ISO 31000:2009 International Risk Management

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  • Fees : 2600 $
  • Date 21 Apr 2019
  • Location Abu Dhabi, English

International Risk Management – ISO 31000:2009

All organizations face uncertainty in meeting their objectives. Risk Management is a systematic framework and process for maximizing those areas where outcomes can be controlled while minimizing those that cannot be predicted and over which control cannot be exercised. BSI’s 1-day course on understanding Risk Management systems will give you the understanding you need to start managing the risks your organization faces.

After completion of this course, you will be able to describe the fundamentals, key principles and application of Risk Management to your organization.

BSI’s Understanding Risk Management course uses lectures, discussions and hands-on exercises to effectively achieve your objectives.

Business Benefits

  • Increased business resiliency
  • Flexibility of response to change
  • Understanding and management of risk

Learning Objectives

Upon completion of this training, participants will be able to:

  • Describe the fundamentals of Risk Management (RM)
  • Explain the fundamentals of a Risk Management system
  • Describe the relevance and context of ISO 31000
  • Outline the structure and purpose of ISO 31000
  • Elaborate on the key principles of ISO 31000
  • Identify key aspects and interrelationships of a Risk Management framework with the organization’s management system
  • Describe the Risk Management process
  • Outline a process for implementation of a RM framework

Intended Audience

This course is intended for managers and prospective implementers of risk management, and for stakeholders in such efforts.

Course Outline


This course covers the following topics:
  1. Introduction to the framework for managing risk
  2. What is risk and why manage it?
  3. The context in which risk must be managed
  4. AS/NZS ISO 31000:2009 as the foundation of an organisational risk process and language
  5. Terminology
  6. Introduction and Evolution of Risk Management Standards including the relationship with industry scheme standards
  7. Understanding the role of Risk Management including its relationship with Corporate Governance Reporting (CGR), Enterprise Risk Management (ERM) and other ISO standards
  8. Principles of Risk Management
  9. Eleven Principles of Risk Management
  10. Risk Management Framework and PDCA Cycle
  11. Establishing the Context, Risk Management Policy, Five Excellence Criteria and Associated Measures, Integration, Accountability, Resources, Communication and Reporting, and relationship between the components of the Risk Management Framework
  12. Risk Management Process
  13. Communication and Consultation, Establishing the Context, Risk Criteria, Risk Assessment, Risk Treatment and Monitoring and Review
  14. Risk Management Plan
  15. Risk Assessment, Risk Treatment Options, Controls, and Plan
  16. Attributes of Enhanced Risk Management
  17. Risk Management Indicators
  18. Resources, industry indicators and their role in evaluation Risk Management Techniques and ISO 31010
  19. Overview of Risk Assessment Techniques

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