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

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 webtraining@energyinst.org

Contact Us

Course Curriculum

Investing in Professional Development to Enhance Effective Risk Management

  • 02

    UNIT0 - Getting Started

    • Course Syllabus and Policy

      FREE PREVIEW
    • Unit0 - V1 - Welcome and Getting Started

    • Unit0 - V2 - Welcome and Course Outline

    • QRM - Getting Started - Support Material Ebook (MOBI - EPUB -AZW3)

    • Unit0 - SMV1V2 - Vision and Learning Outcomes

    • Unit0 - Quiz 01 - Getting Started

    • Unit0 - V3 - Introduction-Risk-Uncertainty

    • Unit0 - V4 - Risk Management - Information Process

    • Unit0 - V5 - Risk Management - Business Models

    • Unit0 - V6 - Risk Management - Continuity Planning

    • Unit0 - SMV3toV6 - Uncertainty and Risk - Business Process, Models and Continuity

    • Unit0 - Quiz 02 - Overview of Risk Management

    • Unit0 - V7 - Quick Guide - Risk Simulator and Installation

    • RS - Risk Simulator Software (Download)

    • Unit0 - V8 - Risk Simulator - Excel 'Add-In' Instructions

    • Unit0 - SMV7V8 - Risk Simulator and Decision Analytics

    • Unit0 - Quiz 03 - Hands-on Risk Simulator

    • Unit0 - Risk Management Technical Information (Additional Resources)

      FREE PREVIEW
    • Unit0- Test00 - Uncertainty and Risk - Business Process, Models and Continuity - Comprehensive Evaluation

  • 03

    UNIT 1: Introduction to Risk Modelling and Risk Simulator

    • Unit1 - Welcome Video

      FREE PREVIEW
    • Unit1 - V1 - Statics Models and Scenarios Analysis - Part 1

    • Unit1 - V2 - Statics Models and Scenarios Analysis - Part 2

    • Unit1 - V3- Statics Models and Scenarios Analysis - Part 3

    • Unit1 - SMV1toV3 - Static Models and Scenario Analysis

    • Unit 1 - Excel File with Models and Data

    • Unit1 - Quiz 01 - Static Models and Scenario Analysis

    • Unit1 - V4 - Introduction to Probability

    • Unit1 - V5 - Probability Distribution Functions and Sampling

    • Unit1 - SMV4V5 - Probability Analysis and Key Definitions

    • Unit1 - Quiz 02 - Probability Analysis and Key Definitions

    • Unit1 - V6 - A Modelling Toolkit in Distributions Functions

    • Unit1 - V7 - Risk Modeling and Monte Carlo Simulations

    • Unit1 - V8 - Hands-on Monte Carlo Simulations with Risk Simulator

    • Unit1 - SMV6toV8 - Uncertainty Analysis and Risk Modelling

    • Unit1 - Quiz 03 - Uncertainty Analysis and Risk Modeling

    • Unit1 - Risk Management Technical Information (Additional Resources)

      FREE PREVIEW
    • Unit1 - Test Instructions - Video

      FREE PREVIEW
    • Unit1 - Test Instructions - Support Material

    • Unit1- Test01 - Risk Modelling and Risk Quantification - Comprehensive Evaluation

    • Unit 1- Test01 - Partial Model Solution

    • Unit1 - Conflict Management in Risk Quantification (Discussions)

    • Risk Simulator - Software Extension

  • 04

    UNIT 2: Risk Measurements and Data Analysis

  • 05

    UNIT 3: Correlation and Sensitivity Analysis

    • Unit3 - Welcome Video

      FREE PREVIEW
    • Unit3 - V1 - Introduction to Correlation Analysis

    • Unit3 - V2 - Correlation Impacts and Correlated Simulations

    • Unit3 -V3 - Hands-on Correlated Simulations

    • Unit3 - SMV1toV3 - Correlation Analysis and Correlated Simulations

    • Unit3 - Data File for Quiz 01 - Correlation Analysis

    • Unit3 - Quiz 01 - Correlation and Simulations Analysis

    • Unit3 - V4 - Tornado Analysis - Risk Identification (Critical Success Factors)

