Mastering the Implementation of Risk Management under ISO 31000

ISO 31000 Training
Course Overview

This five-day intensive course enables participants to master the necessary skills and expertise to support an organization in implementing a risk management framework based on ISO 31000. Participants will be able to understand and apply main concepts, methods for the implementation of a risk management framework, principles of the ISO 31000 risk assessment, risk treatment options, risk communication, risk monitoring and review.

Course Objectives

Upon successful completion of this course, students will have the skills necessary to:
•   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

Target Audience

•   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.

Prerequisites

Knowledge on Risk Management is preferred.

Course Contents

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

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
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

Duration: 5 Days

Cost: £1450 + VAT

Mastering the Implementation of Risk Management under ISO 31000 Training Scotland.