Institute of 

Risk Management

       
       
      Student Funding

      What is the Organisational Risk Practitioner Qualification? 

      • Full Course name - Occupational Certificate: Organisational Risk Practitioner 

      • SAQA 94222   |  NQF LEVEL 6  |  125 Credits

      • QCTO Accredited | C urriculum Code | 242208002

      • Assessment Quality Partner - The Institute of Risk Management South Africa ( IRMSA )

      • Cost: R38 500 (tuition & study resourses) excluding IRMSA Board Course & Exam Fees

      • 2 Intakes: March (for the June (next year) Board exam)  & September (for the Nov (next year) Board exam)

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        Purpose of The Organisational Risk Practitioner Qualification 

        The purpose of this qualification is to prepare a learner to be able to manage risk management plans in support of an organisation’s risk framework, which is generally the responsibility of Risk Officers. The Risk Practitioners assist the Risk Officers by undertaking or facilitating activities related to the implementation of the plans for managing risk in an organisation.

        The CRM Prac Designation is designed for individuals who seek to gain specialised background and expertise in risk management. The certification validates that the individual possesses a foundation level knowledge and experience to implement and manage an organisation’s risk management programme under supervision.

        EXIT LEVEL OUTCOMES 
        On completion of this program learners will be able to: 

        • Implement the framework for managing risk in the business unit

        • Create and sustain risk management partnerships

        • Establish the internal and external risk context

        • Assess risk in order to produce and update a risk profile for a business unit

        • Prepare and facilitate risk treatment plans for a business unit

        • Monitor, review and improve risk management activities and processes.

        PROGRAM OUTLINE:

        The following modules and outcomes form part of this qualification:

        • 4 Knowledge Modules (28 credits)

        • 6 Practical Skills Modules (28 credits)

        • 6 Work Experience Modules (69 credits)


         Total: 125 Credits (see bottom of the page for detailed program outline)

        Rationale & Benefits

        This Occupational Certificate: Organisational Risk Practitioner (NQF 6) is an entry level qualification to provide sufficient knowledge and understanding in order to contribute towards supporting the functions carried out by Risk Officers.

        What do risk management professionals gain from completing this IRMSA Certification?

        • Career enhancement and development 

        • Professional status- Independent recognition of professional status by South African Qualifications Authority (SAQA) 

        •  Recognition as an expert in the field 

        • Credibility and competitive advantage setting you apart from your peers 

        •  Domestic and Global Opportunities

        Who is it for?

        The profile of learners who can access this qualification is quite varied. It includes learners who are:

        • Higher Institution graduates, typically with risk or equivalent qualifications

        • Practitioners currently operating in the risk management field

        Who Can Register?

        NQF LEVEL 4 -   National Senior Certificate (NSC) or a Senior Certificate, with endorsement for diploma studies or a National Certificate (Vocational) at NQF Level 4.

        Ask yourself the following important questions before applying:

        • Do I meet at least 70% of the logbook requirements? 

        • Do I meet the number of years required in Risk Management? 

        • Do I have the relevant qualification or requisite years of experience to get the CRM Prac Designation? 

        • Am I an IRMSA Associate member? 

        It is assumed that the learners who attend this program:

        It is assumed that the learners who attend this program:

        • Will have at least an educational level of grade 12 with Mathematics and Communication level 5

        • Have at least two year’s relevant risk management work experience

        • Are employed in a risk practitioner environment and role

        • Have computer and general office skills

        International Comparability

        The qualifications being developed for Risk Management has been benchmarked against the following international risk management related Institutions:

        • The Institute of Risk Management (IRM) in the UK (IRM UK)

        • The Professional Risk Managers' International Association (PRMIA)

        The Risk Practitioner and Officer  qualifications compare favourably with the  international institutions in terms of content, and  surpases the internationa l counterparts in terms of the practical skill and work experience modules.

        Here Are Some Organisations Where CRM PRAC And PROFs Are Employed:

         

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        What Do Employers Gain By Motivating Their Risk Management Professionals To Take The Certification?

        • Demonstrates that risk management is important and is taken seriously in your organisation. 

        • Lends credibility to your organisation. 

        • Provides confidence that your risk management teams are appropriately qualified, experienced and competent.


