Therefore, managing risks effectively helps organizations to perform well in an uncertain commercial and economic environment and evolving global marketplace.

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ISO 31000 (with the associated Annex SL) provides clarity and uniformity in risk management terminology, principles and process. It is applicable to any type of risk and is being implemented by public and private sector organisations of all kinds worldwide.

 

This 2-day training course:

• Focuses on the application of Risk to Management Systems

• Covers the basic principles and approaches of managing risks and opportunities, based on the guidelines of ISO 31000

• Covers the following elements of ISO 31000, such as risk management: terms and definitions, principles, framework, and process.

 

Each step of the risk management process is analysed and explained in detail.

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The training provides delegates, such as Management Representatives and people responsible for implementation and maintenance of business management systems, the tools and techniques that will enable the effective integration of ISO 31000 in their risk management methods and systems.

 

Course Summary

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This course enables delegates to learn about:

• Internationally recognised best practices in Risk Management, as specified in ISO 31000 standard

• Concepts and processes in risk management.

• Characteristics of a risk assessment, and the timely mitigation of risks during their lifecycle.

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Course Purpose

 

The course purpose is to ensure that delegates have achieved sufficient understanding of the following:

• ISO 31000 concepts and processes

• Risk lifecycle and the RM processes and techniques used to mitigate risks and prevent them from materialising and negatively impacting an organisation

• How to contribute in the risk management efforts an organisation adopting the ISO 31000 standard.

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Who Should Attend

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This course is for those requiring an introduction to the Risk Management framework according to ISO 31000 standard, especially those involved in the design, implementation, maintenance and improvement of management systems, such as quality management system (QMS), environmental management system (EMS), etc.

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The course has been designed after taking into consideration the job role and needs of the following:

• Risk Managers and team members involved in the implementation and maintenance of a Risk Management framework, based on the guidelines of the ISO 31000 standard. These delegates will gain maximum benefit from this training.

• Management Representatives and people responsible for business management systems

• Those aspiring to assume roles in Risk Management

• Those in middle to senior management may benefit from understanding:

  • How risk can be used as a management tool

  • How it affects their organization.

• Programme and Project Managers

• Professionals wishing to learn about the risk management framework and processes based on the ISO 31000 guidelines.

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Learning Objectives

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To understand the following:

• Concepts, approach, and methods required for effective Risk Management

• The interrelationship between the elements of RM to meet the requirements of internal and external stakeholders.

• What risk treatment is and how it works in various management systems.

• How to develop and implement a RM framework based on the ISO 31000 guidelines

• How to contribute in the RM efforts of an organisation adopting the standard.

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On course completion delegates should be able to:

• Explain what risk is, and how it is applied to management systems.

• Identify opportunities and threats within the organization.

• Apply the concepts of risk to management systems effectively.

• Apply the RM tools and techniques to identify and treat business risks.

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​Course Agenda and Content

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Day 1: Introduction to RM Concepts and the ISO 31000 Standard

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• Introduction to Risk Management

• Detailed explanation of the ISO 31000 clauses

• Initiation of the risk management process

• Overview of Risk Management standards and the regulatory framework

• Core principles of Risk Management.

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Day 2: Implementing an ISO 31000-compliant RM and Certification Exam

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• Project management phases of developing and implementing a RM framework i.a.w. the guidelines of ISO 31000

• RM processes and procedures: identifying, reporting and recording risks, risk assessment, impact analysis, risk treatment,
  monitoring and review, communication and consultation

• The RM framework audit

• Foundation Exam

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Prerequisites

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The following are general prerequisites for attending our training courses:

• Proficiency in the English language

• Consideration for other course participants

• Willingness to actively participate during the training sessions, and an open mind to learn new ways of working.

 

Training Approach

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The course covers both theory and practice:

• Slide-based training sessions, supported by examples

• Preparation for the Foundation exam

• Practice test (mock exam) simulating the certification exam.

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Examination

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Upon completion of the training course, you can sit for the exam and become Certified in ISO 31000 Foundation.

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Following are details of the ISO/IEC 31000 Foundation exam:

• Duration             45 min.

• Format               Closed book

• Nr of questions  30 multiple choice

• Pass mark          70% (21 correct answers).

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Competence Domains

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The Foundation exam covers the following domains:

• Fundamental principles and concepts of Risk Management

• Risk Management framework and processes

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Certification

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An ISO 31000 Foundation certificate will be issued to delegates who successfully pass the exam.

The certificate demonstrates that you understand the fundamental concepts and methodologies of risk management, based on the guidelines of ISO 31000.

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General Course Information

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For general course information please click on the link here.

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N.B. Please read our Terms & Conditions (T&Cs) and ask for clarifications, if any, before booking your training event.

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Book now to reserve an on-site or online instructor-led training event of your choice.

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For more details about our:

• List of training courses please click here.

• Consulting services please click here

• Workshops please click here.

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For queries, including non-obligation quotes, please contact us.

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