ISO 31000 — Risk Management System

The standard is structured into principles:

• 11 attributes of Risk Management,
  • a framework with five components (mandate, plan, implementation, checks and improvement) and
  • Process
    (communication and consultation, context, risk assessment, treatment and monitoring)

The ISO 31000 Risk Management training course helps participants to acquire the knowledge necessary and ability to integrate the risk management guidelines of ISO 31000 in an organization. It provides information with regard to the risk management principles and their application, as well as the core elements of the risk management framework and steps for a risk management process. In addition, it provides the basic approaches, methods, and practices for assessing risk in a wide range of situations.

Upon completion of the training course, one can sit for the assessment and apply to obtain the LICQual Certified ISO 31000 Risk Manager certificate. The certificate demonstrates the knowledge and ability of the learner to apply the risk management process in an organization based on the guidelines of ISO 31000 and best practices

This training is meant for:

• 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

Learning objectives

By the end of this training course, the participants will be able to:

• Demonstrate understanding of risk management principles, as formulated in ISO 31000.
• Establish, maintain, and continually improve a risk management framework, in accordance with ISO 31000 guidelines.
• Establish, maintain, and continually improve a risk management framework, in accordance with ISO 31000 guidelines.

Educational approach

• The training course is based on theory and best practices used in risk management.
• Lecture sessions are illustrated with practical examples.
• The participants are encouraged to communicate and engage in discussions and exercises
• The exercises are similar in structure with the certification exam questions

Prerequisites

• A fundamental understanding of ISO 31000 and comprehensive knowledge of risk management.

Training Lesson plan:

Day 1: Introduction to ISO 31000 and risk management and establishing the risk management framework
Day 2: Initiation of the risk management process and risk assessment based on ISO 31000
Day 3: Risk treatment, recording and reporting, monitoring and review, and communication and consultation according to ISO 31000

Assessment and CA Credits

Comprehensive assessment is made up of 35 multiple-choice questions, 2 short essay questions and 10 true or false questions.
Assessment duration: 1 hour 30 mins
Participants who complete this course will receive a Certificate of Attendance from our training organization and 3 hours of risk management continuing education credits which are recognized in the actuarial, health and safety, banking, insurance, security fields and others.

Course Outline

• Risk Management fundamentals
  • Definition
  • Principles for managing risks in the workplace
  • Risk Management Process
• Risk Management framework
  • Communication and consultation
  • Identification of Risk
  • Analysis and evaluate of risks
  • Framework and process described in ISO 31000:2018
• Risk based thinking, structure of ISO 31000 standard
  • Use ISO 31000:2018 key terms
  • Importance and benefits of ISO 31000:2018
  • Correlation between ISO 31000, IEC/ISO 31010 and other standards and regulatory frameworks
• Risk Management and future trends
  • Key challenges and imperatives to manage risk
  • How to establish an effective risk communication plan
• Mitigation and monitoring of risks
  • Methods and techniques used to manage risk within an organization
  • How to establish a risk recording and reporting process
  • Ways to effectively manage and monitor risk based on best practices
• Business and risk management trends
  • Leadership role in managing risk at all levels
  • How to interpret the ISO 31000 principles
  • Role of Management in achieving objectives and improving performance in risk management

Why LICQual UK

At LICQual UK we’re driven to deliver professional and engaging education, from basic life support information to specialist skills for healthcare professionals. We believe it’s so important that we all have the right tools for the job we do. That doesn’t just apply to the equipment we use but the skills and the education we need to utilise them properly. Especially when it concerns saving lives.
We offer industry best regulated and custom designed courses covering CPR, first aid and other OHS trainings. We’re here to make sure your business or organisation comply with all the legal requirements and safety regulations set out by current legislation.
LICQual UK – Fast and reliable services
LICQual UK provides high quality assessment materials and documentation, which are free with registration. Our pricing is competitive, and we issue results and certificates much faster than most other awarding organisations. We also have the pride of our strong customer support.
LICQual UK – Popular and trusted services
LICQual UK courses and qualifications are delivered by approved centres across the UK and overseas. They’re also being delivered throughout the community by employers, workplaces and private training providers, so you don’t have to be a formal education institute to deliver our courses.
LICQual UK – Experienced and dedicated services
We’re are highly experienced and a one-stop shop. LICQual UK courses are well-respected because our team has expertise and experience in developing, designing and providing training courses at different level