Free - €1,800
Classroom (Nicosia) & 4 hrs In-house Training /Advisory Session
18 CPD Units | 18 Hours
HRDA Subsidised
The programme is approved by the Cyprus Human Resource Development Authority (HRDA) as a “Vital Importance” training programme. HRDA Vital Importance programme fees are fully subsidised by the HRDA for up to three (3) eligible participants per business entity.
Course Overview
The programme focuses on risk management (although the more accurate term is "Hazard Management") and follows the specialised NIST methodology in conjunction with the asset-based methodology proposed by ISO 27005 and ISO 31000 standards.
The methodology addressed in this training programme is the one most widely adopted internationally for risk assessments in this category (scope and purpose), and it is fully accepted by the European Union Agency for Network and Information Security (ENISA).
This methodology has advantages over older methodologies as it: (a) it establishes solid foundations for the complex issue of risk identification, and (b) it addresses risk management holistically by incorporating parameters during its application to reduce the subjectivity inherent in every assessment.
The Programme Learning Areas
A detailed programme outline, its objectives and learning outcomes are noted on the programme’s Training Schedule (clickable).
Who Should Attend
Where possible it is recommended that organisations participate with three (3) persons to maximise learning impact and transfer of knowledge to the workplace. An example could be, one person with organisational responsibilities, one with operational responsibilities and one with regards to Technological.
The following are required: a) good knowledge of the processes implemented within the business/organisation, and b) basic skills in handling spreadsheets (Excel or similar). Knowledge of mathematics, probability theory, or statistics is not required, as the mathematical functions that will be used will be explained. Moreover, the mathematical formulas for practical applications will be predefined.
The programme is ideal for:
CEOs, CFOs, COOs, and CROs (Chief Risk Officers)
Chief Technology Officer (CTOs) and , Information Security Officer (CIOs) interested in leveraging technology for risk management
Directors and heads of risk management departments
Senior managers responsible for strategic planning and decision-making
Heads and Managers of Risk, Compliance and Internal Audit
Health and Safety Officers
Decision makers
Training Style
The programme is interactive in nature and participants will be actively involved, using their own experiences and challenges to reinforce and adapt the new knowledge and skills to their own reality, as well as examples, case studies, tools and simulations.
The trainer during the in-class part of the training will initiate the multifactorial approach in Risk Assessment and the participants will be involved in actual examples either in their laptops (if available) or in paper form. They will be asked to choose their own components in splitting the two factors of risk (likelihood and impact), as well as tables in those components that have quantitative characteristics. These examples will be used as basis in the In-House training that is the sequence of the in-class training.
The training sessions will combine elements of PowerPoint presentations, open discussions, case studies, audio/visual material and experiential exercises.
In-house Training /Advisory Session
Upon completing the 14-hour in-class training programme, participants will engage in a tailored 4-hour in-house session offering focused guidance, advice, and training to address the specific needs and challenges of both the participants and their organisation.
The in-house part of the training has a dual strategic goal that is vital for the participating businesses/organisations: an educational-consulting goal, as well as the goal of producing results for each participating entity.
The achievement of this result is accomplished through the creation of a “Management Support Tool” that is fully tailored to the needs of the entity, through an extensive and rational analysis of the hazards faced by resources and the management scenarios of organisational, operational, and technological risks that these resources face at the present time (and which the trained human resources of the entity will be able to update periodically or whenever required—as detailed in Section 2 of the foundational part).
This tool will facilitate decision-making. It is noted that the Management Support Tool will be fully developed by the end of the in-house training by the executive(s) involved, under the coaching guidance of the trainer/consultant. The development of this tool by the participating executives will not only contribute to the development of their skills but also foster a sense of “Ownership,” which will lead to lasting attitudes that are not dulled by time. In this direction, the foundational part will be fully utilised, with the broad individualised approach that will be applied, as outlined in the syllabus of the foundational part.
During the in-house part, the executives participating in the programme will have the opportunity to use their findings from the classroom session, to address their own specific organisational requirements.
CPD Recognition
This programme may be approved for up to 18 CPD units in Risk. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies with which you hold membership.
The invoice is issued on the day the course starts.
Payments can be made by bank transfer, cheque, or credit card.
Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.
Once your certificate has been issued, you will receive an automated email from Cademy notifying you that it is available.
Click the Get Your Certificate button in the email to download your certificate.
You can also access it from your Cademy account:
To access the course materials, such as presentations and recordings:
The Human Resource Development Authority (HRDA) of Cyprus is a semi-government governmental organisation that supports the development of workforce skills through training and development initiatives. Eligible training programmes approved by the HRDA may qualify for a subsidy, reducing the participation cost for eligible organisations and individuals, subject to the HRDA's terms and conditions.
The HRDA subsidy is available to:
To receive the subsidy, eligible persons must attend at least 75% of the course.
ERMIS is the online platform of the Human Resource Development Authority (HRDA) of Cyprus, used for managing training programme registrations, participant details, subsidy applications, and attendance records. All participants attending HRDA-approved courses must have an ERMIS profile and use the platform’s attendance register to check in and check out during each course session. https://ermis.anad.org.cy/
To attend an HRDA-approved course, you must:
See the FAQs below for detailed instructions.
Yes. ALL participants attending HRDA-approved courses must have an ERMIS profile, whether applying for the subsidy or not.
You can create or access your ERMIS profile here: https://ermis.anad.org.cy/
After booking your course through the EIMF website, you must also register through ERMIS, provided that the required profile(s) have already been created.
You must register through your personal ERMIS profile.
For example: If your organisation includes multiple companies, make sure each participant is registered under the correct company profile.
Around one week before the course starts (or immediately after booking if you register less than one week before the course), we will email you the HRDA course details and instructions on how to complete your ERMIS registration.
When registering for the course through ERMIS, you must upload both of the following documents obtained from the Public Employment Service:
You must update your ERMIS profile:
When submitting your request, you must upload one of the following:
Yes. All participants must log onto the ERMIS system and check onto the attendance register when they join a course session and check out when they leave a course session, as HRDA records attendance.
To receive the subsidy, eligible persons must attend at least 75% of the course. Check-ins and check-outs reflect actual attendance.
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