Certified ISO31000 Risk Manager Training
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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 Establishing the Risk Management Framework
Session 1: Training Course Objectives and Structure
- Overview of course objectives, structure, and certification process.
- Introduction to ISO standards and their significance.
- Discussion on the economic and human impact of disasters and the evolving risk landscape.
Session 2: Understanding Standards
- Overview of ISO 31000, ISO/TR 31004, IEC 31010, and related standards.
- Historical development of ISO 31000 and its predecessor AS/NZS 4360.
- Exploration of risk management best practices.
Session 3: Key Concepts of ISO 31000
- Definitions of risk, uncertainty, opportunity, threat, and event.
- Risk types and their relationship to organizational objectives.
Session 4: ISO 31000 Principles, Framework, and Process
- Application of risk management principles.
- Designing and implementing a risk management framework.
- Understanding the risk management process.
Session 5: Establishing Governance
- Leadership commitment in risk management.
- Integration of the framework into organizational processes.
- Continuous evaluation and improvement of the framework.
Day 2: Initiation of Risk Management Process and Risk Assessment
Session 6: Scope, Context, and Risk Criteria
- Defining scope and objectives for risk management.
- Establishing context and determining risk criteria.
Session 7: Risk Identification
- Identifying risks, assets, sources, and evaluating existing controls.
- Techniques for effective risk identification.
Session 8: Risk Analysis
- Selecting approaches for risk analysis.
- Assessing consequences, likelihoods, and determining risk levels.
- Reviewing analysis outcomes using various techniques.
Session 9: Risk Evaluation
- Comparing risks against established criteria.
- Prioritizing risks for treatment based on evaluation results.
Exams
The Training is followed by 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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