ISO 31000 Risk Management Fundamentals Training Course

This 1-day practical course explores risk and the role of risk management in areas across the organisation. Interactive workshops enable students to practise applying a risk assessment process within a central case study, and decide on appropriate risk treatment and control.

Upon completion of the course delegates will have a sound awareness of how their organisation can apply the guidelines in ISO 31000 to better identify opportunities and threats, make effective use of resources to control risk, and improve the company’s risk management performance.

This course is suitable for a wide range of roles, including:

• directors and senior managers responsible for overall policy and business planning
• those involved in corporate governance programmes, business risk management and business continuity
• internal auditors who wish to understand ISO 31000, its use and implementation
• line and project managers who need to ensure that they are effectively managing risk
• R&D managers and engineers
• QA, H&S and environmental managers and those with overall responsibility for the organisation’s management system
• members of multi-discipline design teams and design review teams
• sales and marketing management
• product, project, and programme managers

Topics covered on the course include:

• the resilient organisation
• definitions of risk and risk management
• overview of ISO 31000:2018
• the importance of culture, communication and behaviour in seeking an effective risk management structure
• enterprise risk management (ERM)
• risk management:
  • framework and process
  • responsibilities
  • accountabilities
  • performance measures
• comparing an organisation’s current risk management arrangements with ISO 31000 principles
• alignment between risk management policy and the organisation
• risk attitude – pursue, retain or avoid with respect to risk appetite and tolerance
• principles of business continuity management and implementation in accordance with ISO 22301 and 27031
• barriers to risk management implementation
• risk reporting and the limitations of risk reporting tools and methodologies

The following represents an indicative agenda for this 1-day risk management training course:

• WELCOME AND INTRODUCTIONS
• Module 1 The Background to Risk Management
• Workshop 1 Risk within an Organisation – Establishing Context
• Module 2 The Risk Management Process
• Module 3 Risk Assessment: Identifying Risk
• Module 4 Risk Assessment: Risk Analysis; Risk Evaluation
• LUNCH
• Workshop 2 Risk Analysis and Evaluation
• Module 5 Risk Treatment
• Workshop 3 Risk Treatment – Options and Decision-Making
• Module 6 Risk Ownership
• Module 7 Monitoring, Reporting and Review
• Module 8 Techniques for Risk Assessment
• Workshop 4 Discussion: Risk Assessment Techniques
• REVIEW AND CLOSE