ISO 31000:2018 Risk Management Certification

Course Curriculum

Module 1: Introduction to ISO 31000:2018 Risk Management Architecture

Understanding Risk Management and ISO 31000:2018’s Focus on Objectives: Learn the core principles of risk management and how ISO 31000:2018 focuses on integrating risk management with organizational objectives to create a risk-aware culture that drives decision-making.

The Importance of Risk Management and Its Historical Development: Explore the evolution of risk management practices, from their origins to the modern frameworks. Understand why effective risk management is crucial in mitigating threats and capitalizing on opportunities.

Applications of Risk Management: Gain insight into how risk management is applied across various sectors and industries, ensuring the identification, assessment, and mitigation of risks to maintain business continuity and success.

Contrasting Voluntary and Mandatory Frameworks: Understand the difference between voluntary and mandatory risk management frameworks. Learn how organizations can adopt frameworks like ISO 31000 on a voluntary basis, versus those mandated by regulators.

Industry-Specific versus Generic Standards: Discover the distinction between industry-specific standards, which cater to unique sector needs, and generic standards like ISO 31000, which offer flexible guidelines applicable across all industries.

Module 2: Exploring the Standard

Engaging Employees in Goal-Focused Risk Management: Learn how to engage employees at all levels in goal-focused risk management, fostering a culture where everyone is aware of and responsible for managing risks in line with the organization’s strategic objectives.

Introduction to ISO 31000:2018: Get an overview of the ISO 31000:2018 standard, its principles, and how it provides a structured approach to risk management that can be applied universally across all types of organizations.

Scope of the Standard: Understand the scope of ISO 31000:2018, including its broad applicability to any organization, regardless of size or industry, to implement risk management processes that enhance decision-making and resilience.

Key Terms and Definitions: Familiarize yourself with essential ISO 31000:2018 terminology, such as risk, risk management framework, and risk treatment, providing a foundation for a clear and consistent approach to managing risks.

Defining Risk and Addressing Conflicting Objectives: Learn how risk is defined within the context of ISO 31000 training, and explore strategies for addressing conflicting objectives, balancing risk and opportunity to meet organizational goals.

Comprehensive Breakdown of Risk: Dive into a detailed understanding of risk, exploring its various dimensions, including risk identification, assessment, treatment, and monitoring, and how to apply this knowledge in real-world scenarios.

Module 3: The Eight Principles

Examining the Eight Principles of Risk Management: Explore the eight principles that form the foundation of effective risk management according to ISO 31000 Certification. These principles ensure a systematic and proactive approach to managing risks in organizations.

Identifying Internal Risk Factors: Learn how to identify internal risk factors, such as organizational structure, culture, and processes, that could impact risk management efforts and affect overall business performance.

Analyzing the Eight Principles in Depth: Gain a deeper understanding of how each of the eight principles applies in practice, focusing on their relevance and application in real-world risk management scenarios and decision-making processes.

Module 4: Developing Your Risk Management Framework

Constructing Your Own Risk Management Framework: Learn how to design and implement a customized risk management framework tailored to your organization’s unique needs, ensuring comprehensive risk identification, assessment, and mitigation across all operations.

Becoming a Change-Driven Leader: Understand the role of a change-driven leader in risk management, and how leading by example and fostering a culture of continuous improvement can enhance risk management processes and overall organizational resilience.

Guidelines for Building the Framework: Gain practical insights into the key steps and best practices for building an effective risk management framework, covering areas such as risk appetite, governance, and alignment with strategic business objectives.

Considering Internal and External Context: Explore how both internal (organizational structure, culture, and resources) and external (market trends, regulatory environment) factors influence the development of a robust risk management framework.

Resource Allocation for Risk Management: Learn how to allocate the necessary resources, including personnel, tools, and technologies, to effectively implement and maintain a risk management framework that delivers tangible results.

Implementation of the Framework: Understand how to execute the risk management framework within your organization, ensuring all stakeholders are aligned and committed to identifying, managing, and mitigating risks effectively.

Evaluating the Effectiveness of Your Framework: Learn how to assess and monitor the effectiveness of your risk management framework, using key performance indicators (KPIs) and regular reviews to ensure it adapts to new risks and continues to add value.

