Risk and Compliance Management
ISO 31000: Principles and Framework for Risk Management
Please select a city/session before registration.
About this program
ISO 31000 offers internationally accepted principles and frameworks for managing risk, suitable for all industries and sectors. It focuses on proactive risk identification, integration with governance structures, and ongoing enhancement to foster resilience and sustainability.
This training covers the principles, frameworks, and processes of ISO 31000, including risk identification, analysis, evaluation, treatment, monitoring, and communication. Participants will gain insights into aligning ISO 31000 with corporate strategy, governance, and regulatory compliance frameworks.
At EuroQuest International Training, the program combines interactive lectures, practical case studies, simulations, and workshops to equip participants with the skills needed for effective ISO 31000 implementation and alignment with organizational objectives.
Key outcomes
- Explain the principles and guidelines of ISO 31000 risk management
- Develop and implement risk management frameworks aligned with ISO standards
- Identify, analyze, and assess risks within an organization
- Utilize risk treatment and mitigation strategies effectively
- Enhance governance, oversight, and compliance mechanisms
- Incorporate ISO 31000 into strategic planning and daily operations
- Continuously monitor and evaluate risk management effectiveness
- Integrate ISO 31000 practices with ESG and sustainability initiatives
- Conduct global benchmarking of ISO 31000 implementations
- Improve crisis preparedness based on ISO frameworks
- Effectively communicate risk management strategies to stakeholders
- Create comprehensive long-term risk management plans
Who should attend
- Professionals in risk management and compliance
- Governance and assurance personnel
- Senior executives and board members
- Internal auditors and regulatory officials
- Consultants specializing in ISO frameworks and risk management
Course outline
Unit 1: Overview of ISO 31000
- Fundamental principles and aims of ISO 31000
- Scope and advantages of ISO risk management frameworks
- Case examples of ISO 31000 implementation
- Interactive session on ISO awareness
Unit 2: Fundamental Principles of ISO 31000 Risk Management
- Essential principles underpinning ISO risk management
- Incorporating risk into governance frameworks
- Connecting risk principles with organizational strategy
- Collaborative exercise on aligning principles
Unit 3: Structuring the Risk Management Framework
- Creating ISO 31000-compliant risk frameworks
- Embedding frameworks within corporate governance
- Leadership and stakeholder roles in risk management
- Hands-on framework development activity
Unit 4: Overview of the Risk Management Process
- Risk management process according to ISO 31000
- Primary phases: risk identification, analysis, evaluation, and treatment
- Developing organized risk management processes
- Workshop focused on process mapping
Unit 5: Techniques for Risk Identification and Analysis
- Methods for detecting risks throughout operations
- Qualitative and quantitative approaches to risk analysis
- Simulation exercises on risk mapping and prioritization
- Team activity on identifying risks
Unit 6: Approaches to Risk Evaluation and Treatment
- Assessing risks based on criteria and tolerance levels
- Choosing suitable risk treatment options
- Weighing costs, benefits, and risk appetites
- Practical exercise in risk evaluation
Unit 7: Processes for Monitoring and Review
- Ongoing monitoring systems within ISO 31000
- Tools to assess control effectiveness
- Mechanisms for reporting and accountability
- Workshop on implementing review processes
Unit 8: Stakeholder Communication and Consultation
- Involving stakeholders in ISO risk management activities
- Frameworks for effective communication
- Case study focusing on stakeholder-led risk approaches
- Group dialogue on communication tactics
Unit 9: Integrating Governance and Compliance
- Harmonizing ISO 31000 with compliance obligations
- Connecting ISO risk management to governance and assurance
- Creating oversight mechanisms for ISO implementation
- Simulation exercise on governance-centered risk management
Unit 10: Incorporating ESG within ISO 31000
- Embedding sustainability principles into risk management
- Addressing climate and social risks through ISO frameworks
- Reporting ESG-related risks using ISO 31000
- Workshop on aligning ESG and risk management
Unit 11: International Best Practices in ISO Risk Management
- Comparative analysis of ISO 31000 adoption globally
- Insights from multinational corporations
- Customizing practices to fit organizational needs
- Group discussion on global experiences
Unit 12: Final Project on ISO 31000 Risk Application
- Collaborative project applying ISO 31000 frameworks
- Executing risk identification and mitigation
- Presenting ISO 31000 strategies to leadership
- Developing a final organizational adoption plan