Risk Management Based On ISO 3100:2018

Risk Management Based On ISO 3100:2018

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

Learning Outcomes

• Understand key terms, risk environment, goals, classifications, assessment methods, and benefits for organizations, the economy, and society.
• Demonstrate awareness of why risk management is needed and recognize good practices within a structured framework.
• Identify various risks faced by organizations and explain strategies or solutions to manage or reduce those risks.
• Understand and apply the process of identifying, analyzing, and evaluating risks systematically.
• Describe different types of these risks, their potential positive and negative impacts, and key measures like Key Risk Indicators (KRIs) to monitor and control them.

Course Contents

• _{Introduction to general risk managementtheory, how and why it generates value.}
• _{Undertaking risk and uncertainty – theknowledge paradigm}
• _{Risk and behavior – the risk-awaremindset and risk appetite}
• _{Opportunities and strategic planning}
• _{Risk management for good corporategovernance and operational excellence}
• _{Competency requirement for riskmanagement in business operations}
• _{Terminologies, definitions and taxonomyof risks – strategic vs operational}
• _{Standard measures of risk-estimatingexposures, limits and decision-making}
• _{Introduction to ISO3100:2018-riskmanagement framework and processes}
• _{Understanding the context andclarifying objectives}
• _{Risk identification}
• _{Risk analysis}
• _{Risk evaluation}
• _{Selecting risk treatments}
• _{Developing risk indicators and riskmonitoring}
• _{Risk reporting and risk communication-registers and dashboards}
• _{Embedding risk managements inbusiness and operations}
• _{ISO31000:2018 vs COSO Enterprise RiskManagement}

Duration

_{2 days}

Course Method

• _{Theory Class}
• _{Practical/ Hands-on}
• _{Exercise/ Quiz}

Who Should Attend

_{Engineer, Executive, and Managers}

Certificate

_{Certificate of Completion}