Professors & Instructors Industry Session IND 015

1. Professors & InstructorsIndustry SessionIND 015 CERM Certified Entreprise-wide Risk Manager Based on ISO31000/ONR49000

2. Speaker Information: • Professor Jean-Paul Louisot, MBA, ARM, FIRM • Anc. Université Paris 1 Panthéon/Sorbonne • Institut Catholique de Lille • Institut International d’Assurance (Cameroon) • Dean of Curriculum CARM_Institute

3. What to Expect • After attending this session, you should : • Recognize the need for RM competencies for part-time RM practitioners or risk owners in medium size enterprises • Understand the role that ONR 49000/ISO31000 can play in this process • Understand the examination and assessment process in ONR 49000 • Evaluate the inclusion of the designation to produce additional value for the enterprise and for your university curriculum

4. PROCUREMENT RISK MANAGEMENT • Is fast becoming a major issue for board members and executives whether the enterprise is large or small • Global economic players need to be assured that their suppliers and subcontractors manage their risk optimally. • Medium size companies cannot afford full time Risk managers; however more and more recognize that they need to appoint a member of their leadership to take charge of RM

5. DIRECTORS & OFFICERS IN CHARGE OF RM • Need to gain formal education for RM that most have never had • Need an Internationally recognized certification to reassure their stakeholders • Want an efficient program that delivers both practical competencies and a certification

6. The ONR 49000 OFFERS • A risk management for organizations and system based on the ISO 31000 framework. • A certification granted by the Swiss Certification Agency. • A certification already required for RM in Switzerland and Austria. • A compact program developed in a 150 pages book available in German, English and French.

7. ONR 49000 PROFESSIONAL DESIGNATION • Requires the student to show a practical “hands on” command of risk Management through: • PART 1 – A 3 hours proctored Exam combining objective and essay questions to demonstrate competency in implementing the ISO 31000 standard with a 70% pass score. • PART 2 – A Case Risk Assessment consisting in developing a risk assessment for an existing organization, an activity or a process within an organization. (to be completed within 2 months of passing part 1)

8. A coaching program based on ONR 49000 • CARM_Institute has designed: • An eight-day program to lead to the certification, split into four two-day residential seminars each one month apart. • Friday & Saturday classes to take less time off work. • Small group for peer interaction and to ensure implementation is started before the end of the program. • Other program combinations are possible

9. CARM_Institute ONR 49000 program • First Seminar • Day 1 – The risk management process and fundamental concepts • Managing uncertainty • Understanding ISO 31000 – Principles/Framework/Risk Management Process • Risk Management objectives • Day 2 – Risk Assessment – CARMIN Method • Exposure space • Risk Centers Methods • Exposure Matrix/Risk Map/Heat Map

10. CARM_Institute ONR 49000 program • Second Seminar • Day 3 – Risk Assessment Methods • Creativity Techniques (Brainstorming, Delphi Method, Scenarios Analysis) • Causes & consequences Diagrams (root cause analysis, fishbone diagram, butterfly diagram, and Ishikawa diagram) • Breakdown and event trees • Indicators Analysis (Critical Incident Reporting System – CIRS –; Change based risk management – CBRM –) • Functional Analysis (Failure mode and Effect Analysis – FMEA –, Hazard Analysis ; Hazard and operability study – HAZOP –; Hazard analysis and critical control points – HACCP –) • Statistical Analysis (Standard deviation ; Confidence Interval - value @ risk; Monte Carlo Simulation)

11. CARM_Institute ONR 49000 program • Second Seminar • Day 4 – Risk Management – risk treatment – reduction & financing • The main tools for risk reduction • Avoidance/Suppression • Prevention/Protection • Segregation • Contractual Transfer for risk control • The main tools for risk financing • Pre- loss financing versus Post- loss financing • Retention/Transfer/Hybrids

12. CARM_Institute ONR 49000 program • Third Seminar • Day 5 – Managing disturbances – continuity • Responding to the levels of disturbances in a system • Business Continuity Planning • Day 6 – Managing disturbances – crisis • Crisis Management

13. CARM_Institute ONR 49000 program • Fourth Seminar • Day 7 – Integrating Risk Management into the Management System • Risk & Strategy • Optimizing risk taking (risk appetite & risk tolerance) • The risk manager – missions & competencies • Practical exercise – designing a risk register for each participant • Day 8 – Implementation & Exam • Practical exercise – designing a risk register for each participant (continued) • ONR Exam – Part 1 - Proctored • Synthesis & evaluation

14. FOR ACADEMIC INSTITUTIONS • The program can be adapted to fit each university curriculum and: • The examination process can be adapted to conform to your online or classroom proctored examination procedures. • Classes can be opened to students from different tracks e.g. finance, marketing, or general business. • Thus, even before graduation, students can demonstrate RM competencies to prospective employers and others through a recognized international certification.

15. About the CARM_Institute • For twenty years CARM_Institute, a non-for profit limited company, has developed and offered a “French Connection” for the ARM professional designation, adapting and deepening the American program so that it has become the reference for risk management professional in the Francophone world. • More than 1500 full time risk managers have completed the program consisting of 36 full day residential seminars in France, Switzerland, the Maghreb and French Speaking Africa.

16. Questions, Final Comments and Contact Information Professor Jean-Paul Louisot, MBA, ARM, FIRM Dean of Curriculum CARM_Institute Tel France – 011 33 6 07 22 36 65 Tel USA – 1 215 888 68 96 jpl@carmin.org