ISO 31000 Risk Management System: Foundation

Course Overview

This course enables participants to learn about the best practices in Risk Management as specified in ISO 31000. The participant will learn the essential concepts and processes that are considered most effective in risk management. This training will help participants understand an optimal risk assessment and manage risks in time by being familiar with their life cycle.

Who should attend?

• Members of a Risk Management team
• Risk managers
• Project managers
• Professionals wanting to gain a comprehensive knowledge of the main concepts and processes in Risk Management
• Auditors

Learning objectives

• To understand Risk Management in accordance with ISO 31000
• To understand the relationship between the components of Risk Management and the compliance with the requirements of different stakeholders of an organization
• To know the concepts, approaches, standards, methods and techniques allowing to effectively manage risk
• To acquire the necessary knowledge to contribute in managing risk as specified in ISO 31000

Course Agenda

Day 1: Introduction to Risk Management concepts as required by ISO 31000

• Introduction to Risk Management
• Introduction to Risk Management standards, frameworks, and methodologies
• Fundamental principles of Risk Management
• General requirements: presentation of the clauses 4 and 5 of the ISO 31000 standard

Day 2: Implementing requirements from ISO 31000 and Certification Exam

• Implementation phases of the ISO 31000 framework
• The Risk Management processes
• Conducting an ISO 31000 audit
• Certification Exam

Prerequisites

None

Educational approach

• This training is based on both theory and practice:
  • Sessions of lectures illustrated with examples based on real cases
  • Review exercises to assist the exam preparation
  • Practice test similar to the certification exam
• Benefit from the practical exercises, the number of training participants is limited