Archive for the ‘ERP’ Category

GARP | ERP Training

02 Feb

Why ERP ® ?

As global energy markets become increasingly interconnected and awareness of the importance of risk management grows, it is important to distinguish yourself and your ability to add value to an organization. Earning the ERP ® signals to employers that you are committed to the energy industry and risk management, and that your knowledge of the physical and financial energy markets has been validated against industry standards. By joining the ERP ® community, you will become part of an elite group of skilled professionals sought after and employed by leading global energy companies, financial institutions, commodity trading firms, consulting firms, and market regulators.

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To help you pass the ERP ® exam we have below offerings:

Energy Risk Professional (ERP ®) Instructor Led Online Training
Energy Risk Professional (ERP ®) Online self-learning sessions
Energy Risk Professional (ERP ®) Practice Test series

ERP® Certification
The highest professional designation for energy risk management.

The Energy Risk Professional (ERP) is the first globally recognized designation for energy market professionals. The ERP designation signals a mastery of the knowledge and tools required to successfully navigate the challenges of the rapidly changing energy markets. ERPs are employed globally by oil and gas companies, crude oil refinders, power generators, electric and gas utility companies, commodity trading firms, investment banks, consulting firms with energy practices, and regulatory agencies.

The ERP Certification signifies an energy professional’s ability to identify and measure risk across the energy value chain. Developed by leading energy practictioners, the course links practical, real-world knowledge of energy commodity markets with an understanding of price formation, financially traded energy products, and tools used to assess and manage energy risk

Comprised of senior practitioners and academics in the field, Energy Oversight Committee oversees the creation of the Exam and program content.

Dr. Lawrence Austen, Trafigura
Ben Baglin, ERP EDF Trading
Stuart Chaplin, Shell Trading and Supply
Gordon E. Goodman, NRG Energy
Dr. Vince Kaminski, Rice University
Glenn Labhart, EOC Chairman Labhart Risk Advisors
Alessandro Mauro, MKS (Switzerland) SA
Peter J. O’Neil, Ancher Daniels Midland
Dr. John Parsons, Massachusetts Institute of Technology
Jonathon C. Stein, Hess Corporation
Andrew Sunderman, Direct Energy
Dr. Chris Strickland, Lacima Group
Dr. Glen Swindle, Scoville Risk Partners
Gary Taylor, British Petroleum

1.ERP Exam Part I
4 hours/80 Questions

2.ERP Exam Part II
4 hours/60 Questions

3.Demonstrate 2 years
Related Work Experience

4.Mandatory Continuing
Education 40 hours/2 years

There are currently more than 1,400 practicing ERPs across 75 countries

Nearly 1,800 candidates have registered for the ERP exam in 2016.

ERPs are employed by more than 140 companies around the world.

More than 90% of candidates who sat for the ERP Exam since 2009 have indicated they would recommend the ERP Program to a friend or colleague.

Creating a Culture of Risk Awareness®
The ERP program is administered by The Global Association of Risk Professionals (GARP), the only internationally recognized organization dedicated to the education and certification of risk professionals. GARP’s mission is to elevate the practice of risk management at all levels, setting the global standard for the industry through independence, expertise, and leadership. As the energy industry expands, the global ERP community continues to grow, matching the market’s demand for more highly skilled risk professionals.


Physical Energy Market Topics (Part I Syllabus)

Comprehending the Coal Industry

Emission Trading Markets and Regulations

European Power Markets and Infrastructure

Gas Markets and Deregulation

Hydrocarbon Exploration and Production

Introduction to the Oil Industry

Introduction to the Power Industry

North American Power Markets

Oil Storage Overview

Overview of the Global LNG Market

Overview of the Natural Gas Industry

Overview of the Natural Gas Value Chain

Overview of the Oil Value Chain

Overview of the Renewables Industry

Petroleum Refining Made Easy

Financial Energy Market and Risk Management Topics (Part II Syllabus)

Online Courses

Hedging with Futures and Options

Introduction to Commodity Derivatives

Introduction to Derivative Markets and Trading

Introduction to Forwards and Swaps

Introduction to Trading Risk Control

Oil Pricing Mechanisms

Petroleum Products Trading

Understanding Commodity Risk

Understanding the Value-At-Risk Concept

Using Weather Derivatives


Instructor Led Online Training

48 Hours of Instructor Led Online training covering the entire syllabus of May 2018. This training is delivered via Citrix Go To Training.

2 Practice Tests with 80 questions for Part I and 60 questions for Part II
These tests will give you the feeling of D-Day.

Recorded Sessions access- 24*7 Till May 2018 examination
Our online training is recorded and we share this with you for your revision purposes.
You can use this if you have missed the training for any reason or would like to revise what you have learnt.

Doubt clearing session
Dedicated doubt clearing session for each portion.

Study Group
ERP ® preparation is incomplete without a study group. We help you create a study group with people from different parts of the world preparing to pass the examination at the first go.

