#riskmanagementcertification

Effective risk management is crucial for ensuring the safety and effectiveness of medical devices. This ISO 14971 training course focuses on ISO 14971: Application of Risk Management to Medical Devices, helping professionals understand how to manage risks throughout the product lifecycle.

Whether you're a medical device manufacturer, risk manager, or quality control professional, this course equips you with the tools to navigate the complexities of medical device safety standards, mitigate risks, and ensure compliance with international regulations.

Why Attend This Course?

✅ Master ISO 14971: Gain a solid understanding of ISO 14971, its application to medical device risk management, and its connection with ISO 13485. ✅ Hands-On Risk Management: Learn key techniques like FMEA, Fault Tree Analysis, and HACCP to identify, control, and monitor risks. ✅ Boost Your Credentials: Earn confidence in your knowledge and enhance your professional qualifications with ISO 14971 certification. ✅ Improve Patient Safety: Equip yourself with essential knowledge to manage medical device risks, improving product safety and effectiveness.

Course Highlights:

• Risk Management Process: Learn risk analysis, evaluation, control, and documentation. • Lifecycle Approach: Apply risk management across the entire product lifecycle of medical devices. • Risk Control Strategies: Implement and evaluate risk control measures to mitigate identified risks. • Tools for Risk Management: Understand and apply practical tools such as FMEA, Fault Tree Analysis, and HACCP.

🔗 Ready to excel in medical device risk management? Secure your spot today and become an expert in ISO 14971 compliance and risk management!

For more details and registration: ISO 14971: Risk Management of Medical Devices

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The peer-learning, competition with B-schoolers across India, innovation, exposure, not to mention the tremendous value you add to your CV – B-School competitions are invaluable.

You never come out of a B-School competition, at the same level you entered it!

Here’s a list of competitions that every B-Schooler must be aware of – and participate in at least one! (In alphabetic order)

1. FLIP National Challenge:

FLIP National Challenge (FNC) is unarguably the largest Finance contest in India, for B-Schoolers aspiring to a career in financial risk management course. During FLIP National Challenge, thousands of finance aspirants compete for the highest score in select FLIP Certifications. So, apart from getting a CV boosting risk management certification, they also get to benchmark themselves against an all India pool.

12,000+ premier B-School students have participated in the FNC till date – with the season 7 (2016) alone witnessing 2,200+ enrolments from premier B-schools.

While 2016 Final Year winners landed 6 PPOs & 30 PPIs for prestigious roles in Reliance Industries Limited (Treasury) and HDFC Bank (Corporate Banking), the first-year students landed 6 direct internships at IIFL, IDBI Capital, Contrarian Capital and India Quotient. Winners also grabbed ₹ 4.2 lakhs in cash prizes.

The one thing which a stand out about the Challenge is, unlike the other contests, here everyone who enrols, can earn a FLIP Certification, which really helps in Internships and Placements. So, the ROI works for everyone – you don’t slog for nothing.

Enrolments for FNC typically begin in the first week of August and stay open for 30 days. Keep yourself updated on the Flip National Challenge 2017 (S8).

Eligibility: Full-Time MBA/PGDM students (1st & 2nd Year). Typically those looking for a career (whether marketing or finance) in the Financial Services industry. Open to all B-Schoolers, but for the last 7 years, 90% + enrollments are from the top 30 B Schools.

2. L.I.M.E:

Launched in 2010, HUL’s L.I.M.E. (Lessons in Marketing Excellence) is one of the most prestigious and hard-fought competitions for B-Schoolers aspiring to a career in Sales & Marketing. Every year, marketing students from Top 12 B-Schools (IIM-A, IIM-B, IIM-C, IIM-L, IIM-I, IIM-K, FMS-Delhi, XLRI-Jamshedpur, ISB-Hyderabad, SPJIMR-Mumbai, NITIE-Mumbai and JBIMS-Mumbai) take part in the marketing case study competition with the last season of L.I.M.E. revolving around the theme “Changing Face of Business”.

Through various levels of campus rounds, jury evaluation, semi-final and grand finale – the competition span a period of 6 months.

Students beyond the Top 12 B-Schools have the provision of taking up a special challenge through a Wild Card Entry and directly enter the show at the semi-final level.

Eligibility: Only students from Top 12 B-Schools (rest through wild card entry)

Website: http://limeonline.org/

3. Mahindra War Room:

The Mahindra War Room, first commissioned in 2007, is one of the top Case Study competitions for premier B-Schoolers. Students are required to form 4 member teams, select a caselet from a given set of business scenarios and submit their thought through and researched solution for it. 

The teams that make it through the primary jury are flown down to Mumbai for the Grand Finale! They present their case to Mr. Anand Mahindra and the top management at the Mahindra Group. Winner & Runner Up teams win Cash Prizes and PPIs with the Mahindra Group.

Eligibility: The competition is restricted to full-time MBA/PGP students, of any specialization, in a set of 21 top colleges listed.

4. YES Bank Transformation Series:

The inaugural edition of YES Bank’s Transformation series Case Study challenge was hosted in 2010 and had 1500 participants. Since then, the competition has seen a steady increase in participation. The theme for the 2016 edition was ‘Creating impact through Disruptive Innovation’.

Similar to Mahindra War Room, students form teams of three and solve a case study stemming from the theme. The best 15 teams are then brought in to the Grand Finale in Mumbai. The top 3 teams go onto win PPIs with YES Bank & cash prizes. Campus round winners also bag some attractive cash prizes.

There is absolutely, no denying the fact that – having a Powerful Certification on your CV gives you an unmatched advantage over your peers (your competitors!). Short term Finance certification courses help in getting your CV shortlisted, gaining an impressive CV pointer to guide your interview, top-up with practical job oriented skills and be JOB READY.