Module 5: The Risk Management Process

Understanding Risk Management's Three Steps: Gain an overview of the three-step process of 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.

Course Details

What I Will Learn?

ISO 31000 Course curriculum is subjected to delivering a deep understanding of:

Simplifying the task of monitoring complex situations that require important decisions to be made towards a structured approach of identifying and judging risks

Providing comprehensive guidelines that will help your organization strengthen its decision-making process and overall management.

Developing, implementing and continuously improving a framework that aims to integrate Risk Management strategies

Providing a common approach to Risk Management processes in support of standards dealing with specific risks

Eligibility

You are eligible for ISO 31000 Certification Course if you belong to any of these following fields

Information security practitioners

Business continuity practitioners

Chief information security officer

Management representative of Management Systems (ISMS, BCMS)

Management consultants (ISMS, BCMS)

Core group members responsible for establishing, implementing, maintaining, auditing and improving Management Systems (ISMS, BCMS)

Professionals who play a role in the implementation of Management Systems (ISMS, BCMS)

Pre Requisites

There are no such prerequisites for ISO 31000 Risk Manager Certification. Although, knowledge about the following subjects is recommended

Management Systems (ISMS and BCMS)

Understand the Plan-Do-Check-Act (PDCA) Cycle

Process of Risk assessment

Business Impact Analysis and Risk Assessment

Approach to ISMS and BCMS

Continual improvement of ISMS, BCMS, and the making of modifications as appropriate

Knowledge on ISO/IEC 27001 standard

Knowledge on ISO 22301 standard

Training Delivery Style

This ISO 31000 Training focuses on experimental learning. The material of ISO 31000 course is divided into 60-90 minutes of interactive sessions.

Not only this, if you are participating, expect yourself to get indulged with interesting group activities. By this, you will get a chance to put the theory into action.

ISO 31000 Training will be nothing like any ordinary training you imagine. We follow a vast range of creative methodology which will allow you to wrack your grey matter and boost your energy up to participate.

The key features of our ISO 31000 training program would be:

Training sessions in a storytelling format

Exhibition of concepts with the help of professional examples

Self-analysis and group discussions

Case studies as the application of the concepts which were taught

Vibrant presentations along with individual and team activities

Post-training reading suggestions

Training Faculty

ISO 31000 Risk Manager training will be conveyed by certified coaches. Our trainers for ISO 31000 course are exceptionally experienced experts with 16+ long periods of industry encounter and have prepared in excess of 7000 IT professionals.

Their core expertise includes:

ISO 27001

ISO 20000

ISO 22301

GDPR

Cyber Security

Information Security

Lean

Six Sigma

Quality Management

Total Quality Management

Some of their achievements are as follows:

ISO 20000 Lead Auditor

ISO 22301 Lead Auditor

ISO 27001 Lead Auditor

Six Sigma Green Belt

Six Sigma Black Belt

PRINCE2 Agile Practitioner

PMP Professional

Scrum Product Owner

Lean Implementer

GDPR Auditor

ISO 31000 Risk Manager

Key Benefits

After the completion of ISO 31000 training session, participants will have access to the following benefits:

Gain competitive advantage – enhanced risk management will support achieving goals and objectives

Reduce costs through proper risk management

Respond to change effectively and find viable solutions

Create and protect the value

Increase the likelihood of achieving objectives

Productively identify the opportunities and threats

Identify and mitigate the risk throughout the organization

Gain stakeholder confidence and trust

Create a consistent basis for decision making and planning

ISO 31000:2018 Risk Manager FAQs

What are the prerequisites to enroll in the ISO 31000 Risk Manager training?

There are no strict prerequisites, but some experience in risk management, business continuity, or IT management is recommended to better understand the training content and apply the concepts effectively.

Will I get access to recorded sessions and study materials?

Yes, we offer access to recorded sessions, study materials, and reference guides that can be revisited for exam preparation or ongoing learning after completing the course.

What prior knowledge of ISO standards is recommended for this training?

Familiarity with basic ISO standards, particularly ISO 9001 (Quality Management) and ISO 27001 (Information Security Management), will be helpful, but ISO 31000 is accessible to all, including beginners. The course is designed to explain all key principles and guidelines.

