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ISO 31000:2009 Risk Management

ISO 31000:2009 Risk Management

ISO 31000:2009 Risk Management course is designed to equip management system professionals with the knowledge, skills, and awareness to apply a risk management process to their area or functional responsibilities.

This standard has been revised by ISO 31000:2018!

Regardless of your organization’s size or industry, understanding risk and how to manage risk is everyone’s responsibility and will ultimately help you and your organization achieve your core strategic objectives.

Risks affecting organizations can have consequences regarding economic performance and professional reputation, as well as environmental, safety and societal outcomes. Therefore, managing risk effectively helps organizations to perform well in an environment full of uncertainty.

ISO 31000:2009  Risk management – Guidelines, provides principles, framework and a process for managing risk. It can be used by any organization regardless of its size, activity or sector.

Using ISO 31000 can help organizations increase the likelihood of achieving objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment.

ISO 31000:2009 can be applied throughout the life of an organization, and to a wide range of activities, including strategies and decisions, operations, processes, functions, projects, products, services, and assets.

ISO 31000:2009 can be applied to any risk, whatever its nature, whether having positive or negative consequences.

It is intended that ISO 31000:2009 be utilized to harmonize risk management processes in existing and future standards. It provides a common approach in support of standards dealing with specific risks and sectors and does not replace those standards.

However, ISO 31000 cannot be used for certification purposes but does guide internal or external audit programmes.

Organizations using it can compare their risk management practices with an internationally recognized benchmark, providing sound principles for effective management and corporate governance.

You might be interested in other ISO Standards programs as a next step.

YOU WILL LEARN HOW TO

All organizations face uncertainty in meeting their objectives. As a proven methodology, risk management is a systematic framework and process for maximizing those areas where outcomes can be controlled while minimizing those that cannot be predicted and over which control cannot be exercised.

Strategic Axis course on understanding risk management will provide the foundation you need to start managing your organization’s risks effectively.

After completion of this course, you will be able to describe the fundamentals, fundamental principles and application of risk management to your organization.

IMPORTANT COURSE INFORMATION

Certification

Participants who fully attend this course and complete the test on the last day will receive a Strategic Axis Professional Certificate (SAPC). SAPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

Additionally, participants can pass the PECB exam in Strategic Axis office to obtain an international certificate.

COURSE OUTLINE

Modules

Module 1: ISO 31000:2018 Framework

The risk management vocabulary as defined by ISO 31000

The benefits of risk management in all organizations

The ISO 31000 Risk Management principles and how they influence the risk management framework and process

Module 2: The risk management process

  • Risk identification, risk analysis, risk evaluation, and risk treatment
  • Risk assessment tools recommended in ISO 31010
  • Risk communication
  • Risk monitoring and review
  • A practical workshop on implementing ISO 31000 in your organization

Module 3: Risk management - the business benefits

Understanding the organization and its context

Establishing a risk management policy

Ensuring accountability, authority and appropriate competence for risk management

Integrating risk management into organizational processes

Allocating adequate resources

Developing internal and external communication and reporting mechanisms

 

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