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International Institute of Professional Education and Research (IIPER) TM

 

 

Certified in Risk Management (CRM)

Certified in Management of Tourism (CMT)

 

Certified in Risk Management (CRM) TM

 

   2006 Schedule

    March 21-24, 2006 in Kansas City
    April 11-14, 2006 in San Francisco
    May 23-26, 2006 in Mexico City
    June 13-16, 2006 in New York City

    July 17-21, 2006 in Singapore

    Aug 22-25, 2006 in San Francisco

    Sep 19-22, 2006 in Hong Kong

    Oct 17-20, 2006 in Mexico City

    Nov 7-10, 2006 in San Francisco

    Nov 27-30, 2006 in Nigeria (Port Harcourt)

 

The Certified in Risk Management (CRM) program is an innovative lecture and hands-on 4-day seminar targeted at analysts and managers in corporations who require practical risk analysis and risk management knowledge. In a world where risk abounds and the regulatory environment is risk-adverse, and where economic and market environments are highly volatile, risk management is critical in making optimal business decisions. Real Options Valuation, Inc. is the global preferred provider for the IIPER and has been granted the worldwide exclusive rights to teach CRM certification courses. Upon completion of the 4-day seminar and the successful completion of a live test administered on the last day, participants will be granted the CRM designation. Courses are held worldwide and year-round. Please check the Real Options Valuation's website for the latest schedules and course locations.

So, how do our seminars compare to others? Surprisingly, our 4-day training seminars are lower in price than other so-called simulation courses, and at the completion of the training, you will receive your CRM certification, something that other firms cannot provide. In addition, the training will be conducted by the exclusive CRM-designated trainer, Dr. Johnathan Mun, founder and CEO of Real Options Valuation, Inc.; a professor; a world-renowned expert on risk analysis; author of 7 books on the topics of risk, valuation, and strategy; as well as the developer of our Risk Simulator and Real Options SLS software. Compare that to being trained by a fresh college graduate with less than two years of experience at other firms or a general MBA with insufficient grounding in the theory application of risk analysis. You will not only learn the practical applications of risk analysis, but also the theoretical underpinnings of these applications. Our philosophy of the CRM is not to make you a world-famous expert on risk or know everything that there is to know about risk, but to make you an informed user. One who can ask the right questions and even perform some of the analysis. All analytical training in class will be software based, using Risk Simulator and Real Options SLS software.

The main benefits of our CRM program include:

The prerequisite for the CRM program is a minimum of a Bachelor's degree or its equivalent and 2 years of experience in financial analysis. Knowledge of basic Excel modeling is a plus but not required.

CRM Seminar Curriculum and Details

MODULE 1: Introduction to Risk Analysis
Chapter 1: Introduction to the Training and what to expect
Chapter 2: How Are Business Decisions Made?
Chapter 3: What is Risk and Why Should Risk be Considered?

Chapter 4: Overview of Risk Analysis Software Applications

MODULE 2: Monte Carlo Simulation with Risk Simulator
Chapter 1: Overview of Risk Simulator Software
Chapter 2: Profiling, Assumptions, Forecasts and Running Simulations
Chapter 3: Interpreting the Forecast Statistics
Chapter 4: Simulation Run Preferences and Seed Values
Chapter 5: Running Reports, Saving and Extracting Simulation Data

MODULE 3: Advanced Simulation Techniques
Chapter 1: Correlating and Truncating Distributions
Chapter 2: Alternate Parameters
Chapter 3: Multidimensional Simulations
Chapter 4: Distributional Fitting
Chapter 5: Due Diligence and Pitfalls in Simulation

MODULE 4: Simulation and Analytical Tools
Chapter 1: Static Tornado and Spider Charts
Chapter 2: Dynamic Sensitivity Analysis
Chapter 3: Hypothesis Test on Different Distributions
Chapter 4: Nonparametric Bootstrap Simulation

