Certified Project Risk Manager

A Certified Project Risk Manager ™ is an experienced risk manager who has earned the accredited gold-standard Certified Project Risk Manager credential from The Global Academy of Finance and Management ®.  This credential is a senior-level certification and is only offered to individuals with several years of experience in enterprise risk management, project risk management, or operational risk management. The Certified Project Risk Manager ™ certification program is designed to deliver a deep, practical understanding of risk management framework, processes and measurement methodologies for the successful execution and implementation of risk management processes.   

Certified Project Risk Manager Responsibilities

• Provide a methodology to identify and analyze the financial impact of loss to the organization as a result of inefficient enterprise risk management.
• Examine the use of realistic and cost-effective methods to identify project risk.
• Identify and prioritize risk in a project
• Capture risks and record them in a project risk register
• Allocate budgets for liabilities and contingencies.
• Monitor and control risks, and assess the impact of risk to project budgets.
• Provides risk management reporting to project sponsor and senior management.

Risk is an Important Function of Project Management

Risk management is basically an approach in which we explore identify, analyze and mitigate the risks that can affect our project. Risk management is an important part of project management which if done efficiently leads to the success of your project. Risk management is an action plan that consists of various steps that are done to ensure the removal of risk. If you are dealing with uncontrollable risk then you may set an action plan that can minimize the effect of these risks as you cannot fully get rid of such risks.

Risk management is done by risk managers who are well aware of all the risks associated with any particular business or project and different ways to mitigate them. As this is the age of multitasking, various organizations also expect project managers to be risk managers as well. In fact, large numbers of project management institutions are offering risk management courses for project managers. The courses not only help you to know the types and nature of project risks but also various techniques used to deal with these risks. The risk mitigation technique to be used depends on the nature of project risk faced by your team so you must be very careful in developing an action plan for fighting against risks.