    • Unit3 - V5 - Sensitivity Analysis (Variability Contribution)

    • Unit3 - V6 - Hands-on Tornado and Sensitivity Analysis

    • Unit3 - SMV4toV6 - Tornado Analysis, Sensitivity Analysis and Risk Drivers

    • Unit3 -Quiz 02 - Tornado Analysis and Sensitivity Analysis

    • Unit3 - Static and Dynamic Sensitivity Analysis (Additional Resources)

      FREE PREVIEW
    • Unit3 - Data File for Test 03 - Excel File

    • Unit3 - V7 - Test03 Instructions - Video

    • Unit3 - SMV7 - Test03 Support Material

    • Unit3- Test03 - Correlation and Sensitivity Analysis - Comprehensive Evaluation

    • Unit 3- Test03 - Partial Model Solution

  • 06

    UNIT 4: Risk Profiles and Stress Test

    • Unit4 - Welcome Video

      FREE PREVIEW
    • Unit4 - V1 - Risk Profiles and Coefficient of Variation

    • Unit4 - V2 - Analytical Tools and Stochastic Dominance

    • Unit4 - V3 - Hands-on Risk Profiles and Stochastic Dominance

    • Unit4 - Data File for Quiz 01 - Risk Profiles and Stochastic Dominance

    • Unit4 - SMV1toV3 - Risk Profiles, Analytical Tools and Stochastic Dominance

    • Unit4 - Quiz 01 - Risk Profiles and Stochastic Dominance

    • Unit4 - V4 - Introduction to Stress Testing

    • Unit4 - V5 - Stress Testing and Analytical Tools

    • Unit4 - V6 - Stress Testing and Data Fitting

    • Unit4 - SMV4toV6 - Stress Testing and Distribution Fitting

    • Unit4 - V7 - Hands-on Stress Testing and Risk Modelling

    • Unit4 - Data File for Quiz 02 - Stress Testing and Risk Modeling

      FREE PREVIEW
    • Unit4 - Quiz 02 - Stress Testing and Risk Modelling

    • Unit4 - Saving Your Risk Simulation Model (Additional Resources)

      FREE PREVIEW
    • Unit4 - V8 - Test04 Instructions - Video

    • Unit4 - Data File for Test04 - Excel File

    • Unit4 - SMV7 - Test04 Support Material

    • Unit4- Test04 - Risk Profiles and Stress Testing - Comprehensive Evaluation

    • Unit 4- Test04 - Partial Model Solution

  • 07

    UNIT 5: Applied Case Studies

    • Unit5 - Welcome Video

      FREE PREVIEW
    • Unit5 - V1 - Final Review and Closing Remarks

    • Unit5 - V2 - Performing Due Diligence

    • Unit5 - SMV1toV2 - Final Review and Due Diligence

    • Unit5 - Test05 - Risk Quantification and Due Diligence

    • Unit5 - V3 - Test06 Video Instructions (Case Study) - Manufacturing Pricing and Cost Analysis

    • Unit5 - Data File for Test06 - Excel File

    • Unit5 - SMV3 for Test06 - Applications and Case Study in Pricing and Cost Analysis

    • Unit5- Test06 - Applications - Quantitative Risk Management in Pricing and Cost Analysis

    • Unit 5- Test06 - Partial Model Solution

    • Unit5 - V4 - Test07 Video Instructions (Case Study) - Financial Performance and Business Forecasting

      FREE PREVIEW
    • Unit5 - Data File for Test07 - Excel File

    • Unit5 - SMV4 for Test07 - Applications and Case Study in Business Forecasting

    • Unit5- Test07 - Applications - Quantitative Risk Management and Business Forecasting

    • Unit 5- Test07 - Partial Model Solution

    • Unit5 - Video Closure

    • General Survey | Online Training Course

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.”

Business and Management Consultant

Dr. Sooter Nomhwange

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

Managing Director

Frank Moxon

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

Enterprise Risk Specialist

Fahed Hasan

Energy Institute | Fundamentals in Quantitative Risk Management

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