Overview
In an era of increasing project complexity and uncertainty, the PRMI program is designed to develop executive leaders with a unique blend of project management expertise, strategic risk acumen, and deep knowledge of insurance and reinsurance.
This two-year, four-semester program integrates core management principles with advanced concepts in project execution, enterprise risk management, and insurance solutions.
Tailored for working professionals, it combines weekend classes with immersive campus modules, offering flexibility and practical relevance.
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What You'll Learn
Upon completing the Executive MBA in Project Risk Management and Insurance (PRMI), you will be able to:
- Lead complex projects with advanced project management skills aligned with strategic business goals across diverse industries.
- Design and implement robust risk management frameworks, using both qualitative and quantitative tools to identify, assess, and mitigate project and enterprise-level risks.
- Structure and manage insurance and reinsurance solutions to effectively transfer and finance a wide range of project, property, liability, and corporate risks.
- Make data-driven executive decisions by integrating financial, legal, and strategic management principles, while demonstrating ethical leadership and stakeholder management.
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Programme at a Glance
The Executive MBA in Project Risk Management and Insurance (PRMI) is a two-year, four-semester program designed for working professionals, offering a total of 82 credits. The program combines 48 credits of classroom learning with 4 credits for a Mini Project, 8 credits for a Final Project & Dissertation, 8 credits through MOOCs (NPTEL/SWAYAM), and 14 work-based credits earned through real-world application. It follows an executive-friendly format with weekend classes and includes 10 days of intensive campus immersion each semester, totaling 40 days. This industry-aligned program integrates project management, enterprise risk, and insurance, enabling professionals to lead complex projects, manage risks strategically, and design insurance solutions. The degree is awarded by NICMAR University of Construction Studies, Hyderabad.
Academic Excellence
- Industry-aligned curriculum combining project management, risk, and insurance
- 82-credit structure with classroom learning, projects, MOOCs, and work-based credits
- Specialized focus on ERM, project finance, reinsurance, and digital risk tools
- Capstone project and dissertation for real-world application
Executive-Friendly Format
- Weekend classes designed for working professionals
- Campus immersion for hands-on learning
- Flexible credit earning through MOOCs and workplace integration
- Peer learning and networking with experienced engineering professionals
Hyderabad Campus
Nestled away in the green burrows of Shamirpet,
our vibrant Hyderabad campus offers an irresistible
academic experience for the discerning learner.
Duration: 24 months
Courses
- Sem. 1
- Sem. 2
- Sem. 3
- Sem. 4
Semester I: Management Foundations
This semester builds a strong base in core management disciplines such as economics, finance, marketing, law, and statistics. It equips learners with analytical and organizational skills essential for leadership roles. The focus is on understanding business environments, interpreting financial data, and applying statistical tools for decision-making.
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Management Principles & Organization
Introduces core management functions—planning, organizing, leading, and controlling—along with organizational behavior concepts to enhance leadership and team effectiveness.
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Managerial Economics
Equips students with economic tools to analyze market behavior, production decisions, and pricing strategies for informed managerial decision-making.
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Financial Reporting & Analysis
Focuses on interpreting financial statements and applying ratio analysis to assess corporate performance and financial health.
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Marketing Management
Covers marketing fundamentals, consumer behavior, STP strategies, and the marketing mix, including digital marketing trends.
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Business Law and Legal Environment
Provides an overview of contract law, corporate governance, torts, and dispute resolution mechanisms relevant to business operations.
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Business Statistics
Builds statistical literacy for business decisions using descriptive statistics, probability, hypothesis testing, and regression analysis.
Semester II: Core Project & Managerial Skills
Learners dive into project management fundamentals, risk analysis techniques, and corporate finance. Courses in operations, HR, and quantitative methods enhance managerial effectiveness. The semester culminates in a Mini Project, allowing participants to apply their learning to real-world challenges.
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Fundamentals of Project Management
Introduces the project lifecycle and PMBOK® knowledge areas, including scope, schedule, cost, and stakeholder management.
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Risk Assessment and Analysis Techniques
Teaches qualitative and quantitative risk analysis tools like Monte Carlo simulation, FMEA, and root cause analysis.
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Corporate Finance
Covers investment appraisal, capital structure, cost of capital, and working capital management for corporate financial decisions.
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Operations & Supply Chain Management
Explores process design, quality management (TQM, Six Sigma), inventory control, and logistics in supply chains.
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Human Resource Management
Focuses on strategic HR functions including recruitment, training, performance management, and industrial relations.
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Quantitative Methods for Managers
Applies operations research techniques like linear programming, decision trees, and forecasting to solve business problems.
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Mini Project
A hands-on project applying project and risk management tools to a real-world or workplace-based problem.
SSemester III: Advanced Specialization
This semester deepens expertise in risk management, insurance, and strategic project execution. Learners explore enterprise risk frameworks (COSO, ISO 31000), project finance, and portfolio-level decision-making. Agile and PMP methodologies are integrated to prepare professionals for complex, adaptive project environments.
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Principles of Risk Management & Insurance
Establishes foundational knowledge of risk management processes and the role of insurance in risk transfer. Covers key insurance principles and major insurance products.
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Advanced Project Management (Agile & PMP Frameworks)
Hands-onDeep dive into PMP knowledge areas and Agile methodologies like Scrum and Kanban. Emphasizes Earned Value Management (EVM) and hybrid project approaches. training in Candy CCS for estimation and CalQuan for road/linear projects. Includes resource analysis, subcontractor adjudication, and 3D modeling.
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Enterprise Risk Management (ERM)
Introduces COSO and ISO 31000 frameworks for managing risk across the enterprise. Focuses on risk appetite, governance, and strategic alignment.
