Risk Management Foundation
The AACPS Risk Management foundation certification is based on the AACPS Body of Knowledge (BOK) for Risk Management which combines the concepts, principles, tools, techniques and practices from the different Risk Management techniques and approaches. This foundation certification tests your knowledge in the basics of Risk Management practices and ensures that you can be a valuable member of Risk Management teams.
 
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.
Risks can come from uncertainty in financial markets, threats from project failures legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.
 
 
 
AACPS Risk Management practices focuses on:
  • identification of risk in a selected domain of interest

  • planning the remainder of the process

  • mapping out the social scope of risk management

  • defining a framework for the activity and an agenda for identification

  • developing an analysis of risks involved in the process

  • mitigation or solution of risks using available technological, human and organizational resource
 
Examination:

AACPS Risk Management Foundation Certification Exam is based on the AACPS Body of Knowledge for Risk Management. The Exam is Theory based exam which contains multiple-choice questions from each major section of the AACPS Body of Knowledge for Risk Management. Exam is been closely monitored and proctored by the Accredited Examination Partners in more than 6000+ Accredited Training and Examination Partners located within 92 countries throughout the world.
 
Theory Based Exam :
Duration : 1.5 hours
Total Questions : 100
Passing Score : 55 Questions (55%)
 
Pre-Requisite
In order to achieve the professional certification of AACPS Risk Management Foundation from the Association for Certification and Professional Studies candidate must mandatorily attend the Training conducted by AACPS Accredited Training Partner for the AACPS Risk Management Foundation Certification and achieve a passing score that is calculated based on points earned in the exam. There is no pre-requisite in terms of professional experience working in Risk Management Team in order to appear for the AACPS Risk Management Foundation Certification Exam.
For more information about this please refer FAQ’s section.
 
Preparation
The candidates who wish to appear for the exam are strongly recommended and required to obtain Risk Management training through an AACPS Accredited Training Partner and AACPS Accredited Trainer prior to appearing for the AACPS Risk Management Foundation Certification Exam. Review the AACPS Body of Knowledge and reference materials provided by AACPS Accredited Training Partner. Take advantage of the Accredited Courseware and sample exam provided by Accredited Training Partner.
 
Certification
The result of the AACPS Risk Management Foundation Certification Exam will be declared within 30 working days from the exam date. Upon successfully clearing the examination through AACPS Accredited Examination Centre successful candidates will receive a Soft copy Certificate within 15 working days and Hard copy of the certificate within 90 working days from the date of the declaration of Exam result. Successful Candidate name will be updated in Successful Candidate List within 90 days from the date of the declaration of Exam result. Professionals will also receive the AACPS Risk Management Foundation Certification Marks and AACPS Code of Conduct which should be followed while using the information on public profiles such as LinkedIn. Professionals may use the designation AACPS Risk Management Foundation Certified or AACPS RMF Certified or any approved variation of the designation in accordance with the AACPS Code of Conduct
 
 
 
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