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.

• 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

• 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

• understand the fundamental components of risk management and how risk management is applied within a management system structure
• appreciate and recognise business risk as a whole rather than in isolation
• determine their organisation’s appetite and tolerance for risk
• use presentation and leadership skills to communicate risk management findings to all levels and stakeholders
• understand the basics of how risk management relate to crisis management, business continuity and other key business areas
• decide on the most appropriate controls or treatments of risk and identify appropriate risk assessment tools to use within their organisation
• effectively apply a risk management process to the management system and project/product lifecycles

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