Risk Management System

ISO 31000:2018 Risk Management

Risk is present in every aspect of our life, from mundane everyday activities such as choosing a route to work, to complex corporate decisions such as opening a manufacturing plant in a different country. Much effort was put over the past decades to better understand risk and its nature, which led to the creation of methodologies and approaches that enable individuals and organizations to make accurate decisions based on logical reasoning.

One of the most distinguished frameworks to address risk is provided by ISO 31000, an international standard that incorporates principles, proven practices, and guidelines on managing risks faced by organizations.

Learning objectives

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

  1. Demonstrate understanding of risk management principles, as formulated in ISO 31000
  2. Establish, maintain, and continually improve a risk management framework, in accordance with ISO 31000 guidelines
  3. Apply the risk management process, in accordance with ISO 31000 guidelines
  4. Plan risk recording and reporting processes, as well as risk communication activities
  5. Monitor, review, and improve the risk management framework and process based on the outcomes of risk management activities

An ISO 31000 certification demonstrates that you have the necessary competencies to support an organization in creating and protecting value. In addition, it shows that you can assist organizations in establishing a risk strategy, achieving strategic objectives, and making informed decisions.