Top governance, risk and compliance (GRC) certifications – Part 3

Organizations that must adhere to regulations for data security, financial accountability and consumer privacy increasingly find it difficult to do without someone to make sure internal processes are being carried out properly. This is exactly where the need for competent governance, risk, and compliance (GRC) professionals arises. The goal of GRC is to ensure that proper policies and controls are in place to reduce risk, to set up a system of checks and balances to alert personnel when new risks materialize and to manage business processes more efficiently and proactively. All kinds of job roles including CIO, IT security analyst, security engineer or architect, information assurance program manager and senior IT auditor require or benefit from a GRC certification. Read on to learn about some top GRC certifications.

Project Management Institute – Risk Management Professional (PMI-RMP)

Project Management Institute (PMI) is a familiar name for anyone who has pursued a project management certification either through research or by picking up the coveted Project Management Professional (PMP) credential. Additionally, PMI also offers the Risk Management Professional (PMI-RMP) certification besides several others that focus on business management, business analysis, agile and scheduling.

IT professionals involved with large projects or working in complex environments who assess and identify project-based risks are identified by the PMI-RMP. They are also competent in designing and implementing mitigation plans that counter the risks from system vulnerabilities, natural disasters and the like.

The knowledge domains covered by PMI-RMP exam are: Domain 1 – Risk Strategy and Planning, Domain 2 – Stakeholder Engagement, Domain 3 – Risk Process Facilitation, Domain 4 – Risk Monitoring and Reporting and Domain 5 – Perform Specialized Risk Analyses. The exam has 170 multiple-choice questions, takes up to 3.5 hours to complete and costs $520 (PMI members) or $670 (non-members).

You must also meet experience and education requirements. One option to do so is to have a secondary degree and at least 4,500 hours of project risk management experience and 40 hours of project risk management education. The other option is to have a four-year degree (bachelor’s degree or global equivalent), at least 3,000 hours of project risk management experience and 30 hours of project risk management education.

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