Risk Manager Certification

This Risk Manager certification is attributed to professionals who have the unique expertise and competency in assessing, identifying and controlling risks. Risk Manager certification is designed to deliver a deep, practical understanding of operational risk management frameworks and measurement methodologies. It is a solution to operations management’s increasing growth, complexity and diversity.

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Certified Risk Manager

VarSigma recognizes an individual’s expertise in building a risk management framework for organizational operations and projects. The workshop provides participants with techniques and tools that will help them to address any associated risks they are likely to encounter while managing any project and running business as usual. We attribute the certification to professionals who have the unique expertise and competency in assessing, identifying and controlling risks.

Risk Manager workshop is designed to deliver a deep, practical understanding of operational risk management frameworks and measurement methodologies. It is a solution to operations management’s increasing growth, complexity and diversity.

This practical workshop explores the best practice in operational risk management, at all stages: from assessment to implementation. You will gain tools to manage risk and to create environment where this function is perceived as a value added proposition increasing profitability and structural strength of an organisation.

What should we expect from VarSigma?

There are numerous reasons, let’s list a few

  • International Recognition– VarSigma certifications are globally recognized and highly sought after by potential employers. VarSigma discovers learning that will exceed your expectation and help you advance to next level leadership. Our certifications are recognized as a mark of quality excellence across industries

    • The pedagogy has been designed by Dr. Shantanu Kumar, making it the most sought after workshop and certification
    • VarSigma course content, coverage and certification is by far the most rigorous and exhaustive across all public offered programs
    • VarSigma has certified professionals across industries, functions and countries, and therefore the recognition and acceptance unparalleled.
  • Alumni network for placement support –  25,000+ professionals trained across the world, 7500+ Senior professionals trained, 300,000 + Linkedin followers and presence across the world.
  • Extraordinary Facilitators – Our facilitators have a minimum of 15 years of consulting and extensive training experience. All the facilitators undergo a rigorous ‘Train the trainer’ workshop by Dr. Shantanu Kumar.
  • Project and Career Guidance–  Regular webinars and expert moderated forum provide the necessary support for completing improvement initiatives and understanding the next steps for career progression. Your success is a testimonial for VarSigma.
  • Classroom learning with online support – Our sessions are conducted in person, along with webinars and online sessions to facilitate conceptual learning. Blending the best of both worlds

Training Duration

  • Participants will attend a minimum 27 hours of facilitator led classroom training for Risk Management
  • Participants will also have access to another 18 hours of E-learning modules
  • Total Learning Duration available to a participant  is 45 hours

Training Package

  • Risk Management Book of Knowledge
  • E – Preparatory module
  • Analysis data files and templates
  • Free Excel based software for statistical analysis
  • Access to numerous case studies
  • Access to  e-books on Risk management
  • Access to practice projects
  • 200 Practice Questions
  • Certified Risk Manager  Exam Fee
  • Refreshment and lunch on classroom training days (only applicable for traditional classroom)
  • Project Completion certificate
  • Free membership to project support forum
  • Periodic webinars for continual learning
  • 27 PDUs for PMI credential renewal

For comprehensive workshop and certification information, Please email us at info@varsigma.com

Trainer/Facilitator

  • VarSigma facilitators have a minimum of 15 years of consulting experience, and have conducted 100s of workshops. Our consultants have international experience in leading improvement initiatives and providing breakthrough solutions. Please review the management profile
  • Program Director – Dr. Shantanu Kumar is an accomplished author, educator and visionary. He has been a prominent business strategy consultant for Fortune 500 organisations. He has trained over 15,000 professionals in US, UK, Singapore, Malaysia, India, Saudi Arabia
  • Please connect with the Program Director—  Dr. Shantanu Kumar

Certification Exam

  • Each certification candidate is required to pass a written examination that consists of multiple choice questions measuring comprehension of the Body of Knowledge. The Certified Risk Manager examination is a 2-hour, 100 multiple-choice question examination. It is only offered in English.

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Internationally Standardized Curriculum

Varsigma has a standardized body of knowledge for all programs comparable to ASQ, Exemplar, PMI body of knowledge. The body of knowledge is reviewed periodically and updated to include new tools, techniques and application of technology.

