The purpose of the MyRiskControl Certification Program it to train and certify accountants and professionals so they can provide Enterprise Risk Management (ERM) sevices to their clients using the patent-pending DGR Risk Analysis System. The system allows them to provide an unqualified and unbiased assessment of inherent risk within a construction company, produce a complete risk analysis, and provide follow-up risk control services. Since a risk assessment by nature relies upon assessment of (soft) qualitative data as opposed to the examination of (hard) quantitative data, the collection of that data is somewhat more complex and therefore must follow rigid guidelines to ensure accuracy.
The MyRiskControl Certification Program trains a candidate to collect qualitative risk data and use it to precisely assess risk by following a strict means of measurement. Once the candidate has met the prerequisites, completed coursework covering over 65 construction risk factors and passed the corresponding tests, the candidate is eligible for certification. Any individual who meets the qualification requirements of MyRiskControl can become certified if he/she satisfies all of the program requirements; however, those employed by accounting firms appear to be the best candidates for certification. As a result, a bank or bonding company can rely upon a single accounting firm to provide with both financial results as well as a comprehensive risk analysis. This lets underwriters know exactly what is going on behind those four walls and lets the contractor know how it can improve.
The advantages of a professional firm having its employees certified as a risk assessor are fourfold:
- The firm can develop a new client by performing an assessment and providing the value added service of a full risk analysis report
- The firm can educate its personnel in the factors of risk that impact a construction company
- The firm can meet the needs of banks and sureties who might desire a risk analysis report in support of the decision-making to grant credit
- The firm can better serve its current client base by identifying potential risk
The Certification Program is a low cost proposition for anyone who desires to be trained to perform construction risk assessments and utilize MyRiskControl’s services for scoring and rating the severity of risk within an enterprise.
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