Project Management – Do You Know the Difference Between the CAPM and PMP Examinations?

The Project Management Institute (PMI) is the leader and the most widely recognized organization in promoting project management(PM) best practices. It was founded in 1969 and started offering the Project Management Professional (PMP) exam and Certified Associate in Project Management (CAPM) certifications in 1984. These exams are gaining lots of popularity and demand in all areas of business and have become the industry standard certification for PM.

PMI certifies managers as professionals, or PMPs. The certification process requires that a candidate document 4,500 hours of work experience (roughly 4 to 5 years of experience) and pass an online exam. Below shows the PMP exam details:

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Basel II and Operational Risk – A Primer

The operational risk requirements of Basel II (International Convergence of Capital Measurement and Capital Standards) place a heavy emphasis on the identification, assessment, monitoring and control of operational risk. The ultimate requirement for reserving capital against operational losses are closely linked to the actions that a bank needs to take to manage these risks. Keeping a banks capital allocation against Operational Risks is a hands-on business, based on controlling and mitigating risk.

Credit risk is well catered for in exceptional detail. Credit risks are clearly understood by all players, for credit is the reason why banks exist. In the current mad scramble to meet the Basel II requirements, credit risks have been getting the lion’s share of attention while far less attention has been given to the operational risk issues. Basel II is more than just reserving capital against credit and operational risk. Now for the first time, banks have to take into account the operational risk aspects as well.

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How to Trade – Book Review – Kenneth L Grant – Trading Risk

Managing the performance of your trading account must go beyond the discipline of money management. While money management remains critical, it is a subset of the total picture of managing your trading account’s profit and loss.

That total picture is what Kenneth L. Grant aptly paints in his book, Trading Risk. Total performance management of trading must treat the profit and losses in a trading account at 2 levels – the portfolio level and at the individual trade level.

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