  • Definition of Risks
  • Risk Breakdown Structure and Risk Categories
  • Risk Management Processes
    • Plan Risk Management
    • Identify Risks
    • Qualitative Risk Analysis
    • Quantitative Risk Analysis
    • Risk Response Plans
    • Monitor and Control Risks
  • Creating a Risk Management Plan (RMP)
  • Analyzing contents of a model RMP & applying a standard template to create your RMP
  • Identifying project and operational risk
  • Creating mind map to analyze cause and effect relationship
  • Developing a Risk Register
  • Analyzing contents of a model Risk Register
  • Applying a proven template to create your Risk Register
  • Analyzing risks through qualitative measures
  • Performing probability and impact analyses of identified
  • Fault Tree Analysis
  • Failure Modes and Effect Analysis
  • Advanced applications of qualitative analysis
  • Prioritizing analysis results
  • Quantifying effects of risk events on the project
  • Determining probability of achieving cost and time objectives
  • Identifying trends in quantitative analysis
  • Risk Priority Number
  • Expected Monetary Value
  • Three-point estimates
  • Probability distributions
  • Delphi Technique
  • Monte Carlo Simulation
  • Implementing risk response strategies
  • Threats: Accept, Avoid, Transfer and Mitigate
  • Opportunities: Exploit, Share, Enhance
  • Quantifying residual risks and secondary responses
  • Creating contingency plans
  • Determining the worst case scenario
  • Recalculating confidence levels
  • Finalizing risk budget
  • Identifying emerging risks
  • Matching identified risk with controls including Risk Audit, Variance Reports, Reserve Analysis
  • Anticipating risk events through risk triggers
  • Measuring risk using earned value analysis (EVA)
  • Ensuring effective change control
  • Developing a reliable change request process
  • Identify potential factors
    • Sources of Waste – Process Mapping, VA/NVA Analysis
    • Sources of Risks – Failure modes and effects analysis
    • Sources of Variation Qualitative Screening using Affinity diagram, Fishbone
  • Exploratory Analysis usings Graphical plot
    • Pareto Plots
    • Histogram
    • Box Plot
    • Scatter Plots
  • Data Visualisation using PowerBI
  • Inferential Statistical Analysis
    • Hypothesis testing for normally distributed data
      • F– test, t test, ANOVA, Bartlett test
    • Hypothesis testing for non-normally distributed data – Non-Parametric Tests
      • 1 -sign test, 1- Wilcoxon,  Mann-Whitney, Kruskal Wallis, Moods Median, Friedman’s test
    • Hypothesis tests for discrete data
      • Chi-square test, 2-proportion test
  • Predictive Statistical Analysis
    • Correlation – Determine linear association of 2 variables
    • Simple Linear Regression – Predicting a response variable with 1 factor
    • Multiple Regression – Predicting a response variable with multiple factors
    • Logistic Regression – Predicting discrete response variables
  • Generate solutions
    • Ideation techniques
    • Benchmarking Approaches
    • Process Modelling – Discrete event simulation
    • Experimental Trials
      • Design of Experiments – Full Factorial, Fractional Factorial, General Full Factorial
    • Lean Approaches for Kaizens
      • Muda – Waste Reduction – Pull Systems, Kanban, 5S, Standard Work
      • Muri – Flow improvement- Continuous Flow, Set up time reduction (SMED), Load Levelling
      • Mura – Burden management –  Poka Yoke, Jidoka
    • Robotic Process Automation
      • Rule versus Cognitive Automation
  • Evaluate Solution
    • Comparison matrix – Pugh Matrix
    • Solution Risk Analysis
    • Consensus Building
      • Nominal group technique
      • Multi Voting
      • Delphi
    • Mock Trials and Simulation
      • Monte-Carlo Simulation
    • Pilot and Proof of Concept
  • Full Scale Implementation plan
    • Project plan for implementation
    • Validate Improvement
  • Implement Control System
    • Document Revision
    • Process Control Document
    • Audit and Inspection plans
    • Business Continuity Planning
  • Risk Management Framework
    • Inductive Risk Reasoning
    • Deductive Risk Reasoning
  • Statistical Process Control
    • Control Charts for Attribute Data
    • Control Charts for Continuous Data
    • Nelson test for special cause detection
  • Total Productive Maintenance
  • Retrospective Review
    • Lessons learnt
    • Replication opportunities
  • Executive Summary
    • Project Journey
    • Cost Benefit report
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September 24 - October 5

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October 10 - October 18

What do our participants say?

