Enterprise risk management
Risk Management Understanding Using ISO 31000
Understand ISO 31000 principles, framework, and process for identifying, analyzing, evaluating, treating, monitoring, and communicating organizational risks.
Build a shared, standards-based understanding of risk management.
For managers, supervisors, risk owners, auditors, and professionals who participate in organizational planning, governance, and risk decisions.
Explain the principles and purpose of ISO 31000.
Understand the risk-management framework and process.
Identify, analyze, evaluate, and treat risks systematically.
Support monitoring, communication, and continual improvement.
Course overview
A practical, instructor-led program with guided exercises and workplace examples. Open a topic to see the coverage.
I. Fundamentals of Risk Management
- Definition of risk and risk management
- Positive vs negative risk
II. ISO 31000 Framework Overview
- Purpose and scope of ISO 31000
- Principles, Framework, and Process
III. Establishing the Context
- Organizational objectives
- External context (political, economic, social, technological, legal, environmental)
IV. Risk Management Process
- Risk identification
- Risk analysis (likelihood and impact)
V. Risk Treatment and Control
- Treatment options for negative risks (avoid, reduce, transfer, accept)
- Treatment options for opportunities (capitalize, enhance, share, accept)
VI. Monitoring, Reporting, and Improvement
- Risk registers and reporting
- Monitoring and review
VII. Application and Activities
- Risk identification workshop
- Risk scoring and treatment planning
Full course outline
Review the complete legacy course outline, including all detailed subtopics.
View full outline
- I. Fundamentals of Risk Management
- Definition of risk and risk management
- Positive vs negative risk
- Why risk management matters
- Consequences of unmanaged risk
- II. ISO 31000 Framework Overview
- Purpose and scope of ISO 31000
- Principles, Framework, and Process
- Traditional vs Enterprise Risk Management
- Role of leadership and governance
- III. Establishing the Context
- Organizational objectives
- External context (political, economic, social, technological, legal, environmental)
- Internal context (culture, structure, resources, competence, processes)
- Stakeholders and risk criteria
- IV. Risk Management Process
- Risk identification
- Risk analysis (likelihood and impact)
- Risk evaluation and prioritization
- Risk assessment tools and matrices
- V. Risk Treatment and Control
- Treatment options for negative risks (avoid, reduce, transfer, accept)
- Treatment options for opportunities (capitalize, enhance, share, accept)
- Residual risk and ALARP principle
- VI. Monitoring, Reporting, and Improvement
- Risk registers and reporting
- Monitoring and review
- Risk ownership and accountability
- Continuous improvement and audits
- VII. Application and Activities
- Risk identification workshop
- Risk scoring and treatment planning
- End-to-end risk assessment exercise