ISO 31000 Risk Management

Course Overview

All organizations face uncertainty in meeting their objectives. But with good decision making, you can add value and protect your organization. Organizations that manage risks effectively are more likely to protect themselves and succeed in growing their business. The challenge for any business is to integrate good practice into their day-to-day operations and apply it to the wider aspects of their organizational practice. That’s where ISO 31000, the best practice risk management guidelines, can help.

ISO 31000 enables organizations to identify the potential risks that could hinder the achievement of business objectives. It will also help them to determine the significance of risks and decide which risks should be mitigated first to achieve the objectives before they affect the business, and effectively keep all other risks under control.

This unique training course will  provide you with the international standard of the CAN/CSA-ISO 31000 – Risk Management as an integral part of overall management and decision-making. It provides guidelines on managing any type of risk in any business activity. Participants will learn how to implement the standard and integrate risk management into an organization’s governance and management systems.

This course will cover the risk management principles which are the foundation for managing risk, and guides organizations in developing a risk management framework by:

• Integrating risk management into organizational structures
• Designing a framework for managing risk that fits the organization’s context
• Implementing the risk management framework
• Evaluating the effectiveness and continually improve the suitability and adequacy of the risk management framework
• Demonstrating leadership and commitment (top management)

Course Objectives

By the end of this Newage course, delegates will be able to understand:

• Understand the principles, framework and process described in ISO 31000:2018
• Explain the key challenges and imperatives to manage risk
• Create and protect value in your organization by managing risks, making decisions, settling and achieving objectives and improving performance
• Assist your organization in setting strategy, achieving objectives and making informed decisions
• Understand governance and leadership role in managing risk at all levels

Target Audience

Everyone involved in in the planning, implementation, maintaining or supervising of an ISO 31000 risk management framework( as Senior Management, risk managers,  Auditors, Consultants, Analysts, Lawyers, accountants, regulator or advisor of product/services, marketplace/exchange) would benefit from this course, and for all the following :

• Professionals, sustainability directors, executives & professionals who have an interest in risk management.
• Managers or consultants responsible for the effective management of risk in an organization
• Individuals seeking to gain knowledge about the risk management principles, framework, and process
• Individuals responsible for the creation and protection of value in their organizations
• Individuals interested in pursuing a career in risk management

Training Methodology

This training course will combine presentations with interactive practical exercises, facilitated discussions, supported by video materials, activities, examples, and case studies.

Pre & Post course assessments will be used to measure the effectiveness of this training and measure the skill and ability of participants.