To write anything about how knowledgeable Dr. Shantanu Kumar is will be an understatement. Frankly, I had joined the six sigma green belt workshop to add an extra line in my resume. But, what I learnt from the workshop was way beyond my expectations. Starting from the videos of farming practices in Israel to the automatic inventory system of amazon, the workshop impacted my rusted brain! The workshop helped me to look things differently. Even in highly standardized engineering projects, I was able to identify the issues and could come up with the solutions. I developed a tool which helped the management to easily tackle larger projects and effectively manage the training hours which in turn meant saving hundreds of euro. For me, workshop was not about learning minitab. It was to apply the learning in my area of job, to increase productivity, identify the errors and improve the quality of my work.
Thank you Shantanu for inspiring and motivating to see a broader picture!
Linkedin Testimonials- Saheba Arora, Sr. Executive Engineer at Siemens Energy and Automations, Siemens Energy and Automations

“Just amazing” is the word comes to my mind, when i think about Dr. Shantanu! His approach, his strong control over concepts makes him stand apart from others. I gained in-depth knowledge for practical use of six sigma methodology supported with examples from him during his training program i attended.
Not just knowledge the delivery system, time management is extraordinary. Exemplary! very well organised and in true sense “Six Sigma” planned & delivered program!
Linkedin Testimonials- Shaveta Alwadi, AVP – Business Process Mapping & Business Intelligence, MIPS
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You can learn more about the content, certification and its applicability by reviewing these links

Brief Overview of VarSigma’s Training Pedagogy

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Please email us at info@varsigma.com and we will guide you through the enrollment process.

Global recognition of the program ensures the certification that you receive is accepted internationally.
The certificate kit includes
1. Certificate of Successful Completion
2. Letter from VarSigma CEO stating the curriculum that was covered, examination process and certification procedure.
3. Reference check form that you can share with your employer

Yes, the examination fee is included. If you are unable to pass the certification examination in the first attempt, you can take the exam again. The first re-examination attempt is free.
Yes, all statistical exercises will be carried out on Minitab. Participants usually spend 8-12 hours on Minitab related exercises during the workshop. We will provide the trial version of the software on the first day of the workshop.

36 hours classroom training, Hard copy of Green Belt Book of Knowledge, Preparatory module, Analysis data files and templates, 19 completed case studies, 10 e-books on Lean Six Sigma related content. 2 Simulation projects, 2 Sample question papers, Lean Six Sigma Green Belt Exam Fee, Refreshment and lunch on training days.

This workshop will be facilitated by Dr. Shantanu Kumar. We don’t use services of freelance consultants as it affects the quality and consistency of the training workshop. We believe in conducting few however effective workshops with lasting impact. Dr. Shantanu Kumar has trained over 10000 participants on Lean Six Sigma, Innovation, Risk Management and Data Analytics.

LSSGB training is suitable for middle to senior managers, Engineers, MBAs, Operations Managers, Quality Managers and professionals who want to apply the methodologies and quality control process within an organization.

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Examination Policy

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Refunds and Cancellation

Upcoming Workshops

Lean Expert – Online

September 24 - October 5

Lean Six Sigma Green Belt (online)

October 10 - October 18

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PROGRAMME DIRECTOR

Dr. Shantanu Kumar
Dr. Shantanu KumarProgramme Director

Dr. Shantanu Kumar has influenced and transformed the path organisations tread on for process improvement, innovation and change management. A prominent author, speaker, and business consultant, Dr. Kumar is universally characterized by his friends, colleagues, and clients as one of the most insightful, humble, influential and recommended strategy consultants and is respected for his years of research in the fields of process improvement, business intelligence and innovation.

His experience has enabled most Fortune 500 companies across industries to improve operations efficiency, re-engineer obsolete and dying processes, reinvigorate business strategies and turn around failing businesses. He has trained and consulted on innovation using TRIZ, lean six sigma, program & project management, business process re-engineering, strategic leadership and managing change. He has trained more than 10000 professionals on lean six sigma, innovation, structured decision making and business process re-engineering across industries and touched many more lives in other leadership workshops. He uses his diverse life experiences to deliver workshops of seemingly complex concepts in easy to understand stories. His storytelling ability and humor keeps participants glued to their seats and his focus on applicability at work ensure tangible returns.

He holds a bachelor’s degree in commerce and statistics, master’s degree in applied math and statistics, MBA in operations management and a Phd-business intelligence scholar. His expertise includes master black belt six sigma, ISO lead auditor and project management. He has published research papers and continues to research on statistical application of neural networks in decision making, artificial intelligence in decision making models, financial risk management using decision trees classification model, multivariate statistics in marketing and operation research. He is a guest faculty at multiple business schools and continues to mentor business leaders realise their potential.

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