What training formats are available (online, classroom, corporate)?

The training is available in online, classroom, and corporate formats. Online options include both live instructor-led and self-paced learning, while classroom training provides interactive in-person sessions. Corporate training is customizable to meet organizational needs.

Is the training delivered as instructor-led or self-paced sessions?

The training is available in both instructor-led and self-paced formats, depending on your preferred learning style and schedule. Instructor-led sessions offer real-time interaction, while self-paced modules provide flexibility to study at your own pace.

Are training sessions available on weekends?

Yes, we offer weekend sessions to accommodate professionals who are balancing work and training. These are typically available in classroom or live online formats.

How long does the training program last?

Our training program lasts 2 days for instructor-led training, and is flexible for self-paced learning.

What topics are usually covered in ISO 31000 Training?

The training covers the core principles of risk management, the ISO 31000 framework, risk identification, assessment techniques, risk treatment, risk monitoring and review, and how to align risk management with organizational goals.

Does the curriculum include case studies or practical exercises?

Yes, our ISO 31000 training programs include real-world case studies, scenario-based exercises, and practical applications to help participants understand how to implement risk management processes in actual business settings.

Is the training aligned with the latest ISO 31000:2018 guidelines?

Yes, the course is aligned with ISO 31000:2018, covering the latest updates to the standard, including new risk management principles and guidelines for continuous improvement in organizations.

How does ISO 31000 Training help professionals manage risk more effectively?

ISO 31000 Training equips professionals with the knowledge and tools to identify, assess, and treat risks effectively. It helps in building a structured risk management framework, ensuring organizations can proactively address potential risks and improve decision-making processes.

Are ISO 31000 Training programs designed for specific industries?

No, ISO 31000 training programs are not designed for specific industries; the ISO 31000 standard itself provides universal guidelines for risk management that are applicable to any organization, regardless of its size, type, or sector.

Is ISO 31000 Training beneficial for executives and decision-makers?

Absolutely. ISO 31000 Training is highly beneficial for executives, senior managers, and decision-makers, as it helps them understand organizational risks, make informed decisions, and align risk management with business strategy for improved performance and resilience.

Are study materials provided after training sessions?

Yes, training providers typically provide study materials, handouts, and access to a learning portal with resources such as presentations, templates, and recorded sessions for further study.

How can I reschedule a training session if I miss one?

Rescheduling policies vary by provider. At NovelVista, we offer flexible rescheduling options, allowing you to attend a future session or access recorded content if you miss a live session.

Do you offer batch transfers if I am unable to attend my scheduled training?

Yes, batch transfers are offered by NovelVista. If you cannot attend your scheduled session, you can transfer to another available batch, depending on availability and provider policy.

Are there corporate or group discounts available?

Yes, corporate or group discounts are often available for organizations registering multiple participants.

How much does ISO 31000 Training typically cost?

The standard fee for ISO 31000 Risk Manager training at NovelVista is approximately ₹30,000 (around $400 USD). Promotional discounts may reduce the fee to ₹25,000 (around $333 USD), depending on current offers.

How can I register for the ISO 31000:2018 Risk Manager certification program?

You can register for the ISO 31000 Risk Manager certification program by enrolling through accredited training providers like NovelVista, offering courses aligned with the standard. The registration typically involves completing the training course and then applying for the certification exam.

Which certification body issues the ISO 31000 Risk Manager Certification?

The ISO 31000 Risk Manager certification is issued by accredited certification bodies, such as GSDC (Global Skill Development Council) or other authorized institutions, ensuring compliance with ISO 31000 guidelines.

Is the ISO 31000 Risk Manager certification internationally recognized?

Yes, the ISO 31000 Risk Manager certification is internationally recognized, as it adheres to the ISO 31000:2018 Risk Management standards used globally for risk management practices.

Is the certification aligned with ISO 31000:2018 international guidelines?

Yes, the ISO 31000 Risk Manager certification is fully aligned with the ISO 31000:2018 guidelines, focusing on the international best practices for risk management in organizations.

Can this certification be verified by employers?

Yes, the certification can be verified by employers through the issuing certification body or via online databases maintained by the accredited body to confirm the certification status.

