ISO 31000:2018 Risk Management
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ISO 31000:2018 Risk Management Course
Introduction:
Having a clear understanding of risk, risk practices, and frameworks is crucial for developing an effective risk management model. It is essential to ensure that everyone shares the same understanding when using risk-related terminology and that there is consistency in reports and the risk management process.
ISO 31000:2018 establishes the international standard for Risk Management, applicable to companies of all sizes and across all industries. By adhering to its guidelines, organizations and Risk Officers can create and enhance their risk management frameworks with consistency and customization to meet their specific needs. This standard helps companies align their risk management practices with their strategic and business objectives, enabling them to effectively manage risks and achieve their desired outcomes.
Course 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
Who Should Attend?
- Chief Risk Manager and Risk Managers/Officers
- Compliance Managers and Compliance Officers
- Internal Auditors
- Senior Management
- Directors
Course Outlines:
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
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
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
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)