ISO in the Sun: ISO 31000 Risk Manager (PECB)

This three-day course provides an overview to the generic principles of risk management based on ISO 31000:2018, and how to apply the same across an organisation, e.g. for operational or financial risk, the various risk-based management systems like IMS, QMS, EMS, SMS, BCMS, ISMS, OH&SMS etc.

Overview:
This three-day course enables participants to develop the necessary expertise to support an organisation in implementing risk management processes based on ISO 31000:2018.

The generic character of ISO 31000:2018 makes it applicable across organisations at subject matter as well as enterprise level.

ISO 31000:2018 provides a comprehensive model for any kind of management system, standard, operational or regulatory context requiring a risk-based approach, whether a formal risk management process is required or not.

Examples are ISO 9001:2015, ISO 14001:2015, ISO/IEC 20000-1:2018, ISO 22301:2019, ISO/IEC 27001:2013, ISO 45001:2018, SOX, revenue assurance, program and project management, data protection, GDPR etc.

The course consists of a mix of presentation, discussion and exercises based on real-world examples.

Outline:
Introduction to Risk Management per ISO 31000:2018
Concepts and Definitions relating to Risk Management
Risk Management Standards, Frameworks and Methodologies
Implementation of a Risk Management Framework
Understanding an Organization and its Context
Elements of the Risk Management Framework
Risk Identification
Risk Analysis and Risk Evaluation
Risk Treatment
Risk Acceptance and Residual Risk Management
Risk Communication and Consultation
Risk Monitoring and Review
Examples of Risk Assessment Methodologies
Overview to IEC 31010:2009
Brainstorming, DELPH
Hazard Analysis using HAZOP and HACCP
Scenario Analysis
Fault and Failure Analysis using FTA, FMEA and FMECA
Operations Management of the BCMS
Cause and Effect Diagram

Objectives:
Completion of this course will enable students to
Understand concepts, approaches, methods, tools and techniques for effective risk management according to ISO 31000:2018
Understand the relationship between risk management and requirements of interested parties
Implement, maintain and manage an ongoing risk management program
Advise organisations on best practices in risk management

Audience:
This course is aimed at students with (future) roles like:

Risk managers and Business process owners
Project managers, consultants and team members implementing and operating management systems
Regulatory compliance managers
Auditors requiring more risk management insight

Prerequisites:
General understanding of common business processes.

Some past exposure to risk management and / or management systems helpful, but not required.

Examination and Certification:
The course includes access to PECB's two-hour exam available in multiple languages to be taken online any time after the course (own laptop required). Exam and first year certification fees are included in the course fees.

This course is designed by PECB in Canada, who also mark the exam and issue respective certifications as per their criteria. PECB is a personnel certification body, accredited to ISO/IEC 17024:2012 by IAS. See www.pecb.com for full details.