Risk Management Based on ISO 3100:2018-Foundation

Risk Management Based on ISO 3100:2018-Foundation

ISO 31000:2018 – Risk Management Guidelines provides the standard reference for individuals and organizations to improve their decision-making processes and implement best practices in managing and operating their business activities. Risk management is an important building block for the growth and sustainability of any organization.

This course is an introductory survey of risk management concepts and techniques. Delegates will be introduced to the different types of business risks, their sources, and best practices for assessing and treating risks. Delegates will also explore the history and development of risk management as a science, and financial and business trends that have shaped the practices of risk management. By the end of the course, delegates will have the essential knowledge to measure, assess, and manage risk in their organization.

Participants will receive a Certificate of Successful Completion as opposed to a certificate of Attendance, upon passing the minimum 25 MCQ test, if selected.

Learning Outcomes

• Describe essential risk management terms, the risk management environment, objectives and goals, classifications, basic risk assessment measures, and risk management benefits for organizations, the economy, and society.
• Demonstrate critical knowledge and systematic understanding of the overall context of the need for, and good practices in risk management.
• Describe forms of risk facing organizations, and risk management strategies and solutions to counter those risks.
• Demonstrate understanding of risk assessment methodology.
• Describe the different types of operational and strategic risks, their potential negative – as well as positive outcomes, and basic measures, such as Key Risk Indicators (KRIs)

Course Contents

Day 1

• Module 1 – Introduction to general risk management theory, how and why it generates value
• Module 2 – Undertaking risk and uncertainty – the knowledge paradigm
• Module 3 – Risk and behavior – the risk-aware mindset and risk appetite
• Module 4 – Risk, opportunities, and strategic planning
• Module 5 – Risk management for good corporate governance and operational excellence
• Module 6 – Competency requirements for risk management in business operations
• Module 7 – Terminologies, definitions, and taxonomy of risks – strategic vs operational
• Module 8 – Standard measures of risk – estimating exposures, limits and decision-making

Day 2

• Module 1 – Introduction to ISO31000:2018 – risk management framework and processes
• Module 2 – Understanding the context and clarifying obejctives
• Module 3 – Performing risk assessment – risk identification
• Module 4 – Performing risk assessment – risk analysis
• Module 5 – Performing risk assessment – risk evaluation
• Module 6 – Selecting risk treatments
• Module 7 – Developing risk indicators and risk monitoring
• Module 8 – Risk reporting and risk communications – registers and dashboards
• Module 9 – Embedding risk management in business and operations
• Module 10 – ISO3100:2018 vs COSO Enterprise Risk Management

Duration

2 days training

Course Method

• Theory Class & Examination

Who Should Attend

• Those who needs to understand risk management and the role it plays in their area of operations (business side)
• Those involved in strategy and decision-making (managers and above)
• Anyone who wishes to enter the risk profession.
• Anyone looking for a refresher to enhance their knowledge.
• Those involved in assurance functions and ISO-based management systems (risk management/middle office/assurance functions)

Certificate

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