This module covers the complete risk management process as per ISO 31000:2018, including risk identification, assessment, treatment, and monitoring. It equips learners with practical skills and insights, making it ideal for professionals enrolling in an ISO 31000 Course or pursuing a Risk Manager Certification to enhance their overall risk management expertise.

Understanding Risk Management's Three Steps: Gain an overview of the three-step process of ISO 31000 risk management, which includes contextualizing risk, conducting risk assessments, and implementing risk treatments to address identified risks.

Step 1 – Contextualizing Risk Management: Learn how to establish the context for risk management by understanding the organization’s internal and external environment, objectives, and risk appetite, ensuring alignment with business goals.

Defining Methods for Measuring Risk Criteria: Explore different methods for measuring risk criteria, such as risk likelihood, impact, and exposure, to ensure consistent and objective assessment of potential risks.

Step 2 – Risk Assessment: Understand how to conduct a comprehensive risk assessment, including the identification, analysis, and evaluation of risks to determine their potential impact on the organization.

Identifying Risks: Learn techniques for identifying risks across various areas of an organization, from operational and financial risks to IT and compliance-related risks.

Analyzing Risks (Part 1 and Part 2): Delve into the analysis of risks by determining their likelihood and impact, utilizing qualitative and quantitative approaches to prioritize risks based on severity.

Utilizing Heat and Bowtie Charts for Risk Visualization: Learn how to use heat charts and bowtie diagrams to visually represent risks, their potential impact, and the effectiveness of mitigation strategies, making risk data easier to understand and communicate.

Evaluating Risks: Understand how to evaluate the significance of identified risks, ensuring that resources are focused on addressing the most critical threats and aligning with organizational priorities.

Step 3 – Risk Treatment: Explore the various risk treatment options, including risk avoidance, reduction, transfer, or acceptance, and how to select the most effective strategy to manage each identified risk.

Exploring Various Options for Risk Treatment: Learn how to evaluate different treatment options and determine the most appropriate approach based on the nature of the risk and the organization’s risk appetite.

ISO 31000 Certification – Risk Manager Training Program

Training Calendar