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

Get Started Now

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.

Course Curriculum

Analytical Tools for Sustainable Organizations

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

    2. MasterClass in Quantitative Risk Management and Business Simulations

    3. Additional Material for the MasterClass - Case Study and Practical Application

    1. Course Syllabus and Policy

    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. User Manual - Risk Simulator - Industry Version

    19. Unit0 - Risk Management Technical Information (Additional Resources)

      FREE PREVIEW

    20. 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

    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)

    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

About this course

  • £497.00
  • 120 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 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.

Sign In Now

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

More Online Executive Programs Coming soon!

Subscribe to our mailing list to get the latest updates.

Thank You