ISO 31000, Risk management

Guidelines, provides principles, a framework and a process for managing risk. It can be used by any organization regardless of its size, activity or sector.
Using ISO 31000 can help organizations increase the likelihood of achieving objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment.
ISO 31000 cannot be used for certification purposes, but it does provide guidance for internal or external audit programmes. Organizations using it can compare their risk management practices with an internationally recognized benchmark, providing sound principles for effective management and corporate governance.

Who should attend?

Anyone responsible for managing or working with a management system that requires Risk Based Thinking should understand the global framework for risk management approach, as required by management systems. This includes the CASCO standards (ISO/IEC 17000 series), and management system standards such a ISO 9001, ISO 14001, and ISO 45001 etc. This two day training will give you valuable insights and tools to help you implement conform ant approaches in Risk Based Thinking.

OVERVIEW & OBJECTIVES

This training course is designed to provide a practical understanding of the global framework for risk management approach, as required by management system standards, such as ISO/IEC 17000 series, ISO 9001, ISO 14001, ISO 45001 etc.
This training is for use by people who create and protect value in organizations by managing risks, making decisions, setting and achieving objectives and improving performance. Organizations of all types and sizes face external and internal factors and influences that make it uncertain whether they will achieve their objectives. Managing risk is iterative and assists organizations in setting strategy, achieving objectives and making informed decisions.

Managing risk is part of governance and leadership, and is fundamental to how the organization is managed at all levels. It contributes to the improvement of management systems.

Managing risk is part of all activities associated with an organization and includes interaction with stakeholders.
Managing risk considers the external and internal context of the organization, including human behavior and cultural factors.
The course is based on industry best practice of risk management as described in ISO 31000:2018, the international standard that governs this issue. It contains the major subject areas related to risk management providing participants with a unique opportunity to obtain in-depth understanding of conformant risk approaches in management systems. The course also includes a detailed presentation on international Standardization, and Conformity Assessment practices, the evolution of risk management and its core risk principles, the risk framework design and application, and the attributes of enhanced risk management. Emphasis is on practical and pragmatic approaches, as opposed to only theoretical underpinnings.

On completion of the course delegates will be able to:
• Interpret and describe risk management principles;
• Use typical risk management templates (e.g. risk likelihood and risk consequences ranges, risk matrix and risk treatment plans
• Demonstrate knowledge and confidence in the implementation of principles and guidelines of a risk management system;
• Perform Risk Analysis, identifying, evaluating and categorizing risks;
• Introduce and implement a risk management program tailored to their respective organization;
• Understand the basics of Crisis Management