What is the validity period of the ISO 31000 Risk Manager certification?

ISO 31000 Risk Manager certification is typically valid for 3–5 years, after which recertification is required to maintain the credential.

How often should the certification be renewed?

The ISO 31000 Risk Manager certification needs to be renewed every 3–5 years to ensure continued compliance with the evolving standards in risk management.

What is the process and cost for renewal?

The renewal process involves completing Continuing Professional Development (CPD) activities and submitting proof of recent risk management experience or training. Renewal costs vary but typically range from $200 to $500 USD (approximately ₹15,000 to ₹37,000 INR).

Does this certification provide continuing professional development (CPD) credit?

Yes, the ISO 31000 Risk Manager certification provides CPD credit for ongoing professional development activities, which contribute toward recertification and career growth.

How many attempts are available to clear the exam?

At NovelVista, you are allowed 2 attempts to pass the ISO 31000 Risk Manager exam within the certification period. After 2 failed attempts, a waiting period may be required before reattempting.

What is the format of the ISO 31000 Risk Manager certification exam?

The exam consists of multiple-choice questions designed to assess knowledge of the ISO 31000:2018 risk management standard and its application. The questions test understanding across all aspects of risk management, including principles, framework, and processes.

How many questions are there in the exam, and what is the passing score?

The ISO 31000 Risk Manager certification exam typically includes 40–50 multiple-choice questions, with a passing score of 65%. This means you need to answer at least 26–35 questions correctly.

Is the exam conducted online or in a test center?

At NovelVista, we offer the ISO 31000 Lead Auditor Certification from GSDC (Global Skill Development Council), featuring an online, non-proctored exam for your convenience.

When will I get my exam results?

Exam results are usually available immediately after completing the online exam or within 5–6 days if taken at a test center. You will receive your results via email or through the certification body’s online portal.

What level of work experience in risk management is recommended before attempting the certification?

It is recommended to have at least 2-3 years of experience in risk management or related fields before attempting the certification. This experience will help you understand the practical application of ISO 31000 and its principles.

Can individuals apply for ISO 31000 Certification, or is it only for organizations?

ISO 31000 certification is for individuals who want to demonstrate their knowledge and skills in risk management. It is not limited to organizations but can be applied to anyone aiming to manage or oversee risk management functions within organizations.

What documents are required for ISO 31000 Certification?

Required documents typically include proof of training completion, work experience records, and an application form. Organizations may need to provide risk management policies, risk assessments, and evidence of their risk management framework implementation.

How does ISO 31000 Certification improve organizational resilience?

ISO 31000 Certification improves organizational resilience by implementing a structured risk management framework that helps organizations identify, assess, and mitigate risks, ensuring that they are better prepared for disruptions, manage uncertainty effectively, and recover quickly from crises.

How can ISO 31000 Certification give a competitive advantage in the market?

ISO 31000 Certification showcases a robust risk management system managed by Risk Managers, building trust and credibility with stakeholders. It highlights a proactive approach to risk, differentiating the organization from competitors and opening up new business opportunities.

What are the key modules covered in the ISO 31000 Risk Manager course?

The course covers key modules such as risk management principles, frameworks, risk assessment techniques, risk treatment, monitoring and review, and continual improvement of the risk management system aligned with ISO 31000:2018.

Does the ISO 31000 Course include industry examples?

Yes, the ISO 31000 course includes industry-specific examples, case studies, and real-world scenarios to help participants understand how to apply risk management principles across different sectors such as finance, healthcare, and manufacturing.

What are the learning outcomes of an ISO 31000 Course?

After completing the course, participants will be able to develop, implement, and monitor a risk management system, conduct risk assessments, manage risk treatment strategies, and apply ISO 31000 principles effectively within their organization.

Which professionals benefit most from the ISO 31000 Course?

Risk managers, business continuity managers, IT professionals, project managers, and executives involved in organizational risk management and decision-making will benefit the most from this course.

What level of risk management experience is recommended before taking an ISO 31000 Course?

A basic understanding of risk management is helpful, but the course is open to both beginners and professionals. However, having some prior experience in risk management or related fields will enhance your understanding and practical application during the course.

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