        METHODOLOGY

        Programme Duration: 12 Months (see the 2024 course timetable here)

        2 Intakes per Year: March & September

        Training Program Strategy:

        The training strategy that will apply to this program will be a combination of:

        1. Contact sessions combined with self-study to address the knowledge and practical skills components of the curriculum.

        2. A structured work experience program at the site of an approved workplace to address the work experience component of the curriculum.

        Internal Assessment:

        CharterQuest will conduct internal assessments by means of knowledge and practical assessment activities. 

        Work Experience:

        During the 10-month program, the learner obtains work experience relevant to the required work experience module in the curriculum. The employer is responsible to ensure that work experience must be assessed by a Registered Assessor. 

        Statement of Results (SOR): 

        Upon successful completion of all four modules, CharterQuest issues a Statement of Results to the candidate based on the Knowledge, Practical and Work Experience. This SOR will give the candidate access to the qualifying assessment. 

        External Assessment:

        On completion of the program, the candidate must apply to the Institute of Risk Management South Africa (IRMSA) for the External Integrated Summative Assessment (EISA). 

        Certification:

        Upon successful completion of the External Summative Assessment, IRMSA will recommend candidates to the Quality Council for Trades and Occupations (QCTO) for certification

          Risk Managers who have this designation will be able to assist businesses to better understand the multiple risks they face in a holistic and comprehensive manner, as well as provide assistance and guidance in providing effective risk management capability in their organisation.


          2024 Detailed Timetable

          Classes Start: Intake 2 Start:  16 August for Nov. 2025 Board Exam

          Knowledge Module (28 credits): Block 1 - 4

          1. Introduction to Risk Management
          		 Block release 1
          		 Fridays 
          8am - 5 pm          		 26th January
          Internal Assessment within 1 week
          2. Risk Management Framework: Strategy and Policy
          		 Block release 2
          		 Fridays 
          8am - 5pm
          		 2nd February
          9th February 
          16th February
          23rd February
          Internal Assessment within 2 weeks
          3. Risk Management Framework: Processes
          		 Block release 3
          		 Fridays 
          8am - 5pm
          		 1st March
          8th March 
          15th March 
          22nd March
          29th March
          Internal Assessment within 2 weeks
          4. Risk Management Enablers
          		 Block release 4
          		 Fridays 
          8am - 5pm
          		 5th April
          12th April
          19th April
          26th April
          Internal Assessment within 2 weeks

          R38, 500 For Classes (Jan to July). Fees include study materials but exclude exam fees to IRMSA.
          Get Student Funding through our partnerships with Capitec Education Finance & Standard Bank.  Learn more

          Practical Skills Module (28 credits): Block 5 - 8


          1. Implement the framework for managing risk
          2. Create and Sustain Risk Management Partnerships
          		 Block release 5
          		 Fridays 
          8am - 5pm          		 10 May
          3. Establish the Internal and External Risk Context
          4. Assessment of risk
          		 Block release 6
          		 Fridays 
          8am - 5pm
          		 14 June
          5. Prepare and Facilitate Risk Treatment Plans for a Business Unit
          6. Monitor, Review and Improve Risk Management Activities and Processes
          		 Block release 7
          		 Fridays 
          8am - 5pm
          		 05 July

          Work Experience Module (69 credits): By Employer


          1. Contribute to the implementation of the risk management framework for managing risk in the business unit
          		 Facilitated between learner and employer.
          2. Create and Sustain Risk Management Partnerships
          		 Facilitated between learner and employer.
          3. Establish the Internal and External Risk Context
          		 Facilitated between learner and employer.
          4. Assessment of risk
          		 Facilitated between learner and employer.
          5. Prepare and Facilitate Risk Treatment Plans for a Business Unit
          		 Facilitated between learner and employer.
          6. Monitor, Review and Improve Risk Management Activities and Processes In order to qualify for the external integrated summative assessment, learners must provide proof of successful completion of all required modules by means of statement of results and work experience.
          		 Facilitated between learner and employer.

          • The course ends in July. 

          • Candidates submit POE by the end of August. SOR by September End. 

          • Candidates Prepare for the IRMSA Board 1 Exams November 30th, 2024

          Certified Risk Management Practitioner (CRM Prac) designation by enrolling for the Board Exam I.

          Student Funding

              Payment Options & Student Funding: 

              • 60% Upfront Fee to get started and the balance paid over 4 months directly with CQ!

              • Get Student Funding through our partnerships with Capitec Education Finance & Standard Bank. Learn more


                 
                 

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