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Sample companies that have been through our training seminars:

3M, Accenture, AIG, Allstate Insurance, Airbus, Alexion, Aquiva Trading, AT&T, Boeing, Chevron Texaco, Duke Energy, Eli Lily, GE, GE Capital, Glaxo SmithKline, Intel, Johnson & Johnson, Lloyds Bank, Motorola, Phillips, Pioneer, Roche Molecular Diagnostics, Seagate, Schlumberger, Shell, Sprint, Sunoco, Syngenta, Timken, Total Elf Fina, Washington Gas, and many others!

“Great presentation! A must have! Very good session with the best cost/option/risk discussion I’ve seen. This should be required for every new crop of Navy Admirals. This session was awesome. Great presenter – kept us interested. He described and presented a set of tools for a senior leader to use to make better decisions. Dr. Mun was very animated and enthusiastic. Real-world examples added significantly to understanding the concepts. The courses demand the audience to think. Very good real-world examples were included. Simply outstanding!”
-A compilation of quotes from Navy Commanders and Captains at the U.S. Naval Postgraduate School (USA)


“Dr. Mun is able to take even the most difficult and technically challenging concepts and make them simple to understand and applicable to today's challenging and changing business environments. It is definitely one of the best seminars I have ever attended and I would rate Dr. Mun among the top lecturers in the field.”
-Robert Finocchiaro, Ph.D., Director Corporate R&D Services, The 3M Company (USA)


We offer several hands-on training courses and seminars in the areas of risk analysis and real options analysis, taught by world-leading experts on the topics. Our classes are generally kept to a small size to cultivate a better learning atmosphere and to provide the opportunity for more one-on-one attention by the instructors. Courses are typically conducted in regional locations around the world (check our website for the latest schedule) in state-of-the-art computer-equipped seminar rooms, where each participant will have his or her own computer terminal.

ADVANTAGES

The key advantage of attending one of our seminars are as follows:
Obtain the Certified in Risk Management (CRM) certification that is acknowledged around the world.
Learn from real experts in the field with the best credentials and hands-on expertise and experience, not from a group of unqualified trainers.
Get it straight from the source! The main seminar instructor is the creator of the Risk Simulator and Real Option Super Lattice Solver (SLS) software, the author of 7 books on the topics of risk modeling, real options, and valuation. He is also a professor in finance and economics, a consultant for many multinationals, and is known globally for his expertise in risk analysis and real options.
Get free books, training models and examples, course slides and many other getting started materials.

CERTIFIED IN RISK MANAGEMENT (CRM) CERTIFICATION

Real Options Valuation, Inc. is the global preferred provider for the International Institute of Professional Education and Research™ (IIPER) and we have been granted the rights to teach CRM certification courses and upon completion of our 4-day seminar and the successful completion of a live test administered on the last day, participants will be granted the CRM designation! Real Options Valuation, Inc. is one of the three organizations in the world with rights to grant this CRM designation.

So, how do our seminars compare to others? Surprisingly, our 4-day training seminars are lower in price than other so-called simulation courses, and at the completion of the training, you will receive your CRM designation, something that other firms cannot provide. In addition, the training will be conducted by the exclusive CRM-designated trainer, Dr. Johnathan Mun, founder and CEO of Real Options Valuation, Inc.; a professor; a world-renown expert on risk analysis; author of 7 books on the topics of risk, valuation, and strategy; as well as the developer of our Risk Simulator and Real Options SLS software. Compare that to being trained by a fresh college graduate with less than two years of experience at other firms or a general MBA with insufficient grounding in the theory/application of risk analysis. You will not only learn the practical applications of risk analysis, but also the theoretical underpinnings of these applications.

ADVANTAGES

The key advantages of attending one of our seminars are as follows:
· Obtain the Certified in Risk Management (CRM) designation. 
· Learn from real experts in the field with the best credentials and hands-on expertise and experience, not from a group of unqualified trainers.
· Get it straight from the source! The main seminar instructor is the creator of the Risk Simulator and Real Option Super Lattice Solver (SLS) software, the author of 7 books on the topics of risk modeling, real options, and valuation. He is also a professor in finance and economics, a consultant to many multinationals, and is known globally for his expertise in risk analysis and real options. 
· Get free books, training models and examples, videos, course slides, and many other getting started materials. 

The prerequisite for the CRM program is a minimum of a Bachelor's degree or its equivalent and 2 years of experience in financial analysis. Knowledge of basic Excel modeling is a plus but not required.

