About CRISP

The Certified Risk Strategy Professional (CRISP) certification equips participants with advanced skills to manage risks and formulate effective strategies in today’s volatile and uncertain business environment. The program is aligned with global standards, including ISO 31000 and COSO ERM, making it relevant for professionals aiming to enhance their decision-making capabilities.

The CRISP program is ideal for board members, directors, middle managers, and professionals seeking expertise in enterprise risk management, strategy formulation and execution, and leadership in risk-sensitive environments. This course is ideal for internal teams to gain practical skills in critical governance effectiveness areas.

Key Domains of CRISP Certification

The CRISP program covers six core domains:

1. Enterprise Risk Management (ERM) Principles and Frameworks
2. Strategic Risk Identification and Assessment
3. Organizational Design and Risk Architecture
4. Strategy Formulation and Execution
5. Crisis and Reputation Management
6. Leadership in Risk Strategy and Stakeholder Engagement

Key Domains of CRISP Certification

The CRISP program covers six core domains:

1. Enterprise Risk Management (ERM) Principles and Frameworks
2. Strategic Risk Identification and Assessment
3. Organizational Design and Risk Architecture
4. Strategy Formulation and Execution
5. Crisis and Reputation Management
6. Leadership in Risk Strategy and Stakeholder Engagement

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Experience Requirements

To enroll in the CRISP program, candidates must meet the following prerequisites:

1. Educational Background: Hold a university degree from an accredited institution.
2. Professional Experience: Possess a minimum of two years of work experience, preferably in managerial or supervisory roles, although this is not mandatory.
3. Current Employment: Provide proof of current employment as the program emphasizes practical application.

Accreditation and Value of the Course

The CRISP certification aligns with globally recognized risk management and strategy standards, ensuring its credibility and relevance. This is a hands-on course, emphasizing practical skills that can be directly applied to organizational challenges.

Graduates of the CRISP program will stand out as strategic thinkers capable of making informed decisions, improving organizational resilience, and driving sustainable competitive advantage.

Flexible Class Schedules

The CRISP certification offers flexible class schedules to accommodate various professional needs:

1. One-week Boot Camp

Monday to Friday, full-day sessions from 9:00 am to 5:00 pm.

1. Evening Classes

One month, held on Tuesdays, Wednesdays, and Thursdays from 6:00 pm to 8:30 pm.

1. Weekend Classes

One month, Saturdays only, full-day sessions from 9:00 am to 5:00 pm.

1. Online Classes

Includes study materials and access to an online learning portal for a fee of $2,500.

CRISP Examination Information

The CRISP examination assesses participants’ ability to apply their knowledge in real-world scenarios.

1. Exam Duration: 3 hours
2. Number of Questions: 80 (multiple-choice and scenario-based questions)
3. Passing Grade: 75%
4. Language Availability: English
5. Testing Centers: Authorized centers or online proctoring

CRISP Examination Weights by Domain

The examination is structured around the six core domains with the following weight distribution:

CRISP Course Overview

Module 1: Enterprise Risk Management (ERM) Principles

This module introduces the foundational principles of enterprise risk management and its integration with organizational objectives.

Topic 1.1: Overview of ERM Frameworks

1. Introduction to ISO 31000 and COSO ERM.
2. Understanding risk appetite, tolerance, and thresholds.
3. Linking ERM to corporate strategy.
4. Designing an effective ERM Framework covering policies and procedures for effective enterprise risk management

Topic 1.2: Risk Identification Techniques

1. Utilizing tools like SWOT, PESTEL, and Delphi methods.
2. Differentiating internal and external risks.
3. Categorizing strategic, operational, and financial risks.

Topic 1.3: Risk Assessment and Prioritization

1. Quantitative and qualitative risk assessment methods, as defined in ISO 31010 Risk assessment techniques
2. Developing risk matrices and heat maps.
3. Identifying high-priority risks for action.

Topic 1.4: Risk Mitigation and Response Planning

1. Designing mitigation strategies and controls.
2. Balancing risk mitigation with business opportunities.
3. Creating effective risk response plans.

