Institute of Qualified Risk Managers

Ever wondered how the Oil demand is Forecasted? Dr Kaase Gbakon PhD will be our guest speaker on IQRM Live events. Hosted by Rami Salem QRMCert. He will explore with us how oil prices can be forecasted using time series methods. Join our webinar to learn more about forecasting using time series methods. This webinar is sponsored by Institute of Qualified Risk Managers

I'm thrilled to share that I've completed " Certified Risk Manager (CRM)"certification course. This achievement wouldn't have been possible without the invaluable guidance and support of Rami Salem QRMCert. and Institute of Qualified Risk Managers. This course taught me about the confidence of project success in risk appetite (P50, P80 ..) using Monte-Carlo simulation. I learned about the true mean of Quantitative risk analysis (Schedule and Cost), as well as the principles underlying simulation and distribution (PDF, CDF, and RDF).

I am happy to share that I have successfully completed the "Qualified Risk Manager (QRM)" certification! Rami Salem QRMCert. and Institute of Qualified Risk Managers have done an amazing job with this course. The course was very practical and absolutely relevant for my industry which is oil & gas. It covered risk management, quantitative risk analysis for project schedule and project cost, Monte Carlo simulation and more. #RiskManagement #RiskAnalysis #QuantitativeRiskAnalysis #MonteCarloSimulation #ProjectRisk

Converting from Qualitative to Quantitative is Hard. But it doesn’t have to be. Quantitative Risk Assessment may be difficult subject. But it can be easily simplified and standardized. All what you need is a procedure to follow; Risk model templates to fill; Reports to analyze and discuss; Risk aware decisions to take. This can be provided by a Framework. Specifically IQRM quantitative Framework. That can convert Risks in your Enterprise Projects Cybersecurity Registers From Qualitative to Quantitative with ease. If you are a Risk Manager, CISO, Project Control Manager and want a transformation from Qualitative to Quantitative Risk Assessment. Comment or DM me “Interested” ♦️ Let’s me show you the easiest way to do it. Institute of Qualified Risk Managers #IQRM_clinic

It's been a while since I completed the 𝐐𝐮𝐚𝐥𝐢𝐟𝐢𝐞𝐝 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 training, but I wanted to share that it's one of the best courses I've ever attended. While I've participated in numerous trainings focused on theory (the "#What"), this course stood out as the most practical one, emphasizing the "#How" of risk management. I'd like to extend my sincere thanks to Rami Salem QRMCert. for his excellent facilitation and for the invaluable post-course support, advice, and knowledge sharing. The truth is, although I've attended many risk management training courses, I've never encountered one that provided as much added value as this QRM course. For the first time, I received the practical application I was seeking, perfectly balanced with a solid theoretical foundation. Some key takeaways include: • Learning 𝑴𝒐𝒏𝒕𝒆-𝑪𝒂𝒓𝒍𝒐 𝑺𝒊𝒎𝒖𝒍𝒂𝒕𝒊𝒐𝒏 & Performing projrct 𝑸𝒖𝒂𝒏𝒕𝒊𝒕𝒂𝒕𝒊𝒗𝒆 𝑪𝒐𝒔𝒕 𝑹𝒊𝒔𝒌 𝑨𝒏𝒂𝒍𝒚𝒔𝒊𝒔 (𝑸𝑪𝑹𝑨)  • Mastering Risk Workshop facilitation (an essential skill for any Risk Manager) If you're looking to enhance your risk management skills with a focus on practical application, I highly recommend this course. It's truly been a game-changer for my professional development in the field of risk management. Institute of Qualified Risk Managers #ProjectManagement #RiskManagement #SuccessMindset #QuantitativeCostRiskAnalysis #ProactivePlanning #ContinuousImprovement #KarimRagab 💡

Contingency X Factor. It is optimized not maximized. In other words. If you are contractor and you increased the contingency. You may lose the bid. If you put too little, you win the bid. But you overrun your budget. So contingency must be optimized. That can be done using Monte-carlo simulation. By doing 2 things. 1- You assess you Background uncertainties: - Accuracies in your estimate - Biases in your estimate 2- Then Quantify your Risk Register. In terms of Probability of occurrence. Impact of occurrence Combining both in single model. You will be able to assess The optimum Contingency Regarding your risk tolerance. Doing Quantitative Cost Risk Assessment Is Part of the QRM Course that starts 1st of June. If you want to master all aspects of Quantitative Risk Assessment. DM me or Comment "Join" 🔶 I will send you the details.

Do your Organization hire 3rd Party consultants To do Risk Management Activities? Activities like schedule risk assessment , Risk facilitation