IIPER, ACCREDITATION, & CRM RECOGNITION

The International Institute of Professional Education and Research (IIPER) is a global institute with partners and offices around the world including the United States, Switzerland, Hong Kong, Mexico, Portugal, Singapore, Nigeria, Malaysia, and others. IIPER’s CRM certification is accredited by the National Certification Commission and IIPER is a member of the prestigious AACSB (Association for the Advancement of Collegiate Schools of Business). AACSB is one of the largest U.S. accreditation agencies recognized by the U.S. Department of Education, and has over 500 business schools around the world as its members. Further, IIPER’s seminars are approved by the Project Management Institute (PMI) and participants can also obtain 30 professional development units (PDU) upon completion of the course. IIPER’s International Standards Board comprises professors from various universities including Lehigh University (Pennsylvania), University of Applied Sciences (Switzerland), Naval Postgraduate School (California), University of Missouri (Kansas City), and others. IIPER also has strategic alliances and collaborations with various research institutions around the world.

RISK ANALYSIS SEMINAR

The risk analysis seminar is a 2-day hands-on computer-based course using Risk Simulator, and it covers the following topics:
Monte Carlo simulation (simulation, nonparametric bootstrap simulation, correlated simulation, truncation, distributional fitting, applied statistics to interpret simulation results, hypothesis testing, data extraction and analysis, multidimensional simulation, pitfalls, and performing due diligence)
Forecasting (time-series forecasting, multivariate regression, nonlinear extrapolation, stochastic process forecasting, Box-Jenkins ARIMA, and forecasting without data)
Optimization (linear optimization on continuous and discrete integer decision optimization, portfolio optimization, and decision analysis techniques)
Basic Real Options (sample business cases and examples of real options applications, understanding the basics of real options)

REAL OPTIONS FOR EXECUTIVES

This 1-day seminar is geared toward executives, managers, and decision makers and covers the following topics:
High-level overview of risk analysis and real options analysis
Sample real-life business cases and applications in multinational firms
Problem framing of strategic options
Asking the right questions and due diligence in strategic real options
Understanding how to interpret the real options results

REAL OPTIONS FOR ANALYSTS

This 2-day hands-on computer-based course using Real Options Super Lattice Solver software (SLS), covers the following topics:
Introduction to real options: what, where, who, when, how, and why
Sample applied business cases in real options analysis
Overview of different options valuation techniques: closed-form models, partial differential equations, and binomial lattices
Applying the risk-neutral probability technique, European, American and Bermudan options, as well as abandonment, expansion, contraction, chooser options, and 4 different estimating volatility methods
Overview of the different SLS modules and computing volatility
Solving options with changing inputs and customized exotic options, complex multiphased sequential compound options, mean-reverting options, jump-diffusion options, and dual-asset rainbow options using trinomial, quadranomial, and pentanomial lattices
Framing real options—structuring the problem

VALUING EMPLOYEE STOCK OPTIONS SEMINAR

This 1-day hands-on seminar is geared toward:
Understanding the different valuation results from a Black-Scholes versus FASB-recommended binomial lattice models
Hands-on valuation of employee stock options under the revised 2004 FAS 123 using the Employee Stock Options Toolkit software used by FASB in writing the new FAS 123 requirements

CUSTOMIZED ON-SITE SEMINARS

Any of the seminars can be customized for onsite delivery for your firm. The advantages include having content specific to your needs, business case applications specific to your industry and immediate requirements, and the ability to openly discuss any proprietary data, models, or strategies (covered under mutual nondisclosure agreements).

INSTRUCTOR EXPERTISE

Dr. Johnathan Mun is the software’s creator and teaches all these courses. He has consulted for many Fortune 500 firms on risk analysis, valuation, and real options, and has written a number of books on the topic, including Real Options Analysis: Tools and Techniques, 2nd Edition (Wiley Finance, 2005), Real Options Analysis Course: Business Cases (Wiley Finance, 2003), Applied Risk Analysis (Wiley, 2003), Valuing Employee Stock Options Under 2004 FAS 123 (Wiley, 2004), Modeling Risk: Applying Monte Carlo Simulation, Real Options Analysis, Forecasting and Optimization (Wiley, 2006), and others. He is the founder and CEO of Real Options Valuation, Inc., and is responsible for the development of analytical software products, consulting, and training services. He was formerly the VP of Analytics at Decisioneering, Inc., and was a Consulting Manager in KPMG’s Global Financial Strategies. Dr. Mun is also a full professor at the U.S. Naval Postgraduate School and a professor at the University of Applied Sciences (Zurich and Frankfurt). He has a Ph.D. in finance and economics, an MBA in business administration, an MS in management science, and a BS in applied sciences. He is certified in Financial Risk Management (FRM), Certified in Financial Consulting (CFC), and Certified in Risk Management (CRM). He currently resides in California.