Mastering the Implementation of Risk Management under ISO 31000

 

Summary

This five-day intensive course enables participants to develop the necessary expertise and knowledge to support an organization in implementing risk as specified in ISO 31000. Participant will be able to understand main concepts, and methods for the implementation of risk management, 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

Examination and Certification

  • The “PECB Certified ISO 31000 Lead Risk Manager” exam fully meets the requirements of the PECB Examination and Certification Program (ECP). The exam covers the following competence domains:
    • Domain 1: Fundamental principles and concepts in risk management
    • Domain 2: Management of a risk programme
    • Domain 3 : Risk assessment based on ISO 31000
    • Domain 4 : Risk treatment  based on ISO 31000
    • Domain 5: Risk communication, consultation, monitoring and review based on ISO 31000
  • The “PECB Certified ISO 31000 Lead Risk Manager” exam is available in different languages (the complete list of languages can be found in the examination application form)
    Duration: 3 hours
    For more information about the exam, refer to PECB section on ISO 31000 Lead Risk Manager Exam
  • After successfully completing the exam, participants can apply for the credentials of PECB Certified ISO 31000 Lead Risk Manager, depending on their level of experience
    A certificate will be issued to the participants who successfully pass the exam and comply with all the other requirements related to the selected credential
  • For more information about ISO 31000 certifications and PECB certification process, refer to the PECB section on ISO 31000 Lead Risk Manager

General information

  • Exam and certification fees are included in the training price
  • A student manual containing over 450 pages of information and practical examples will be distributed to the participants
  • A participation certificate of 31 CPD (Continuing Professional Development) credits will be issued to the participants
  • In case of failure of an exam, the participants are allowed to retake the exam for free under certain conditions
  • ISO 31000 and IEC/ISO 31010 provide guidance for risk management to which organizations cannot get certified against