Deirdre Lawlor | IRM Client Relationship Manager

The Institute of Risk Management continues supporting our members and risk management professionals worldwide, in terms of skills, expertise, knowledge sharing and professional development.

“Fundamentals of Quantitative Risk Quantification and Business Simulations” - Applications for the Financial and Non-Financial 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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Technical and analytical skills to support business decisions

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.

  • 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 7709 9808 or at training@theirm.org

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Course Curriculum

Analytical Tools for Sustainable Organizations

  • 01

    OSL Analytics Academy - Risk Management & Business Simulations

    • Invitation and Welcome to OSL Analytics Academy (IRM & IIPER)

    • MasterClass in Quantitative Risk Management and Business Simulations

    • Additional Material for the MasterClass - Case Study and Practical Application
  • 02

    UNIT 0 - Getting Started

    • Course Syllabus and Policy

    • 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

    • User Manual - Risk Simulator - Industry Version

    • 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 Testing

    • Unit4 - Welcome Video

    • 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)

    • 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 Analytics

  • 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 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 Institute of Risk Management.

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Testimonials

Quantitative Risk Management in Complex Environments

“Excellent topics! Risk Management makes us human. To manage risk we need to be able to measure uncertainty and transform our mitigation plans in short- and long-term strategies”

Governance, Risk and Compliance | Senior Consultant

David Blake

“The depth of case studies and insightful examples were important to apply the concepts learned. Solid theoretical foundations supported by software capabilities.”

Statistician - Data Scientist

Alexis Bolivar

“I was able to develop my quantitative risk management skills to help the business. It was useful to use case studies and learn how we can apply quantitative expertise in the real world.”

Enterprise Risk Consultant

Aataullah Naser

IRM | Fundamentals in Quantitative Risk Management

IRM | FQRM Reviews

Maria Palaiokariti

5 star rating

“Great Training to be ready for quantification of risk management. Feel more confident for real case studies analysis. You understand the value for decision makers/ management.”

“Great Training to be ready for quantification of risk management. Feel more confident for real case studies analysis. You understand the value for decision makers/ management.”

→Read Less

Ivan Alvarado

5 star rating

“I am getting so many answers to so many questions I have been asking myself in my career. The material is great. Very satisfied.”

“I am getting so many answers to so many questions I have been asking myself in my career. The material is great. Very satisfied.”

→Read Less

Mohamed Osman Abdelseed

5 star rating

“Really, it has rich support material and a professional instructor. The Course will help us a lot in risk assessment and decision making for company Top Management. The QRA is not about software, it is about how to challenge our models and interpr...”

→Read More

“Really, it has rich support material and a professional instructor. The Course will help us a lot in risk assessment and decision making for company Top Management. The QRA is not about software, it is about how to challenge our models and interprete the results.”

→Read Less

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