Risk Management Module Workshop (N191121)
The Risk Management Module (RMM) first started in 2003 to show that the Valuation Profession took risk management seriously and were therefore good candidates for professional indemnity insurance.
Valuers who are members of API are required to complete this compulsory module every three years to ensure that they are up-to-date and have the tools to get their risk management right.
Risk management training is important as it puts a consistent base line under the industry and what is acceptable in terms of quality, standards and risks, and provides a standard to which Valuers should operate as professionals in the business.
All API Members who undertake valuations of Australian property (intellectual, personal, real and leasehold property (including plant and machinery) are required to hold a current RMM Completion Certificate.
Applicants for Provisional Membership with Residential Property Valuer and Associate Membership with Certified Practising Valuer must complete a RMM as part of the Future Property Professionals Program.
This workshop will cover:
- Recap on RMM key background messages
- How professional indemnity insurance works
- Myths and bugbears
- Data & intellectual property
- The rise of artificial intelligence
- Clear report writing
- Case Studies and examples
- Exercises in Residential, Commercial, Government or Plant & Machinery
- Individual focus on selected area of practice
After workshop attendance you will be registered to complete the online assessment to obtain your RMM certificate
NB: If you have not done RMM before you need to complete the Introduction to RMM online module before registering for a workshop.
- James Berg, Partner, DLA Piper
James Berg has extensive experience in commercial and insurance disputes, both litigated and un-litigated. The main focus of his practice is defending professionals including valuers, financial planners, architects and real estate agents. These disputes invariably require detailed advice on difficult and complex policy issues and thereafter advice on to both insurer and professional organisation as to how best defend claims.
In addition, his work covers a very broad range of subject matter, from economic loss claims consequent upon fires or damage to livestock, to property damage. His practice involves litigated matters in the Federal Court of Australia but primarily in state courts from the Supreme Court to the Local Court.
James also advises clients on risk management issues including the implications of insurance and indemnity clauses in commercial contracts, as well as disclaimer clauses and qualifications in expert opinions.
Completion of the workshop and assessment accrues 3 CPD points. Please Note: Points are awarded on completion of the online assessment module
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