ISO 31000:2018 is an international standard designed and formulated to help organizations implement a robust Risk Management System. Examples of risk include damage to reputation or brand, economic downturn, political risk, cyber crime (e.g. ransomware), infectious diseases (e.g. COVID-19) and terrorism.

The ISO 31000 standard helps organizations develop a risk management strategy to effectively identify and mitigate risks, thereby enhancing the likelihood of achieving their objectives and increasing the protection of their assets. Its overarching goal is to develop a risk management culture where employees and stakeholders are aware of the importance of monitoring and managing risk.

This presentation can be used to brief your employees, stakeholders and project teams so as to create awareness of risk management best practices. The process can also serve as a useful outline to help you create a risk management plan.

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NOTE: This training package includes:
1. ISO 31000:2018 training presentation (PowerPoint format)
2. Risk Register template (Excel format)
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LEARNING OBJECTIVES

1. Understand the concept of risk as the uncertainty on objectives.
2. Understand risk management principles, framework and process in the context of a Risk Management System.
3. Appreciate the value of ISO 31000 as the benchmark for best practice in managing risk.

CONTENTS

1. Introduction & Key Concepts of ISO 31000
About ISO
What are standards?
What standards are not
Why are standards important?
What is ISO 31000?
The ISO 31000 family
Scope of ISO 31000
Key focus of ISO 31000
Objectives of ISO 31000
What is "risk"?
Examples of risk
Definition of risk
Why do we need to be aware of risk?
What do we know about risk management?
You manage risks when you...
Definition of risk management
Benefits of adopting ISO 31000 standard
Why was ISO 31000 revised?
What are the main differences?
How do I apply ISO 31000?
How do I get started?

2. The Three Pillars of ISO 31000
The three pillars of ISO 31000
Risk management principles
Risk management framework
Components of the risk management framework
Risk management process
Risk assessment
Risk identification
Risk analysis
Risk evaluation
Risk treatment
ISO 31000 key clause structure (4-6)
ISO 31000 and project management
Your risk management checklist