Topic 1.5: Monitoring and Reporting Risk

1. Implementing key risk indicators (KRIs).
2. Utilizing dashboards for real-time risk monitoring.
3. Reporting risks to stakeholders effectively.
4. Risk automation tools

Module 2: Strategic Risk Identification and Assessment

This module focuses on identifying and analyzing risks affecting organizational strategy.

Topic 2.1: Environmental Scanning

1. Conducting PESTEL and competitive analysis.
2. Identifying macroeconomic risks and opportunities.
3. Leveraging big data for strategic insights.

Topic 2.2: Industry and Market Risk Analysis

1. Assessing competitive pressures using Porter’s Five Forces.
2. Evaluating supply chain vulnerabilities.
3. Identifying emerging trends and disruptive technologies.

Topic 2.3: Financial Risk Assessment

1. Assessing credit, market, and liquidity risks.
2. Evaluating currency exchange and inflation impacts.
3. Understanding risk return trade-offs.

Topic 2.4: Operational Risk Evaluation

1. Identifying risks in processes, systems, and people.
2. Assessing risks in IT, cybersecurity, and business continuity.
3. Conducting failure mode and effect analysis (FMEA).

Topic 2.5: Strategic Risk Mapping

1. Mapping risks to strategic objectives.
2. Aligning mitigation strategies with business goals.
3. Scenario analysis and stress testing.
4. Reverse engineering – strategy hypothesis testing and analysis

Module 3: Organizational Design and Risk Architecture

Explores how organizational structures and systems support effective risk management.

Topic 3.1: Building a Risk-Aware Culture

1. Promoting organizational awareness and accountability.
2. Designing risk training and capacity-building programs.
3. Integrating risk into performance management.

Topic 3.2: Governance and Risk Oversight

1. Defining roles and responsibilities in risk governance.
2. Establishing risk committees and escalation protocols.
3. Aligning risk governance with corporate governance.

Topic 3.3: Technology in Risk Management

1. Leveraging IT tools for risk tracking and analytics.
2. Evaluating enterprise risk management software (ERM platforms).
3. Incorporating AI and machine learning for predictive analysis.

Topic 3.4: Risk Architecture Design

1. Structuring risk management functions within the organization.
2. Developing frameworks for decentralized and centralized risk.
3. Implementing systems for integrated risk management.
4. Risk department scorecard and responsibility accounting

Topic 3.5: Organizational Resilience

1. Designing adaptive structures for dynamic environments.
2. Developing resilience against economic shocks and crises.
3. Embedding agility in organizational processes.

Module 4: Strategy Formulation and Execution

Covers strategic planning, formulation, and execution in risk-sensitive environments.

Topic 4.1: Strategic Planning Frameworks

1. Introduction to Balanced Scorecard, OKRs, and KPIs.
2. Incorporating risk into long-term strategic planning.
3. Aligning strategic initiatives with organizational vision.
4. Conventional traditional strategic planning vs Modern Planning Approaches – Blue Ocean Strategy, Balanced Scorecard, Playing To Win, Competitive Strategies, Value Curve, etc.
5. Revenue modeling and Resource diversification strategies
6. IT strategy alignment to the corporate strategy
7. Relationship between Risk Management, Innovation and Sustainable Growth

Topic 4.2: Scenario and Contingency Planning

1. Developing contingency plans for high-impact risks.
2. Using scenario analysis for strategic decisions.
3. Planning for uncertainty in volatile environments.

Topic 4.3: Strategy Execution Challenges

1. Overcoming barriers to strategy implementation.
2. Monitoring execution progress with KPIs.
3. Managing change and aligning teams with strategy.

Topic 4.4: Performance Measurement

1. Defining metrics for strategy success.
2. Linking performance to risk management outcomes.
3. Conducting periodic strategy reviews and adjustments.
4. Effective monitoring and evaluation framework management

Topic 4.5: Strategic Leadership

1. Developing leadership competencies for strategy.
2. Leading cross-functional teams in strategy execution.
3. Building consensus among stakeholders.

Module 5: Crisis and Reputation Management

Focuses on managing crises and safeguarding organizational reputation.

Topic 5.1: Crisis Management Planning

1. Developing comprehensive crisis management frameworks.
2. Identifying triggers and early warning signs of crises.
3. Conducting crisis simulations and readiness drills.

