Modern Organisations have now to operate in global business environment fraught with exponentially increasing volatility and complexity. There are risks regardless of whatever path and activities are pursued. The key question is: "How can I make confidently major strategic and operational decisions in a way that optimize the balance between opportunity and risk?” To answer that question, you will need to build a risk mapping and profiling model that relates clearly organizational performance with risk management.
Hence, the essential purpose of the CRA™ program is to equip participants with the methodologies and tools necessary to conduct comprehensive assessment and mapping of risks profiles in projects and organisations. The program aims to develop highly effective risk decision-makers able to identify, analyze and manage Risks and Opportunities to ensure optimal level performance level for their organizations.
The CRA™ Program is conducted by the Asia Risk Management Institute (ARiMI), the leading Professional Development Institute in Enterprise Risk Management in Asia.
CRA™ is your passport to mastering the Risk Assessment and Decision-making process!
The aim of the program is to develop the capabilities to resolve their organization risk management challenge. Consequently, CRA™ gives participants:
Objective 1: Gain an integrated, cross-disciplinary understanding (from Strategy, Finance to Psychology) of the key risk assessment concepts, issues, methodologies, tools and best practices.
Objective 2: Build a stronger Risks Assessement process that make threats and opportunities (including "Black Swans") more visible and measurable so that they can be analysed effectively.
Objective 3: Develop a practical knowledge of effective risk analysis and mapping tools (quantitative & qualitative), as well as the analytical ability to turn data into information to support effective decision-making.
Objective 4: Improve corporate planning & decision-making by promoting the allocation of scarce resources to the relevant risk/opportunities issues highlighted through the application of appropriate Risk methodologies & tools.
To allow participants to integrate our program into their work schedule, the CRA™ Program takes place in 2 modular periods (approximately separated by 4 to 5 weeks). Each period on site is either 1 or 3 days.
Busy professionals who are not based in Singapore only need to make 2 trips to Singapore.
The program is targeted at executives to managers from all industry sectors and functions who are concerned with the challenge of identifying and understanding the risks they face in their business and work environment.
For those who are concerned with the challenge of making important decisions in an uncertain environment and who need to understand how risk will influence their ability to deliver positive results and be successful in their organizations, the CPRM™ Program will be more appropriate.
The following groups of people will find the CRA™ program particularly beneficial:
Both you and your organization will benefit from the CRA™ Program.
Prospective CRA™ applicants should:
Your application will only be considered when the Program Application Form is duly completed. Upon review, you will be informed by email whether your application has been accepted or not.
The CRA™ Program consists of 4 workshop modules and provides a comprehensive and structured learning path, both in scope and depth, covering:
|The Essentials of Enterprise Risk Management
|• RLM1||Risk-Taking & Value Creation Management in Organizations - Principles, Theory & Practices||1 day|
|• RLM2||Business Ethics, Social Responsibility & Corporate Value Sustainability||1 day|
|The Key Steps of the Risk Assessment Process|
|• REM1||Risk Assessment & Corporate/Project Value Profile Diagnostic||1 day|
|• REM2||Risk Learning, Communication & Decision Making||1 day|
The 4 workshop modules are spread over 2 months. This modular structure of the program allows participants coming from all over Asia to balance work and study at the same time. The physical time on site represents 4 days as follows:
To obtain the Certification, participants are required to pass successfully the required Assessment to qualify for accreditation purposes (more information in Section: Program Assessment).
Assessment is necessary to ensure the quality of the graduates by reviewing the candidate's ability to meet the requirements of the professional certification.
Upon completion of the program's requirements for the workshop modules, assignments and examination, candidates will be awarded:
The CRA™ program is a powerful learning experience, but it is only 1 step in your professional development journey.
You can further pursue the Certified Professional Risk Manager (ARiMI-CPRM™) Designation:
The CRA™ course content already covers 50% of the CPRM™ course curriculum. Hence, it eases your way to complete successfully the program's assessments, should you wish to continue your development (and aspiration) as a RISK MANAGEMENT PROFESSIONAL or LEADER.
Check out the TESTIMONIALS and hear what our graduates say about our programs and what they have learnt through the experience.
For more information about the progression from CRA™ to CPRM™, please contact us simply by using the Contact Us form.
We have 2 intakes scheduled in 2016 in Singapore. Busy professionals will be able find an intake that suits their work schedules, thus allowing them to plan ahead.
Those who are not based in Singapore only need to make 2 trips to Singapore.
Courses and dates are correct at the time of publishing.
Participants are fully responsible for all travel arrangements, accommodation and associated costs.
