Risk Management Module Workshop (V190917)
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.
Special Counsel, DLA Piper
Carmen Elder is a litigator who regularly acts for advises directors, corporations and insurers on risk. She has in excess of 15 years’ experience acting in professional liability matters for a broad range of professionals in the financial lines, property and construction industries, encompassing low value but strategically significant litigation, complex and high value litigation and class actions. She has acted in defence of Valuers since 2007 and has been actively involved in the API RMM series for many years.
Attendance at this event will accrue 2.5 API CPD Points. Completion of the Online Assessment following the workshop will accrue 0.5 CPD Points
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