Topic 5.2: Communication During Crises

1. Crafting effective internal and external communication plans.
2. Managing media and stakeholder expectations.
3. Ensuring transparency and accountability.

Topic 5.3: Reputation Risk Management

1. Identifying risks to organizational reputation.
2. Protecting brand value during adverse events.
3. Managing social media and public perception.

Topic 5.4: Post-Crisis Recovery

1. Developing recovery and restoration strategies.
2. Conducting post-crisis reviews and lessons learned.
3. Reinforcing trust among stakeholders.

Topic 5.5: Ethical Considerations in Crises

1. Balancing ethical dilemmas with organizational priorities.
2. Maintaining integrity under pressure.
3. Aligning crisis actions with organizational values.

Module 6: Leadership in Risk Strategy and Stakeholder Engagement

This module focuses on leadership and stakeholder management in risk strategies.

Topic 6.1: Risk Leadership Principles

1. Developing a risk-oriented leadership mindset.
2. Balancing risk aversion with risk-taking.
3. Empowering teams to make informed decisions.

Topic 6.2: Stakeholder mapping and engagement

1. Identifying key internal and external stakeholders.
2. Developing strategies for stakeholder engagement and optimization.
3. Managing conflicting stakeholder expectations
4. Designing effective stakeholder engagement and management scorecard

Topic 6.3: Corporate Social Investment (CSI or CSR) and Risk

1. Integrating CSI into risk strategies using CSI/ CSR Scorecard aligned with UN SDGs
2. Managing environmental, social, and governance (ESG) risks.
3. Building and sustaining corporate social capital.

Topic 6.4: Leading Risk Initiatives

1. Planning and leading organization-wide risk initiatives.
2. Coordinating cross-departmental risk strategies.
3. Ensuring alignment with business objectives.

Topic 6.5: Decision-Making Under Uncertainty

1. Using decision frameworks for ambiguous situations.
2. Leveraging data and intuition for complex decisions.
3. Avoiding cognitive biases in strategic decisions.

Module 7: Advanced Analytical Tools for Risk Management

Provides technical skills and tools for data-driven risk management.

Topic 7.1: Quantitative Risk Analysis

1. Conducting Monte Carlo simulations.
2. Using probability distributions for risk evaluation.
3. Developing decision trees and risk scenarios.

Topic 7.2: Data Analytics in Risk Management

1. Leveraging data visualization tools.
2. Analyzing historical trends for predictive insights.
3. Integrating big data in risk analysis.

Topic 7.3: Financial Risk Modeling

1. Creating models for credit, market, and operational risks.
2. Performing sensitivity and scenario testing.
3. Building models for portfolio risk management.

Topic 7.4: Emerging Technologies in Risk

1. Applying blockchain for risk transparency.
2. Leveraging AI for risk prediction and mitigation.
3. Assessing cybersecurity risks in digital transformations.

Topic 7.5: Tools for Collaboration

1. Using collaborative platforms for risk management.
2. Managing distributed risk teams effectively.
3. Enabling real-time updates on risk frameworks.

Module 8: Capstone and Practical Application

A hands-on module where participants apply their knowledge to real-world scenarios.

Topic 8.1: Case Studies in Risk Management

1. Solving industry-specific risk challenges.
2. Analyzing successful and failed risk strategies.

Topic 8.2: Simulation Exercises

1. Engaging in real-time crisis simulations.
2. Developing and presenting mitigation strategies.

Topic 8.3: Final Risk Assessment Project

1. Conducting a comprehensive risk audit for an organization.
2. Presenting findings and recommendations to a panel.
3. Documeting a risk management framework for board approval and implementation

Topic 8.4: Peer Reviews and Feedback

1. Collaborating with peers on capstone projects.
2. Providing constructive feedback and insights.

Topic 8.5: Certification Exam

1. Comprehensive assessment covering all course modules.
2. Testing practical and theoretical knowledge.

Key Features of CRISP Certification

1. Benchmarked to international standards in risk and strategy management.
2. Covers all aspects of enterprise risk management and strategy.
3. Real-world scenarios and hands-on exercises ensure immediate applicability.
4. Prepares participants for leadership roles in risk-sensitive environments.
5. Boot camps, evenings, and online classes cater to diverse professional needs.

Click here to register for the course