Course Overview

This five-day intensive course enables participants to master the necessary skills and expertise to support an organization in implementing a risk management framework based on ISO 31000. Participants will be able to understand and apply main concepts, methods for the implementation of a risk management framework, principles of the ISO 31000 risk assessment, risk treatment options, risk communication, risk monitoring and review.

Who should attend?

  • Managers and implementers of risk management
  • Managers and implementers of risk management
  • Responsible individuals that need to ensure that they are effectively managing risk within an organization
  • Risk analyst and management officers
  • Line managers and project managers
  • Executive managers and line managers across all organizations, public and private
  • Professionals responsible for the development of standards, guides, procedures and codes of practice that show the way the risk is managed inside the context of these documents.

Learning objectives

  • Understand the basic concepts of risk management based on ISO 31000 and its principal processes
  • Understand the goal, content and correlation between ISO 31000 and IEC/ISO 31010 and other standards and regulatory frameworks
  • Master the concepts, approaches, standards, methods and techniques for the implementation and effective management of risk
  • Interpret the ISO 31000 requirements on risk management in a specific context of an organization
  • Develop the expertise to support an organization to manage and monitor a risk management program as specified in ISO 31000
  • Acquire the necessary skills to effectively advise organizations on the best practices in Risk Management
  • Strengthen the personal qualities necessary to act with due professional care when implementing a risk management programme

Course Agenda

Day 1: Introduction to ISO 31000 and risk management programme
  • Course objectives and structure
  • Concepts and definitions of risk
  • Standard and regulatory framework
  • Implementing a risk management framework
  • Context establishment
Day 2: Risk identification, assessment, risk evaluation and treatment according to ISO 31000
  • Risk Identification
  • Risk Analysis
  • Risk Evaluation
  • Risk Assessment with a quantitative method
  • Risk Treatment
Day 3: Risk acceptance, communication, consultation and monitoring according to ISO 31000
  • Risk Acceptance
  • Risk Communication and Consultation
  • Risk Monitoring and Review
  • Risk types
Day 4: Risk assessment methodologies according to IEC/ISO 31010
  • Risk management methodologies based on IEC/ISO 31010 (part 1)
  • Risk management methodologies based on IEC/ISO 31010 (part 2)
  • Competence, evaluation and closing the training
Day 5: Certification Exam

Prerequisites

Knowledge on Risk Management is preferred.

Educational approach

This training is based on both, theory and practice:
  • Practical exercises
  • Review exercises to assist the exam preparation
  • Exam preparation guides tests similar to the certification exam

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