Master Quantitative Risk Management with QRM Certification

Become a global leader in risk management and decision-making through our internationally recognized certifications
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Our Learning Track to get QRM Certification

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What our students says about QRM Certificate

This was one of the most interesting and practical Courses I’ve had!
Artur, Director of Internal Audit at Citibank
It linked very clearly, theory with practical examples in Decision Making in projects.
Karim G. Abdelkafy , Senior Risk Manager at WSP
It focus on important concepts in Risk Management.
Anita Brown ,
Corporate Manager for Project Risk across Bechtel Group of Companies


Our New Learning Track

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Stay up-to-date

Upcoming QRM Program Live Courses

Module 1: Foundation to QRA

Module 2: Building Risk Models Live Session

Module 3: Risk Aware Decision Support

Start your career in Quantitative Risk Management now!

Learn the from Basics of Quantitative Risk Assessment up to proficiency to master Quantitative Risk Aware Decisions

Check What our students say about our courses

Our students are from around the globe.
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Advance your career

Book you QRMCert. Exam

If you have completed all 3 Modules of QRM Program you can apply for the QRMCert. Exam.
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Success Story

Optimizing Shutdown Turnaround Time in an Oil & Gas Refinery

Client: Leading national oil company
Challenge: Highly constrained shutdown window with overlapping workstreams. Delays could lead to millions in daily losses.
Solution:

  • Conducted Schedule Risk Analysis (SRA) using Monte Carlo simulation.
  • Identified bottlenecks and optimized logistics.
  • Developed risk-aware strategies to mitigate potential delays.
    Result:
  • Increased the probability of meeting the schedule from 40% to 90%.
  • Saved an estimated $15 million by proactively managing risks.
Success Story

Cost Contingency Optimization for a Pipeline Expansion Project

Client: Top-tier construction firm
Challenge: Submitting a competitive bid while ensuring sufficient contingency for uncertainties.
Solution:

  • Applied BUCP Method to optimize contingency based on risk tolerance.
  • Quantified cost risks (e.g., material price fluctuations) using Monte Carlo simulation.
  • Collaborated with the client’s pricing team to reduce unnecessary contingencies.
    Result:
  • Reduced contingency by 15%, making the bid more competitive.
  • Client won a $200 million project with balanced risk-reward strategy.

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Success Story

Enhancing Risk-Aware Decisions in a Mega Construction Project

Client: Global construction conglomerate
Challenge: Managing high uncertainty across multiple subcontractors and suppliers.
Solution:

  • Implemented a Quantitative Risk Management (QRM) framework.
  • Conducted workshops, identified critical risks, and performed Monte Carlo simulations.
  • Delivered actionable reports for decision-makers to evaluate trade-offs between cost and schedule.
    Result:
  • Reduced likelihood of major delays by 25%.
  • Achieved on-time and on-budget project completion.
  • Enhanced stakeholder trust and governance practices

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Approved Training Centers

Learning Track to get QRM Certification

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Frequently asked questions

What is IQRM?

IQRM (Institute of Qualified Risk Managers) is a professional organization focused on training and certifying individuals in advanced risk management techniques using quantitative methods. Our goal is to empower professionals to make data-driven, risk-aware decisions.

What is the Qualified Risk Manager (QRM) certification?

The QRM certification is an internationally recognized credential designed for professionals who want to master quantitative risk management and risk-based decision-making. The program covers essential topics such as Monte Carlo simulations, quantitative risk registers, and integrated cost and schedule risk analysis.

Who should take the QRM course?

The course is ideal for project managers, risk managers, financial analysts, engineers, consultants, and decision-makers who want to enhance their ability to assess and manage risk quantitatively.

How long does it take to complete the QRM course?

The full course is divided into three modules, each requiring approximately 16 hours of study, including live sessions, interactive exercises, and self-paced learning.

What topics are covered in the QRM course?

The course is divided into three modules:
- Module 1: Foundation for Quantitative Risk Assessment (QRA)
- Module 2: Building Risk Models (Quantitative Risk Registers and Monte Carlo Simulation)
- Module 3: Risk-Aware Decision Support (Advanced Decision-Making Strategies)


What learning resources are provided?

Participants receive access to:
- Recorded sessions and live Q&A
- Interactive tools for hands-on learning
- Real-world case studies and examples
- Templates for building risk models

Are there any live sessions?

There are 2 Modes of conducting the course either on-demand or Live you can book either one of them.

Can I access the course materials after completion?

Yes, once enrolled, you will have lifetime access to the course materials, including future updates

How is the QRM certification awarded?

The certification is awarded after successfully completing the three modules and passing a final assessment. The assessment consists of a combination of practical exercises and a final exam.

Is there an exam at the end of the course?

Yes, there is a final exam to assess your understanding of the course content. You will need to achieve a minimum passing score to earn the certification.

Is the QRM certification globally recognized?

Yes, IQRM certifications are recognized by leading organizations worldwide and are valued by employers in various industries, including construction, oil and gas, finance, and technology.

How much does the QRM course cost?

The course is offered at a competitive price, with options to enroll in individual modules or the full course. Check the Pricing Page for current offers and discounts.

Are there any discounts available?

Yes, we offer group discounts for teams and purchasing parity discounts for learners in specific regions. Please contact us for more details.

Can I pay in installments?

Yes, installment plans are available for those enrolling in the full course. You can choose a payment plan that suits your financial needs.


How do I enroll?

To enroll, visit the Courses Page, select the module or full course you want to join, and complete the registration process.

What if I miss a live session?

No worries! All live sessions are recorded, and you can access them at your convenience on the learning platform.

What is your refund policy?

We offer a full refund if you cancel your enrollment within 7 days of purchase, provided you haven’t started the course. For more details, please refer to our Refund Policy Page.

Can I retake the exam if I don’t pass on the first attempt?

Yes, you can retake the exam for free. However, After the 2nd attempt it will cost 10% of the exam Cost . Please contact support for more details.

How can I contact support?

You can reach out to our support team via email at support@iqrm.net or through the Help Center on the platform. Our team is available 24/7 to assist you.

Do you offer corporate training?

Yes, IQRM offers tailored corporate training programs for organizations looking to upskill their teams in quantitative risk management. Contact us for a custom proposal.


Are there any prerequisites for enrolling in the QRM course?

There are no strict prerequisites, but a basic understanding of risk management principles and project management is recommended. Familiarity with Excel is also beneficial.

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