MODULE 5: Forecasting
Chapter 1: Overview of Forecasting Techniques and Data Types
Chapter 2: Forecasting Without Data
Chapter 3: Time-Series Analysis Forecasting
Chapter 4: Nonlinear Extrapolation
Chapter 5: Multivariate Regression Analysis
Chapter 6: Stochastic Processes
Chapter 7: Box-Jenkins ARIMA

MODULE 6: Real Options Analysis: Theory and Background
Chapter 1: Introduction to Real Options: What, Where, Who, When, How, and Why?
Chapter 2: Sample Applied Business Cases
Chapter 3: Overview of Different Options Valuation Techniques: Comparison between financial and real options
Chapter 4: Risk-Neutral Probability Technique
Chapter 5: Solving a Basic European and American Call Option
Chapter 6: Using Microsoft Excel to Solve a Basic European and American Call Option
Chapter 7: Solving Basic Abandonment, Expansion, Contraction, and Chooser Options

MODULE 7: Real Options Analysis: Application with SLS Software
Chapter 1: Overview of the Different SLS Modules and Volatility Estimates
Chapter 2: Volatility Estimates
Chapter 3: Solving Options with Changing Inputs and Customized Exotic Options
Chapter 4: MSLS: Multiple Sequential Compound Options
Chapter 5: MNLS: Solving Mean-Reverting, Jump-Diffusion, and Dual-Asset Rainbow Options using Trinomial, Quadranomial, and Pentanomial Lattices
Chapter 6: Framing Real Options—Structuring the Problem
Chapter 7: The Next Steps…

MODULE 8: Optimization with Risk Simulator
Chapter 1: Introduction to Optimization
Chapter 2: Continuous Optimization
Chapter 3: Integer Optimization
 

FREQUENTLY ASKED QUESTIONS (FAQ)

 

1. How much does the program cost? The program plus CRM certification costs $2,995 per person. This price includes all the relevant training materials, training for 4 days, and the CRM certification costs. Unfortunately, there are no price discounts when purchased in quantity or with software as the costs are used to cover the CRM/IIPER fees. Discounts are available on the software when purchased with the training. Please contact us for more information at admin@realoptionsvaluation.com. 

 

2.  How are the materials covered comparable to the 2-day Risk Analysis or 2-day Real Options Analysis courses? In fact, the materials covered are exactly the same. Participants can attend the first 2 days or the last two days of the risk analysis or real options segments, or attend all 4 days and qualify for the CRM certification.

 

3. What test do I have to take, its format and pass rate? The test is a 50-question multiple choice that covers the materials taught during the four days are is typically taken at the end of the course. Typically, participants who attend all 4 days have a very high pass rate, averaging at 90%, as compared to participants who only attend 2 days (for whatever reason), with a pass rate of only 30%. So, if you attend all 4 days diligently and perform all the tasks in class, you are virtually guaranteed to pass the final certification test.

 

4. Can I retake the test and how much does it cost? Yes, for individuals not successful in passing the test the first time, there is a retake opportunity, and it is free if taken within 14 days. Otherwise, a processing fee of $50 is assessed. You can retake the test for up to three times.

 

5. Can I get the CRM using the Training DVDs? No. Only live seminar participants can obtain the CRM as live instruction and a test are required for the designation. You may elect to do the Training DVD and obtain similar information and knowledge at a lower price, but you are not allowed to take the test or receive the designation.

 

Certified in Management of Tourism (CMT) TM

Amazing opportunities await you in the hospitality and tourism industry, which is one of the world’s largest industries with a gross output of over US $4 trillion, accounting for over 10% of the world’s gross domestic product. This area provides an amazing opportunity for career growth. Whether your career goal is to own and manage a small hotel or restaurant or to lead a multi-national corporation, opportunities are abundant in the hospitality and tourism industry. In our Certified in Tourism Management (CMT) program in Davos Switzerland, our mission is to enable you to take advantage of exciting career opportunities in the industry. The CMT can be considered a mini-MBA whereby participants will be engaged in real-life case studies and lectures on applied topics, in combination with the appropriate amounts of academic theory. It is by design that the CMT focuses on practical applications rather than theoretical rhetoric.