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Project Finance & Cost Control
Covers project financing structures, appraisal techniques, and cost control tools including EVM. Emphasizes budgeting and financial risk management.
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Financial Markets, Institutions & Services
Provides an overview of the Indian financial system, including capital and money markets, financial institutions, and regulatory bodies like RBI and SEBI.
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Strategic Project Management & Portfolio Risk
Elevates project management to a portfolio level, focusing on strategic alignment, portfolio optimization, and inter-project risk management.
Semester IV: Integration & Strategic Application
The final semester focuses on applying knowledge to real-world scenarios through advanced courses in insurance, contract management, leadership, and analytics. Emphasis is placed on governance, compliance, and digital tools for risk management. The program concludes with a capstone Final Project & Dissertation.
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Commercial Property and Liability Insurance
Explores fire, engineering, and liability insurance products. Includes business interruption, D&O, cyber liability, and policy interpretation.
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Contract Management and Procurement Risk
Covers contract types, tendering, risk allocation clauses, and supply chain risk. Emphasizes EPC/FIDIC models and dispute mitigation.
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Insurance & Reinsurance Management
Focuses on underwriting, claims, solvency, and reinsurance structures. Differentiates between proportional and non-proportional treaties.
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Leadership & Negotiation Workshop
Experiential course on leadership styles, team dynamics, and negotiation strategies. Includes role-plays and simulations.
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Governance, Risk, and Compliance (GRC)
Integrates corporate governance, regulatory compliance, and risk frameworks. Emphasizes ethics, internal controls, and audit mechanisms.
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Technology and Tools for Risk Management
Introduces data analytics, visualization tools (e.g., Power BI), and machine learning applications in project and risk management.
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Final Project & Dissertation
A capstone project applying integrated knowledge to a real-world problem, culminating in a dissertation and professional presentation.
An enriching environment
Class Profile
Join a dynamic community of experienced engineering professionals committed to transforming the project landscape through advanced expertise in risk management, project execution, and insurance solutions.
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6
Average number of courses per semester
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20
Average number of credits per semester
Dr. K V Prasad, Head-Executive Education
An alumnus of NICMAR, with a Master’s degree (By Research) & PhD in Lean Construction Management from the Vellore Institute of Technology (VIT), has over 17 years of professional experience and is passionate about imparting quality education. His interest areas include Project Risk Management, Public-Private Partnerships, Estimation, Mass Rapid Transit Systems, Lean Construction Management, Building Information Modeling and Digitization, Special Construction Methods etc.
Prior to joining NICMAR in 2020, he was associated with Hindustan Construction Company Limited (HCC) for nearly 13 years. He has published several research papers in various journals of repute, and also has authored a book – “Building Big: Art of Passionately Delivering World Class Infrastructure Projects”.
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Admission Requirements
- Educational Qualification: A regular bachelor’s degree in an Engineering discipline from a recognized institution or an equivalent qualification.
- Work Experience: A minimum of 3 years of valid professional work experience is required.
- Selection Process: Admission is subject to qualifying a written test and a personal interview conducted by the university.
Your trajectory towards an eminent leader in CRIP sector
Career opportunities
Upon completion of the E-MBA in Project Risk Management and Insurance programme, participants can pursue the following career paths
| Career |
|---|
| - Project Risk Manager - Insurance and Reinsurance Specialist - Enterprise Risk Manager (ERM) - Project Manager (PMP/Agile) - Contract and Procurement Manager - Claims and Underwriting Manager - Governance, Risk, and Compliance (GRC) Consultant - Risk Analytics and Technology Consultant - Infrastructure Finance Specialist - Leadership Roles in Risk and Insurance Firms |
FAQs
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How is the programme conducted? Can the programme be pursued remotely?
The programme is designed to be highly interactive and industry-oriented, combining conceptual learning with practical application. Sessions are delivered through a blend of classroom lectures, case studies, simulations, and hands-on exercises facilitated by experienced faculty and industry experts. The programme is primarily conducted in-person mode to ensure immersive engagement, peer learning, and live interaction with faculty.
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How are the assessments conducted?
Assessments are conducted through a mix of assignments, case studies, quizzes, presentations, and project work. Continuous evaluation ensures participants can apply concepts to real-world scenarios and demonstrate professional competency. Semester end examinations shall be in physical mode held at NICMAR University of Construction Studies.
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Is there a campus immersion component in the programme?
Yes. The programme includes a campus immersion (once in each semester) module to provide participants with hands-on learning, peer interactions, and direct engagement with faculty and industry experts. During this period, participants attend workshops, case discussions, simulations, and project activities on campus. This immersive experience helps develop practical skills, networking, and a deeper understanding of complex project scenarios.
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What are the class timings?
The classes are conducted on Sundays at campus, usually from 9 am to 5 pm.
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What happens when I miss a class? Can I get in touch with
the faculty?
Participants are encouraged to reach out to the faculty for clarifications or guidance during designated consultation hours or via email. The programme promotes continuous engagement and ensures that learning support is available even outside classroom sessions.
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How are the course materials provided?
The respective faculty teaching a course shall send soft copies of lecture materials, case studies, papers, and presentations by e-mail and/or upload the same in the learning management system portal. No hard copies of the material shall be provided/couriered.
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Is there any placement assistance for the program?
This programme is designed to upskill working professionals, enhance their domain expertise, and enable them to explore alternative or advanced career paths within the industry. As it focuses on professional development rather than campus recruitment, formal placement assistance is not provided. However, participants may benefit from networking opportunities and industry interactions during the programme.
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Will the participants be considered as NICMAR Alumni and
can they visit the campus?
Upon successfully completing the programme, the participants shall be considered the Executive Alumni of NICMAR Hyderabad and can visit the campus with the ID card provided at any time.
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