The standard: ISO 31000:2018 Risk management — Guidelines.

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ISO 31000:2018 is an enterprise risk management standard designed to help large and small public and private organizations to effectively manage the risks associated with their operations. Effective risk management strategies can be applied to risks with both potentially positive and negative impacts on the business.

 

By understanding the opportunities and challenges presented by risks, you can improve your bottom line and avoid negative financial and legal impact on your business.

 

In this two days intensive course, participants develop the competence to master a model for implementing risk management processes throughout their organization using the ISO 31000:2018 standard as a reference framework. Based on practical exercises and discussions, participants acquire the necessary knowledge and skills to perform an optimal risk assessment and manage risks in time by being familiar with their life cycle. During this training, the ISO 31000:2018 general risk management standard, the process model it recommends, and how companies may use the standard, and its companion risk assessment tools document ISO 31010 are presented.

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Topics coverage

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Basics of risk management

• What is a risk?

• Types of risk

• Categories of risk

• Understanding risk scenarios

• Differentiation of types of risks

• Risk treatment actions

 

Introduction, risk management program, risk identification and assessment according to ISO 31000:2018

• Concepts and definitions related to risk management

• Risk management standards, frameworks and methodologies

• Implementation of a risk management program

• Understanding an organization and its context

• Risk identification and risk analysis

 

Risk evaluation, treatment, acceptance, communication and surveillance according to ISO 31000 and ISO 31010

• Risk evaluation and risk treatment

• Acceptance of information security risks and management of residual risks

• Risk communication

• Risk monitoring and review

• Risk assessment tools recommended in ISO 31010

 

Risk management principles

• The foundation of risk management – Principles as per ISO 31000:2018

• How each of the principles contribute to the risk management process as a fundamental component

• How principles are applied in various contexts

Risk management framework

• What is involved in the risk management framework

• The lifecycle phases of risk management framework

• How the risk management framework is aligned to PDCA

• How to write a risk management policy?

 

Risk management process

• The process steps recommended by ISO 31000:2018

• How the steps contribute to the effective risk management

• Is risk management process steps sequential?

• When does an organization perform risk management process?

 

How to contextualize the risk management process enterprise wide?

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Every enterprise has a need to manage risk at every level in their organisations. 

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This course provides with a comprehensive knowledge on how ISO 31000 can be effectively used to create, maintain and improve a risk management system (RMS) in an enterprise.

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What you will learn?

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After completing this course you will be able to analyze all aspects of your organization including your goals, operational structure, processes, products/services, assets and projects. You will learn the risk management principles and guidelines of ISO 31000, to enable you to:

• Identify, evaluate and react to opportunities and threats  

• Improve your operational efficiency through proactive risk management

• Improve loss prevention

• Apply an increased understanding of health, safety and environmental regulations 

• Improve the resilience of your operation when faced with challenges of any kind

 

• To understand the concepts, approaches, methods and techniques allowing an effective risk management according to ISO 31000

• To understand the relationship between the risk management and the compliance with the requirements of different stakeholders of an organization

• To acquire the competence to implement, maintain and manage an ongoing risk management program according to ISO 31000

• To acquire the competence to effectively advise organizations on the best practices in risk management

 

Why you should get qualified as a CRM?

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1. To understand in a systematic manner the requirements of a PIMS

2. To assure a structured PIMS is in place in the organisation

3. To acquire a formal knowledge on privacy auditing

4. To prepare an organisation to face a privacy audit per ISO/IEC 27701 

5. To demonstrate your capability as a PIMS Professional

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Who should attend?

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• Risk managers

• Executive level stakeholders – CEO, CFO, HR Head, CTO, CIO

• Business Process Owners

• Business Finance Managers

• Business Risk Managers

• Regulatory Compliance Managers

• Project Management Personnel

• Persons responsible for information security or conformity within an organization

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Delivery approach:

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This training is based  on both theory and practice:

• Sessions of lectures illustrated with examples

• Practical exercises based on various scenarios

 

What you get?

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• Course material - e-version

• Training session delivered by an eminent instructor who is also a risk practitioner

• Certification examination

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Course delivered online as instructor led live virtual course or class room session. Delivered across the globe. 

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Prerequisite:

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• Nil

 

Examination

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Multiple Choice, 40 Questions

Exam duration: 60 Minutes

Exam mode: Paper based or online remotely proctored. 

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Contact for further details. See the schedule here.

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© ISO 31000:2018 Copyright ownership is with International Organisation for Standardisation

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