We are pretty sure; you are in complete agreement with this. Otherwise, you wouldn’t be reading this article.

The Questions are:

Which certification course to take up? What are the options available?

Which certification gives me the best ROI? How much do I have to shell out?

Which certification will give me the practical knowledge? How much time do I have at hand?

Here’s the list of certification courses, you can add value to your CV with:

 1. Chartered Financial Analyst (CFA):

This is not a short term course, actually. It’s more of a parallel MBA. Administered by the US based CFA Institute, Chartered Financial Analyst (CFA) is the benchmark for Finance Professionals, across the globe. Spread across 3 levels, it is ideal for MBA/other students aspiring for a Financial Markets based career in Wealth Management, Investment Banking, Portfolio Management and Research Analysis. 

While clearing all the 3 levels requires four years of professional work experience, an MBA student can consider clearing CFA – Level I, which does not have any restriction on minimum work ex.

Recommended learning hours: About 300 hours of self-learning, per level.

Examination frequency: Twice a year – June and December (8 Testing centers across India)

Total Cost:

One-time Registration fee for all 3 levels: $ 450 (INR 29,250)

Level I Examination Fee: a maximum of $1380 (INR 89,700) **

Also, do consider the training cost to prepare for Level-1 examination. Institutes charge anywhere between INR 30,000 – 50,000 for CFA training.

(Considering the fess for CFA 2017 & exchange rate per $1 at INR 65)

**The exam fees varies in the range of $650-$1380, depending how early your register for the exam.

 2. Certified Financial Planner (CFP):

If Financial Planning (Retirement Planning, Insurance Planning, Investment Planning, and Tax & Estate Planning) is where you wish to spend your professional life in – this prestigious International Certification awarded in India by Financial Planning Standards Board of India (FPSB) is the ideal choice.

There are two pathways – Regular Status & Challenge Status; to achieve a CFP certification. If you are pursuing your MBA currently, you will be eligible for the Regular Status Pathway.

The Regular pathway has a set of 5 examinations ranging from Risk Analysis and insurance planning to Advanced Financial Planning.

Recommended learning hours: 250 hours

Examination frequency: Thrice a Year at 155 NCFM testing centers

Total Cost:

Registration & Examination fee: INR 20,000

Annual renewal fee of INR 6000

Account for the training costs additionally

 3. FLIP Certifications:

A high quality ‘Made in India’ option, it has 55,000+ alumni – students and working professionals, since 2010, including 4,500+ IIM Alumni. FLIP offers India’s only Recruiter endorsed, job oriented training & certifications in BFS. Leading banks & FIs’ endorsement “We prefer/give weightage to FLIP certified candidates”, along with their logos, appears on every FLIP certificate.

With courses written practicing Industry professionals, FLIP’s training offers excusive practical expertise you won’t get elsewhere.

At the basic level, FLIP’s Finance & Banking Fundamentals course gives a foundation on critical finance concepts; how financial markets work and an overview of the banking business. It’s very popular and is the choice of thousands of B School aspirants and first years.

As per your inclination in specialization, FLIP also offers training & certifications in 26 advanced, aspirational areas like Investment Banking, Risk Management, Capital Markets, Wealth Management, Corporate Banking and Banking Operations.

The FLIP courses will help you clear the FLIP NCFM certifications (offered by NSE).

Speaking of FLIP certified candidates, Mr. Somak Ghosh, Managing Partner – Contrarian Capital (earlier Group President @ YES Bank & Co-CEO at Motilal Oswal PE) said

“FLIP Certified candidates come with practical, India focused knowledge – which a CFA does not give. They come better prepared and hit the ground running much faster than other candidates who do not have the relevant certification. I would strongly prefer FLIP Certified candidates over others (all else being equal)”

Recommended learning hours: 30-50 hours, at your own pace

Examination frequency: Available through the year, at 36 centers across India

Total Cost:

Online Learning+ Unlimited support + Examination + Certification: INR 5000 – 12,000

 4. Financial Risk Manager (FRM):

 Offered by the Global Association for Risk Professionals (GARP), the Financial Risk Manager (FRM) is a globally recognized risk management certification. The certification will help you in roles like Risk Assessment, Financial Risk Consultant, Risk Management, Asset Liability Management etc.,

Of course, given the cost and effort, it is a worthwhile investment only if you’re sure of your interest in Risk Management. 

The examination is conducted in two parts – Part I & Part II. While there is no pre-requisite educational qualification, in order to obtain the financial risk management course, you are expected to produce at least 2 years of relevant full-time work experience. 

Recommended learning hours: 250 hours/Level

Examination frequency: Twice a year (June & November), 9 testing centers across India

Total Cost:

One-time registration fee: $300

Examination fee (Level 1): $650**

Examination fee (Level 2): $650**

Training Material cost: $300/Level

The total cost to complete both the levels will come down to INR 1,43,000

** The exam fees varies in the range of $350-$650 per level, depending how early your register for the exams.

 5. NCFM Certifications:

The National Stock Exchange (NSE) in 1996 launched the NSE’s Certification in Financial Markets (NCFM) as an online testing and certification initiative.

The short term finance certification courses are oriented towards roles like Stock Analysts, Portfolio Managers etc. – they have a wide range.

With an exhaustive list of offerings spread across three levels (Foundation, Intermediate and Advanced) these Short-term Finance certifications can be a good value add. However, note that, there is no training as such.

They do however, offer effective training for the FLIP-NCFM modules like Equity Research, Issue Management and Market Risk, and check out FLIP’s online training courses. The online courses in finance will equip you with the necessary knowledge to clear these certifications.

Recommended learning hours: 30 – 50 hours, at your own pace

Examination frequency: Available through the year, at 155 NCFM testing centers

Total Cost: