Introduction:

ISO 31000 is the international standard for risk management, providing guidelines and principles for designing, implementing, and maintaining a risk management framework. It applies to all types of organizations and helps decision-makers understand and manage risks systematically to enhance performance, ensure resilience, and support strategic objectives. This training program introduces participants to the ISO 31000 framework and equips them with the knowledge and tools to apply risk management practices effectively across various organizational contexts.

Program Objectives:

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

• Understand the principles, framework, and process outlined in ISO 31000.

• Identify, assess, and treat organizational risks in a structured manner.

• Establish a risk management policy aligned with institutional goals.

• Integrate risk management into strategic planning and decision-making.

• Promote a risk-aware culture to support organizational resilience and sustainability.

Target Audience:

• Risk Management Officers and Consultants.

• Compliance and Governance Professionals.

• Strategy and Planning Managers.

• Internal Auditors and Control Officers.

• Operations and Quality Managers.

• Executive Leadership and Department Heads.

Program Outline:

Unit 1:

Overview of ISO 31000 and Risk Management Principles:

• Introduction to ISO 31000: purpose, scope, and application.

• Core principles of risk management: integrated, structured, customized, inclusive.

• Understanding risk in the context of uncertainty, impact, and likelihood.

• Benefits of implementing an organizational risk management system.

• Linking risk management to governance, compliance, and strategic direction.

Unit 2:

Risk Management Framework and Organizational Integration:

• Elements of the ISO 31000 framework: leadership, integration, design, evaluation.

• Developing a risk management policy and objectives.

• Assigning roles, responsibilities, and resources for risk oversight.

• Integrating risk management into organizational processes and decision-making.

• Communication and reporting structures for risk governance.

Unit 3:

The Risk Management Process:

• Step-by-step overview of the ISO 31000 risk process.

• Establishing the context: internal, external, and risk criteria.

• Risk identification techniques and tools.

• Risk analysis and evaluation: qualitative and quantitative methods.

• Risk treatment options and decision-making.

Unit 4:

Monitoring, Review, and Continual Improvement:

• Monitoring risk controls and assessing effectiveness.

• Periodic review of the risk management framework and process.

• Learning from incidents, near-misses, and emerging risks.

• Documenting risk registers, action plans, and treatment records.

• Feedback mechanisms and promoting a culture of continuous improvement.

Unit 5:

Implementation Strategy and Risk Culture Development:

• Roadmap for implementing ISO 31000 in various sectors.

• Performing a gap analysis and defining priorities.

• Training, awareness, and stakeholder engagement.

• Integrating ISO 31000 with other standards (e.g., ISO 9001, ISO 22301).

• Building a risk-aware organizational culture and sustaining performance.