ISO 31000 Foundation

Audience
The course is suitable for people with responsibility or interest in risk management, who want basic knowledge of risk management. It is relevant for managers, employees in management, advisors, project managers, quality managers, compliance officers or others who will contribute to risk management, internal control or decision-making in an organization. It is also relevant for those who want to develop competence to assess risks and opportunities in their own business or manage the organization's values through better risk management.

Learning objectives
Participants will learn the basic concepts and principles of risk management as set out in ISO 31000, including definitions of risk, risk sources, consequences, probability, risk assessment, risk management and evaluation. They should understand the structure of a risk management framework, how the organization can build a framework for managing risk, as well as the process of risk management: identification, analysis, evaluation, treatment, reporting, monitoring and communication. The course also provides insight into how risk management can be integrated into business decision making and organizational management.

After completing the course you will be able to

• Explain key concepts and principles in risk management according to ISO 31000
• Explain the structure of a risk management framework and understand how such a framework can be built in an organization
• Describe and apply the main steps of the risk management process: identification, assessment, treatment, reporting, monitoring and communication
• Contribute to the organization's systematic identification, assessment and management of risks and opportunities
• Support decision-making with knowledge of risk and contribute to making risk management an integral part of the organization's governance