Participants are to register for the intake whereby they are able to complete all 4 modules and sit for the exam in the intake they have registered for, as postponement of any module or exam will not be allowed.
|(4 required modules in a total of 4 days)||Course Fee
(w.e.f. 1 Jan 15)
|Course Fees||SGD 3,585.00|
Note: The above-mentioned activites and items are subject to change
Companies can claim 400% tax deductions or 60% cash payout of total training expenditure under the Productivity and Innovation Credit (PIC) Scheme. Terms and Conditions apply. For more information, please check out IRAS website:
We have discounts/grants for the program. Check below to see the type of discounts available, which you may be eligible to apply. Please also note that discounts are not applicable to examination fees.
Participants are expected to come from a wide range of industry bringing a wealth of perspectives on critical Risk Management issues in the classroom. Take this opportunity to build your network with a peers group of risk professionals from a wide range of industries and learn from direct industry experience in managing Risks.
Corporate support is an important factor to the success of the participants within the ARiMI programs. As such, formal corporate endorsement is welcome for the application submitted by candidates and will allow the organization to generate more value from the CRA™ Program.
Should your organization wish to work more closely with us to ensure that your employees reap the maximum benefits of the program, simply contact us.
How you learn is as important as What you learn
The basis of the CRA™ is a strong problem-solving approach and has been specifically designed for busy professionals. We know that square pegs don't fit into round holes! That people with different background and experiences react and learn differently.
Hence, the program follows a UNIQUE experiential learning format and real-life business case studies that ensures you can build on your professional experience to quickly apply the new knowledge and skills acquired in your workplace to resolve your professional challenges.
Our Learning Principles are as follows:
Many professionals returning to "school" have images of one-way lectures and learning as "memorisation". Our programs are (a lot) different, they follow a workshop format. Our Faculty offer their deep expertise, but this is done with active participation and debates.
In fact, at ARiMI we don't use the word "student" - we use "participant" as the people joining the program are established professionals with already a lot of work experience. One role of the faculty is to tap such experience and to encourage active debate and exchange of ideas, opinions and best practices to foster collective learning while maintaining at all time a respectful and constructive learning environment.
Management Education is all about bridging the GAP between theory and practice. This is particularly true in our programs where our learning methods emphasize practical problem-solving learning, yet grounded in solid theory.
During the workshop, learning is stimulated through case studies, role plays and debates, where we aim to reconcile the unique features of a case or organization’s particular issue with the more generalizable concepts uncovered in theoretical researches.
As we want to ensure that participants DO build the necessary practical knowledge and skills, all course modules are conducted using a unique workshop format that fosters interaction, knowledge sharing and experiential learning.
It involves a balanced mix of fundamental lectures with effective supporting materials; interactive case presentations & debates; group discussions and sharing of experience; problem-solving exercises including computer aided workshops; action learning with case simulations with 'role plays'.
With Learning, the results you get are proportionate to the efforts you put in. Hence, we strongly encourage our CRA™ participants to "own" their learning. This means that they are prepared for workshops and contribute actively to their own learning and the learning of others.
Certainly, a significant amount of learning occurs by listening to other participants and being involved in active dialogue. Our Programs provides such opportunities.
Risk Management learning doesn’t stop when the program is completed. In fact, it is just the start of a life-long learning process. In a world where the only constant is change, it is essential for executives to keep on learning in order to stay ahead of the change 'curve'. And it is actually a requirement for our graduates to practise and continue to learn in order to keep their knowledge and skills up todate.
For example, every year our alumni expected to do something to demonstrate their professional expertise. It might be to return to campus to take new workshops. Or attend Risk Management conferences. It could also be to write an article on some important risk management issues. In any case, our alumni association will provide opportunities for ongoing exchange. The learning should never stop.
The ARiMI CRA™ Program has been designed with busy working professionals in mind. Thanks to the modular approach, it gives participants the flexibility to learn and work effectively at the same time.
Participants who are not based in Singapore can easliy attend all the 4 Workshop Modules, and sit for the onsite examination by making just 2 trips to Singapore.
For this program, you will learn from ARiMI very experienced Faculty. Participants will have the advantage of learning from leading Experts in the field of risk management who have practical experience through their advisory and consulting work and through interaction with executives in a variety of higher education programs. Our Trainers are highly credentialed practitioners, scholars, skilled educators, groundbreaking researchers, and entrepreneurs. They will bring to the participants a wealth of knowledge and experience that will be very useful in the work of the participants. For more information click on the name of the faculty below:
Dr Er Jwee Ping,