Risk Management Principles and Practices

Risk Management Principles and Practices
ARM 54
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Understand risk management principles and practices.


ARM 54 Segment A Topics:

  • Introduction to risk management
  • Risk management standards and guidelines
  • Hazard risk
  • Operational, financial, and strategic risk

ARM 54 Segment B Topics:

  • Risk management framework and process
  • Risk identification
  • Risk analysis
  • Risk treatment

ARM 54 Segment C Topics:

  • Financial statement risk analysis
  • Capital investment and financial risk
  • Monitoring and reporting on risk

Course Level


Suggested Self-Study Time

5-7 weeks


French— Study materials must be ordered through The Institutes’ Customer Service.

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Bottom-Line Benefits

Apply strategic concepts to your everyday work.

Set yourself apart with the technical knowledge needed to design a risk management program for hazard, operational, financial and strategic risks.

Confidently handle complex risk management issues.

Develop your ability to identify, analyze, and treat risks by utilizing proven risk management and statistical analysis techniques.

Demonstrate your value to your organization.

Solidify your reputation as a key contributor to your organization’s success by making smarter financial decisions through the application of cash flow analysis to hazard and financial risks.

"... It’s impossible to gain work experience in a short amount of time; you simply have to put in the time. But with learning the material from ARM’s segmented exams, you can put yourself at an advantage by improving your awareness of key risk concepts and techniques in manageable chunks of time..."


Samit Shah, ARM

Information Management Analyst

Zurich Insurance Company


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