Quality Management, Governance and Auditing
ISO 31000: Fundamentals of Risk Management
Please select a city/session before registration.
About this program
ISO 31000 offers globally accepted principles and guidelines for managing risks across organizations regardless of their size or type. This ISO 31000: Risk Management Principles and Guidelines Training Course equips participants with the skills to apply the standard’s framework to enhance decision-making, protect value creation, and support strategic goals. Through the use of case studies, hands-on workshops, and collaborative discussions, learners will gain expertise in identifying risks, assessing their consequences, and systematically implementing controls. The course further demonstrates how ISO 31000 integrates with other governance, compliance, and performance management systems. Upon completing this training, participants will be prepared to foster a risk management culture and apply ISO 31000 best practices to drive continuous enhancement.
Course benefits
- Obtain a comprehensive understanding of the principles and guidelines set forth by ISO 31000.
- Acquire skills to identify, evaluate, and manage risks within organizations.
- Improve decision-making capabilities amid uncertainty.
- Enhance organizational governance, compliance measures, and accountability.
- Promote resilience and long-term sustainability within the organization.
Key outcomes
- Understand the core concepts and advantages of ISO 31000.
- Implement the risk management process including identification, assessment, treatment, and monitoring.
- Formulate approaches to embed risk management in decision-making processes.
- Enhance communication and stakeholder consultation throughout risk activities.
- Coordinate ISO 31000 with corporate governance and compliance frameworks.
- Cultivate a culture that emphasizes risk awareness and responsibility.
- Equip organizations for ongoing advancements in risk management practices.
Who should attend
- Professionals involved in risk management.
- Officers specializing in compliance and governance.
- Senior executives and strategic planners.
- Internal auditors and managers focused on quality assurance.
Course outline
Unit 1: Overview of ISO 31000 and Risk Management Fundamentals
- Objectives and coverage of ISO 31000.
- Fundamental principles and key terminology.
- Advantages of implementing risk management.
- Practical examples showcasing ISO 31000 application.
Unit 2: Developing the Risk Management Framework
- Governance structures and accountability mechanisms in risk management.
- Incorporation with organizational operations.
- Defined roles and obligations.
- Constructing a framework consistent with ISO 31000 standards.
Unit 3: Steps in the Risk Management Process
- Detection of risks and opportunities.
- Approaches to risk evaluation (qualitative and quantitative).
- Strategies and options for risk treatment.
- Procedures for monitoring and reviewing risk.
Unit 4: Risk Communication, Consultation, and Reporting
- Enhancing stakeholder participation in risk management.
- Best practices for effective communication.
- Systems for risk reporting.
- Ensuring transparency and responsibility.
Unit 5: Integrating and Enhancing Risk Management Practices
- Fostering a risk-aware organizational culture.
- Connecting risk management with strategic goals and outcomes.
- Ongoing refinement of risk management processes.
- Harmonizing ISO 31000 with other ISO standards.