What you need to attend this training?
A Broadband Connection (256 Kbps Minimum)
Audio Equipment: Headset (Recommended)

Training Date for May 2018 ERP ® Exam

Part I Training Dates
03 March 2018
04 March 2018
10 March 2018
11 March 2018
17 March 2018
18 March 2018

Part II Training Dates
31 March 2018
01 April 2018
07 April 2018
08 April 2018
14 April 2018
15 April 2018

28 April 2018 Doubt Clearing Session – Part I (2 hours)
29 April 2018 Doubt Clearing Session – Part II (2 hours)

P.S. The duration of the training each day would be 4 hours. 8 PM to 12 AM/Midnight IST

Local Time :
India UK New York Saudi Arabia Ghana Netherlands
7:45 PM 2:15 PM 9:15 AM 5:15 PM 2:15 PM 3:45 PM
8:00 PM 2:30 PM 9:30 AM 5:30 PM 2:30 PM 3:30 PM
12:00 AM 6:30 PM 1:30 PM 9:30 PM 6:30 PM 7:30 PM

PRACTICE TEST 1 – Part I (Access to this test will be given as per your choice)
PRACTICE TEST 2 – Part II (Access to this test will be given as per your choice)

Reach us at: for more info.


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Posted in ERP


The Internet of Things: Coming to a Network Near You

17 May
When people talk about the Internet of Things (IoT), the most common examples are smart cars, IP-addressable washing machines and Internet-connected refrigerators. But IoT is coming to the enterprise as well, and CIOs should already be thinking about the ways it will shake up the corporate network.“Products and services which were previously outside their (CIOs’) domain will increasingly be under their jurisdiction,” says Daniel Castro, senior analyst with the Information Technology and Innovation Foundation (ITIF), a US-based research and educational institute.

So, what are these devices?

Castro says that companies increasingly will be operating in “smart buildings” with advanced HVAC systems that are connected to the rest of the corporate network.

Many utility companies will be deploying Web-connected smart meters at customers’ facilities to allow for remote monitoring.

Companies are tying their physical security to their network security, so that data from security cameras and authentication readers are coming under the purview of enterprise IT. Most of the retailers already use RFID and other tracking technologies to manage supply chain logistics, says IDC’s Michael Fauscette. IoT is therefore a natural next step.

Then there’s operational technology (OT), where enterprise assets such as manufacturing equipment, fleet trucks, rail cars, even patient monitoring equipment in hospitals become networked devices, says Hung LeHong, research vice president at Gartner.

“Those types of assets are becoming Internet-enabled,” LeHong says. And even though they are managed by field operations or hospital services, they could become end-points on the corporate network.

Other examples of OT might include companies deploying vending machines that are connected to the Internet, so that they can be automatically restocked when certain items run low.

Another key area where IoT is making an appearance is what Gartner calls the digital supply chain. That’s when a company’s end-products, such as consumer electronics or large machinery, are Internet-enabled so that the manufacturer can keep track of maintenance schedules and other such aspects.
Besides, IoT is also showing up in consumer offerings such as home automation and smart grid. IT executives in industries such as gas and electric utilities will need to stay abreast of developments such as how smart meters and other types of data-generating solutions will affect IT and the corporate network.

And finally, IoT is emerging in so-called smart cities, where all kinds of devices and assets such as traffic lights, parking meters and garbage truck fleets are gradually being connected to the Internet. Municipal government IT executives will need to be aware of how these assets tie in to the network.

IT and OT Convergence

What will likely happen is a convergence of OT and IT. “As these machines go onto the corporate network, CIOs need to start talking together about what the future will look like when traditional IT and OT overlap on the network,” LeHong says.

“Who is responsible for providing security, for example,” LeHong asks. “There are existing IT skill sets that are very developed, but are at the same time, new or not a prime focus for the operations guy. There can be some synergies.”

IT executives will need to prepare themselves for situations such as when an IP-based vending machine is creating software replenishment orders for out-of-stock items using an ERP application, he believes.

“When it creates the replenishment order, does the vending machine need a user license for the ERP application?” LeHong asks. “CIOs need to get an understanding of this. Even if they are not going to own the vending machines, they need to worry about things like these. That’s what we mean by convergence. OT and IT need to discuss things like governance, security, software licensing and maintenance.”

In terms of networking technology and strategies at enterprises, IoT will have a significant impact. According to a report on IoT trends published by Gartner in 2012, things will be connected, but not necessarily in the ways most familiar to companies today. “Wi-Fi, 3G/4G cellular and Bluetooth are the wireless connectivity technologies we are most familiar with. However, they will not be the only way things connect to the Internet,” the report says.

These network technologies and protocols consume lots of power and are designed for higher-bandwidth applications, the firm says, but many things (for example, a temperature/humidity sensor in a remote agricultural setting) will require low bandwidth, long range and very low power consumption.

Looking ahead to the next few years, growth of the IoT will probably be greatest in areas such as inventory tracking and supply chain management, says Castro from ITIF. But given the way technology is developing, it’s likely that the IoT will be pervasive in many aspects of business.