Certificate in ISO 31000:2018 Risk Management

Start Date End Date Venue Fees (US $)
23 Nov 2025 Istanbul, Turkey $ 4,500 Register

Certificate in ISO 31000:2018 Risk Management

Introduction

Our understanding of risk and risk practices and frameworks is very important in how efficiently we shape our risk management model. Do we all understand the same when we use the same risk vocabulary? Is there consistency in our reports and risk management process? ISO 31000:2018 sets the international standard of Risk Management which may apply to all companies of all sizes in all industries. Application of its guidelines assists companies and Risk Officers to create and enhance their risk management frameworks with consistency and customization to their needs, in order to achieve their strategic and business objectives.

This course will enable the attendees to create, review and enhance their Risk Management Principles, their Risk Management Framework, and eventually their Risk Management Process, so as to identify opportunities, de-risk their companies, and protect the value of their organizations.

We live in a very unsettled world and the recent crisis is an additional confirmation that our lives and our organizations will be highly challenged. The highly dynamic global business environment combined with geopolitical shifts, rapidly emerging technologies, cyber threats, economic and financial market volatilities, tax reform, pandemics, social distancing, and other emerging developments create challenging conditions and tremendous opportunities for companies, shareholders, and stakeholders as they pursue to achieve their objectives. This highly complex portfolio of potential risks, if managed poorly, may have disastrous results, but if managed efficiently, may lead to opportunities and risk reduction. Our understanding of risk and risk practices and frameworks is very important in how efficiently we shape our risk management model. Do we all understand the same when we use the same risk vocabulary? Is there consistency to our reports and risk management process? ISO 31000:2018 sets the international standard of Risk Management which may apply to all companies of all sizes in all industries. Application of its guidelines assists companies and Risk Officers to create and enhance their risk management frameworks with consistency and customization to their needs, in order to achieve their strategic and business objectives. This course will enable the attendees to create, review and enhance their Risk Management Principles, their Risk Management Framework, and eventually their Risk Management Process, so as to identify opportunities, de-risk their companies, and protect the value of their organizations.

Objectives

    Aims of an incident investigation:

    • Gain a thorough understanding of the ISO31000:2018 guidelines
    • Understand the importance of ISO31000:2018 at all levels of business
    • Acquire key concepts in order to mitigate risks
    • Conduct a review of your company’s existing risk management process
    • Implement a risk management framework and process aligned with the ISO 31000:2018 guidelines

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practice. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

  • Chief Risk Manager and Risk Managers/Officers
  • Compliance Managers and Compliance Officers
  • Internal Auditors
  • Senior Management
  • Directors

Course Outline

Module 1: Introduction to ISO 31000:2018 and Definitions

  • Introduction to ISO 31000:2018
  • Why risks should be managed as per ISO
  • Terms and definitions of ISO 31000:2018
  • The benefits of risk management

Module 2: The ISO 31000 Risk Management Principles

  • What are the principles of ISO 31000:2018
  • Analysis of the 8 principles
  • How the principles influence the risk management framework and process

Module 3: The ISO 31000 Risk Management Frameworks

  • Purpose of the framework
  • How to develop a risk management framework
  • Analysis of the 6 elements of the framework

Module 4: The ISO 31000 Risk Management Process

  • Purpose of the risk management process
  • Risk management policy and procedures
  • Risk management practices
  • Characteristics of the process Business Cases: Deepwater Horizon (BP)

Accreditation

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