
9. Unit3 - V5 - Sensitivity Analysis (Variability Contribution)
10. Unit3 - V6 - Hands-on Tornado and Sensitivity Analysis
11. Unit3 - SMV4toV6 - Tornado Analysis, Sensitivity Analysis and Risk Drivers
12. Unit3 -Quiz 02 - Tornado Analysis and Sensitivity Analysis
13. Unit3 - Static and Dynamic Sensitivity Analysis (Additional Resources)
  FREE PREVIEW
14. Unit3 - Data File for Test 03 - Excel File
15. Unit3 - V7 - Test03 Instructions - Video
16. Unit3 - SMV7 - Test03 Support Material
17. Unit3- Test03 - Correlation and Sensitivity Analysis - Comprehensive Evaluation
18. Unit 3- Test03 - Partial Model Solution
1. Unit4 - Welcome Video
  FREE PREVIEW
2. Unit4 - V1 - Risk Profiles and Coefficient of Variation
3. Unit4 - V2 - Analytical Tools and Stochastic Dominance
4. Unit4 - V3 - Hands-on Risk Profiles and Stochastic Dominance
5. Unit4 - Data File for Quiz 01 - Risk Profiles and Stochastic Dominance
6. Unit4 - SMV1toV3 - Risk Profiles, Analytical Tools and Stochastic Dominance
7. Unit4 - Quiz 01 - Risk Profiles and Stochastic Dominance
8. Unit4 - V4 - Introduction to Stress Testing
9. Unit4 - V5 - Stress Testing and Analytical Tools
10. Unit4 - V6 - Stress Testing and Data Fitting
11. Unit4 - SMV4toV6 - Stress Testing and Distribution Fitting
12. Unit4 - V7 - Hands-on Stress Testing and Risk Modelling
13. Unit4 - Data File for Quiz 02 - Stress Testing and Risk Modeling
  FREE PREVIEW
14. Unit4 - Quiz 02 - Stress Testing and Risk Modelling
15. Unit4 - Saving Your Risk Simulation Model (Additional Resources)
  FREE PREVIEW
16. Unit4 - V8 - Test04 Instructions - Video
17. Unit4 - Data File for Test04 - Excel File
18. Unit4 - SMV7 - Test04 Support Material
19. Unit4- Test04 - Risk Profiles and Stress Testing - Comprehensive Evaluation
20. Unit 4- Test04 - Partial Model Solution
1. Unit5 - Welcome Video
  FREE PREVIEW
2. Unit5 - V1 - Final Review and Closing Remarks
3. Unit5 - V2 - Performing Due Diligence
4. Unit5 - SMV1toV2 - Final Review and Due Diligence
5. Unit5 - Test05 - Risk Quantification and Due Diligence
6. Unit5 - V3 - Test06 Video Instructions (Case Study) - Manufacturing Pricing and Cost Analysis
7. Unit5 - Data File for Test06 - Excel File
8. Unit5 - SMV3 for Test06 - Applications and Case Study in Pricing and Cost Analysis
9. Unit5- Test06 - Applications - Quantitative Risk Management in Pricing and Cost Analysis
10. Unit 5- Test06 - Partial Model Solution
11. Unit5 - V4 - Test07 Video Instructions (Case Study) - Financial Performance and Business Forecasting
  FREE PREVIEW
12. Unit5 - Data File for Test07 - Excel File
13. Unit5 - SMV4 for Test07 - Applications and Case Study in Business Forecasting
14. Unit5- Test07 - Applications - Quantitative Risk Management and Business Forecasting
15. Unit 5- Test07 - Partial Model Solution
16. Unit5 - Video Closure
17. General Survey | Online Training Course

About this course

£647.00
119 lessons
9.5 hours of video content

Bonus material

Enhancing risk management and quantitative methods to make informed decisions

Bonus material

Excel files with all examples and solutions to start applying quantitative risk management.
Lifetime Access

Lifetime access to videos, pdf files, models, and support material (it does not include software).
Bonus material

At the end of the course, the instructor will provide an online MasterClass considering integrated applications in risk quantification and decision support.

By the end of this course, you will:

Learn how to implement a risk management approach into business analysis
Introduce risk quantification practices to make informed decisions using Monte Carlo Risk Simulations and Decision
Understand business risk models (financial and non-financial), you can identify and quantify risks and shape relevant skills for any successful risk management professional
Enhance new technological skills using the Risk Simulator Software and managerial skills solving Case Studies (part of the course materials)

Know your Instructor

Dr Elvis Hernandez-Perdomo (PhD in Fin. | PhD in EngSc.)

👨‍⚖️Executive Director of OSL Risk Management (UK). Senior Executive Consultant/Trainer at Real Options Valuations and OSL Consulting Engineers leading international projects across Europe, America and Africa, with over nineteen years of professional experience in risk management, decision analytics, ERM, project management, and real options for energy and oil and gas companies, Banks and Insurance, and SMEs.

👨‍🎓 PhD in Finance (University of Hull), PhD in Engineering Science, MSc in Statistics and Operational Research, MSc in Finance, and BS in Economics.

👨‍🏫 Senior Executive Trainer for Certified in Quantitative Risk Management (CQRM Accreditation) at the International Institute of Professional Education and Research (IIPER) and Energy Institute.

Testimonials

Quantitative Risk Management in the Energy Industry

“Quantitative risk management is key for companies right now in terms of risk and uncertainty. IIPER certified training programs are supported by dedicated lecturers, well explored topics. and solid theoretical foundation.”

“Quantitative Risk Management is central to business survival and growth, and it is becoming more and more a relevant for corporate governance practices.”

“Quantitative Risk Management enhances Enterprise Risk Management (ERM) implementations, everything should support business continuity and corporate performance”

"Diversify and Find Opportunities to Growth - Put a Plan into Action"