The main benefits of our CMT program include:

The prerequisite for the CMT program is a minimum of 3 years in the hospitality industry or in the process of completing a Bachelor's or Master's degree in a related field.

CMT Seminar Curriculum and Details

DAY 1: Leadership, Cross Cultural Competence, and Ethics in the Global Environment
Module 1: Leaders versus Managers

Module 2: Emotional Intelligence

Module 3: Ethics in a Global Environment

Module 4: Cross-Cultural Leadership and Competence

 

DAY 2: International Economics and Finance
Module 1: International Economics

Module 2: Financial Management

Module 3: Strategic Decision Analysis

Module 4: Economic Trends

 

DAY 3: Strategic Marketing and Market Positioning
Module 1: Marketing and Strategic Marketing

Module 2: Product Positioning

Module 3: Branding

Module 4: Marketing Case Studies

 

DAY 4: Human Resource Management and Customer Relationship Management
Module 1: Human Resource Theories

Module 2: Human Resource Management in the Tourism and Hospitality Industries

Module 3: Customer Relationship Management

Module 4: Balancing Customer Relationship Management with Yield Management

 

DAY 5: Capstone Seminar and CMT Exam
Module 1: Capstone Seminar

Module 2: 2 Hour CMT Examination

Faculty and Expertise

The faculty members assigned to teach these courses come from a variety of industry backgrounds with years of practical experience, and all of them hold advanced doctorate degrees. Most of our faculty members hold degrees from brand name universities from around the world, have written multiple books on the subject, and are experts in their own fields. In addition, the guest speakers for the capstone seminars are executives in the hospitality and tourism industry. A quick sample of our faulty members include:

Prof. Dr. Heinrich Bischoff, Executive MBA in Leadership and Ethics Program Director; Director of the Institute for Philosophy and Ethics, Fritz Allemann Foundation, Zurich; owner and CEO of BMC Briefing Inc., Briefing Management Center, Zurich. Consultant to leading corporations and businesses as well as public administration offices. Areas of specialization include Leadership and Management, Strategic Management, Marketing Management, Business Ethics, Team Leading, and Leadership through Communication. Master of Business Administration (MBA) from Harvard University, Graduate School of Business, Boston, MA, USA. Significant depth of experience as a consultant, lecturer, author, coach and trainer of top business leaders. Publisher and editor-in-chief of the journals Public Management and New Leadership.

Prof. Dr. Johnathan Mun, CEO of Real Options Valuation, Inc. a California company, and holds a professorship at the Swiss School of Tourism and University of Applied Sciences in Switzerland as well as a professorship at the U.S. Naval Postgraduate School. Dr. Mun holds multiple degrees from U.S. universities including a Ph.D. in finance and economics, an MBA, an MS in management science, and a BS in biophysics. He is also Certified in Risk Management, Certified in Tourism Management, Certified in Financial Consulting, and Certified in Financial Risk Management. He has done some postgraduate work both at Stanford University and Harvard University, and has authored 8 books on various subjects in risk management and decision analysis.

 

Prof. Kenneth P. English (Ing. Bio-med., Kellogg Executive Scholar); director of R&D Emerging Technologies, The Timken Company, Canton, Ohio, USA. Member of Advisory Board for Advanced Business Institute, IBM. Associate to the Board of Trustees, Rush Presbyterian St. Luke’s Medical Center, Chicago. Guest lecturer in Finance, Product Design and Development, Mergers and Acquisitions, Shaping Innovation Leadership, Strategies for Improving Directors’ Effectiveness, and Global Finance at MIT, Stanford University, Northwestern University, University of Michigan, and INSEAD, among others.

 

Contact e-mail: info@iiper.org