ISO 31000 – Risk Management

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.

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.

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.

Overview & objectives

• International standardization and conformity assessment practices
• The evolution of risk management and its core risk principles
• Risk framework design and application
• The attributes of enhanced risk management

On completion of the course

• 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

Standards covered

• ISO 31000:2018