Certified ISO31000 Lead Risk Manager Training

 

Brit Certifications and Assessments (BCAA) is a leading UK based certification body. This CB is formed to address the gap in the industry in IT and IT Security sector. The certification body leads in IT security and IT certifications, and in particular doing it with highly pragmatic way.

 

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R A C E Framework

 

The Read - Act - Certify - Engage framework from Brit Certifications and Assessments is a comprehensive approach designed to guarantee optimal studying, preparation, examination, and post-exam activities. By adhering to this structured process, individuals can be assured of mastering the subject matter effectively.

 

 

Commencing with the "Read" phase, learners are encouraged to extensively peruse course materials and gain a thorough understanding of the content at hand. This initial step sets the foundation for success by equipping candidates with essential knowledge and insights related to their chosen field.

 

Moving on to the "Act" stage, students actively apply their newfound expertise through practical exercises and real-world scenarios. This hands-on experience allows them to develop crucial problem-solving skills while reinforcing theoretical concepts.

 

“Certify” stage is where you will take your examination and get certified to establish yourself in the industry. Now “Engage” is the stage in which BCAA partner, will engage you in Webinars, Mock audits, and Group Discussions. This will enable you to keep abreast of your knowledge and build your competence.

 

ISO31000

 

The ISO 31000 standard is an international framework for risk management that provides guidelines to help organizations identify, assess, and manage risks systematically and effectively. Below are the key aspects of ISO 31000:

 

Purpose and Scope

 

- Purpose: ISO 31000 aims to help organizations manage risks that can impact their objectives, whether they are strategic, operational, or project-specific. It is applicable to any organization, regardless of size, industry, or sector.

- Scope: The standard is designed to be flexible and adaptable, allowing organizations to apply it across all processes, functions, and levels. It is not industry-specific and can be used by public, private, or non-governmental entities.

 

Key Components

 

ISO 31000 is structured around three main components:

1. Principles:
- The standard outlines principles that ensure effective risk management. These include integration into organizational processes, being systematic and structured, addressing uncertainty, inclusivity of stakeholders, and continual improvement.
- Examples of principles:
- Risk management should create and protect value.
- It must be dynamic and responsive to change.
- It should use the best available information while considering human and cultural factors.

2. Framework:
- The framework provides the organizational structure necessary for implementing risk management effectively.
- Key elements include leadership commitment, integration into governance and strategy, resource allocation, and continuous improvement.
- The framework follows the Plan-Do-Check-Act (PDCA) cycle for iterative development.

3. Process:
- The process involves a systematic approach to managing risks through steps such as:
- Establishing the context (internal and external factors influencing risks).
- Identifying risks (sources of risk and potential events).
- Analyzing risks (assessing likelihood and consequences).
- Evaluating risks (comparing against criteria to prioritize).
- Treating risks (developing strategies to mitigate or exploit risks).
- Monitoring, reviewing, and communicating throughout the process.

 

Benefits

 

- Provides a structured approach to managing uncertainty.
- Enhances decision-making by integrating risk management into governance and strategy.
- Improves operational efficiency by identifying threats and opportunities early.
- Builds stakeholder confidence by demonstrating robust risk management practices.

 

Updates

 

The latest version of ISO 31000 (2018) emphasizes strategic guidance, involvement of senior management, and integration of risk management into organizational culture. It was last reviewed and confirmed in 2023.

 

Agenda:

 

Day 1: Introduction to ISO 31000 and Risk Management

 

- Training Objectives and Structure: Overview of the course and its objectives.
- Introduction to ISO 31000 Concepts:
- Key principles of risk management.
- Understanding the ISO 31000 framework and process.
- Standards and Terminology:
- Definitions related to risk management.
- Importance of aligning with ISO standards.
- Case Studies: Practical examples to illustrate concepts.

 

Day 2: Establishing the Risk Management Framework

 

- Governance and Framework Design:
- Defining roles, responsibilities, and accountability in risk management.
- Setting up internal and external contexts.
- Scope, Context, and Risk Criteria:
- Identifying stakeholders and their involvement in the process.
- Defining risk evaluation criteria.
- Risk Identification:
- Techniques for identifying strategic, financial, compliance, and operational risks.

 

Day 3: Risk Analysis, Evaluation, and Treatment

 

- Risk Analysis Techniques:
- Methods for analyzing risk likelihood and impact.
- Risk Evaluation:
- Prioritizing risks based on magnitude and organizational objectives.
- Risk Treatment Options:
- Developing strategies to mitigate or control risks effectively.
- Integration into Organizational Processes:
- Aligning risk treatment with business practices.

 

Day 4: Recording, Reporting, Monitoring, and Communication

 

- Risk Recording and Reporting Processes:
- Documentation best practices for risk management activities.
- Monitoring and Review:
- Setting performance indicators for continual improvement.
- Identifying emerging risks and adapting strategies accordingly.
- Communication and Consultation:
- Developing a communication plan to engage stakeholders effectively.
- Closing Session:
- Summary of key learnings and preparation for certification exam.

 

Exams

 

The Training is followed by Group Discussion and Subjective exam for three hours.

 

Contact

 

BRIT CERTIFICATIONS AND ASSESSMENTS (UK),
128 City Road, London, EC1V 2NX,
United Kingdom enquiry@bcaa.uk

 

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