ACPM: Risk Management
The program of the course ‘ACPM: Risk Management’ is aimed at mastering the principles of identifying, classifying, and documenting risks, applying qualitative and quantitative assessment methods, and building risk maps. Participants will learn to design and justify effective response strategies, develop practical response plans, and integrate risk management into strategic and operational processes. The course also covers monitoring frameworks, maturity assessment, and the use of digital tools and AI for forecasting, antifraud, and effective communication of risks across organisations.
The Course is Designed to:
- Auditors aiming to transition into risk management.
- Financial specialists seeking a systematic RM approach instead of ad-hoc reactions.
- Managers running companies without structured planning who want proactive tools.
- Risk managers who know the processes but lack methods to embed RM culture in operations.
Requirements for candidates
Completing the certification program does not require specific education or experience, but basic knowledge of management, economics, and finance will be an advantage.
Terms of study
9
hours
Auditorium hours
11
hours
Hours for self-study
20
hours
Total course duration
Training program
Introduction to Risk Management and Its Role in Modern Business
Lessons
- Concept of risk: definition, classification, and components
- Importance of risk management culture in an organisation
- The role of risk management in strategic management
- International risk management standards (ISO 31000, COSO) and their application
Identification and Classification of Risks
Lessons
- Types of risks: external and internal (operational, financial, legal, cyber, reputational, etc.)
- Risk identification methods: environmental analysis, expert evaluations, SWOT, checklists
- Risk documentation: risk register
Risk Assessment and Prioritisation
Lessons
- Qualitative risk analysis: probability and impact scales
- Quantitative risk analysis: expected monetary value (EMV) method, sensitivity analysis, bow-tie method, Ishikawa diagram
- Decision tree analysis and scenario approach
- Developing a risk map and ranking by criticality
- Practical task: creation of a risk map and case study analysis
Development of Risk Response Strategies
Lessons
- Risk Response Planning: risk management strategies — avoidance, reduction (mitigation), transfer, acceptance
- Development of response plans for key risks
- Assigning responsibilities and resources using the RACI matrix
- Practical task: creation of a risk response plan for a selected case, modelling possible scenarios
Implementation of a Risk Management System in a Company
.Lessons
- Architecture of the risk management system in business processes
- Integration of risk management into the company’s strategy
- KPI and Risk Tracking Methodology (RTM)
- Organisation of risk monitoring and control processes
- Practical task: development of a structure for implementing risk management
Risk Management Technologies and Tools
Lessons
- Overview of modern IT solutions for risk management
- Use of automation and AI in risk detection and control
- Detection of anomalies and fraud using antifraud systems
- Practical task: analysis of market tools
Developing a Risk Management Culture in a Company
Lessons
- Organising seminars and workshops on risk issues
- Communicating risk management results to colleagues and top management
- Critical analysis of the effectiveness of implemented measures
- Methods for assessing effectiveness: After Action Review, Root Cause Analysis, Gap Analysis, Lessons Learned Review
- Audit & Evaluation: KPI-based assessment, Post-Mortem analysis, Self-Assessment, feedback
- Strategies for improving the maturity of the risk management system
- Practical task: conducting an internal training (simulation) and preparing a risk management status report for the organisation
Final Test
TRAINING FORMAT AND METHODS
Remote learning, recorded video lessons posted on the LMS platform.
Practical classes and analysis of real situations from the industry
Register for a courseSkills after completing the program
Hard skills
- Identification and classification of risks (external and internal) using various methods (SWOT, checklists, expert evaluations).
- Working with international risk management standards (ISO 31000, COSO) and applying them in practice.
- Documenting risks in the form of a risk register and developing a risk map.
- Conducting qualitative and quantitative risk analysis (EMV, sensitivity analysis, bow-tie method, Ishikawa diagram).
- Developing risk response plans and assigning responsible parties using the RACI matrix.
- Applying scenario analysis methods and decision tree analysis.
- Understanding how to use modern IT solutions and antifraud systems for risk detection and control.
- Assessing the effectiveness of the risk management system (Post-Mortem, Root Cause Analysis, Gap Analysis, KPI).
Soft skills
- System thinking and strategic vision in the context of risk management.
- Analytical thinking and the ability to work with complex information.
- Decision-making in conditions of uncertainty.
- Communication of risk analysis results to colleagues and senior management.
- Teamwork skills and coordination of responsible parties.
- Critical thinking and evaluation of the effectiveness of implemented measures.
Exam and certificate
The official ACPM exam is held monthly on a scheduled basis, online. Pre-registration is required to participate in the exam. The list of required documents and the exam registration form are available in the e-learning system.
The exam consists of 20 multiple-choice questions. The exam lasts 2 hours.
Passing score: 60.
The ACPM International Certificate exam is administered by administrators using a proctoring system (monitoring the student and their computer screen). Completed tasks are checked and evaluated by ACPM-accredited teachers.
Exam results are communicated to candidates by email 2 weeks after the exam. The international ACPM certificate is sent to the same email address within 2 months from the date of the results announcement in electronic form if the candidate scored 60 or more points.
More about ACPM certificatesPROVIDER INFORMATION
Financial Academy “Aktiv”
Financial Academy Aktiv is a Ukrainian company specializing in financial education and advanced training for financial professionals and top managers. We offer both individual and corporate training. Our academy is an accredited educational partner of international professional organizations ACCA, CIMA, and ACPM. We help specialists not only enhance their practical skills but also prepare for international diploma and certification exams. Additionally, we support the career development of our graduates.
Contacts
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