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.
Course Objectives
- 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 management theory, how and why it generates value.
- Undertaking risk and uncertainty – the knowledge paradigm
- Risk and behavior – the risk-aware mindset and risk appetite
- Opportunities and strategic planning
- Risk management for good corporate governance and operational excellence
- Competency requirement for risk management in business operations
- Terminologies, definitions and taxonomy of risks – strategic vs operational
- Standard measures of risk-estimating exposures, limits and decision-making
- Introduction to ISO3100:2018-riskmanagement framework and processes
- Understanding the context and clarifying objectives
- Risk identification
- Risk analysis
- Risk evaluation
- Selecting risk treatments
- Developing risk indicators and risk monitoring
- Risk reporting and risk communication-registers and dashboards
- Embedding risk managements in business and operations
- ISO31000:2018 vs COSO Enterprise Risk Management
Duration
- 2 Days
Who Should Attend
- Engineers, Executives and Managers
Certificate
- Certificate of Completion
Course Schedule
Date Available:
- 21 – 22 September 2026
