ISO 31000:2018 - Enterprise Risk Management Framework for Risk Leaders (Free Online Course With Certificate)

This free online ISO 31000 course teaches you the principles and fundamental concepts of risk management. You will understand the various terms included in the ISO GUIDE 73 on risk management, the relationship of various principles, frameworks and processes as well as the role of leadership in creating and managing risk management frameworks for different organizations.

This Free Online Course Includes:

• 1.5-3 Hours of Learning
• CPD Accreditation
• Final Assessment

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ISO 31000 is the international risk management framework standard for enterprises and corporations. This free online course empowers you to support and lead an organization and its team to robustly identify, comprehend and manage a risk process based on ISO 31000: 2018. You will learn risk management best practices that include the starting point for designing, implementing, monitoring, reviewing and continually enhancing the risk management process.

This interactive course explores the International Standard Organization’s (ISO) complex guidelines in a practical way and starts by introducing the 31000 standards. Its scope, definitions and various other applicable publications are discussed. Also included are other important terminologies of risk management that are listed in the ISO Guide 73:2009. Critical to the successful implementation of a risk management framework is the integration of it into an organization’s systems and processes. Stakeholder inclusion, continual improvement and leadership buy-in are all vital to ensure adequate resource allocation and effective implementation. The material covers all of these aspects and many more and practically demonstrates how a framework should be designed with specific provisions for evaluation and feedback. The next part covers risk management at different levels, which happens once the initial framework has been implemented. You will learn about communication and consultation, how to build inclusiveness in the teams involved in the implementation and the role of scope definition in the implementation process. Risk criteria play a vital role in the risk assessment process and once you learn about them, you will cover the decisions that need to be made as far as risk treatment options go and the many recommendations there could be.

This free online course is ideal for those in risk management roles or mid-to-senior management level employees who are key to strategic decision-making. Enrolling on this course will allow you to expand your knowledge and skills in the critical and sought-after area of risk management.

Module 1

Fundamentals of the Risk Management

In this module, you will be introduced to the ISO 31000:2018 Risk Management Standard. You will learn its purpose and scope, followed by the important terms and definitions in the Standard. After that, a collection of vocabulary regarding risk management is discussed, which can be found in the ISO GUIDE 73. Moreover, you will learn the basic principles and essentials of risk management.

Module 2

Risk Management Framework & Processes

In this module, you will learn the Framework (Clause - 5) of Risk Management together with the sub-clauses under it. Under the heading Framework, you will learn about the Leadership & Commitment roles. Moreover, the Integration, Design, and Implementation of the Framework are described too. After that, you will learn the Processes (Clause - 6) of Risk Management. You will understand the aims of Communication & Consultation, the processes of Risk Assessment and Risk Treatment, all under Clause - 6.

Module 3

Course assessment

What You Will Learn In This Free Course

• Define the ISO 31000:2018 risk management standard and its scope.
• Summarize the concept of risk management, its connection with human nature and the cultural aspect.
• State the terms and definitions in the standard.
• List the terms and definitions in the ISO GUIDE 73 regarding risk management.
• Describe the principles of risk management.
• Break down the risk management framework.
• Explain the framework's implementation, evaluation of its effectiveness and the considerations for continual improvement.
• Define the risk management process.
• Discuss the purpose and aims of communication, consultation, scope, context and criteria.
• Describe the process of risk assessment and risk treatment.

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