Course "Risk Management ISO 31000"

ISO 31000

ISO 31000 is an international standard that establishes principles and guidelines for risk management in organizations. The main purpose of the standard is to ensure effective risk management by establishing common approaches, processes and principles.

Main objectives of ISO 31000:

• Ensuring more effective risk management in the organization: the standard provides guidance on risk assessment and management, allowing organizations to make more informed and knowledgeable decisions.
• Improving reputation and reducing losses: effective risk management can help an organization reduce risk-related losses and improve its reputation among stakeholders.
• Contributing to achieving strategic goals: risk management allows organizations to more effectively achieve their strategic goals and ensure sustainable growth and development.
• Establishing common approaches and processes: the standard establishes common principles and processes that can be applied to any organization, regardless of its size, type or activity.
• Improving communication and transparency: effective risk management can help an organization improve communication and transparency regarding risks and promote the establishment of trust relationships with stakeholders.

General course information

The course is based on the ISO 31000 standard and is designed to help participants understand the concept and objectives of risk management, learn to apply them in practice to achieve organizational goals.

The course "Risk Management in accordance with ISO 31000 requirements" addresses issues of communication and consultation, context definition, assessment, treatment and monitoring of risks and is designed to form systematic understanding, skills and abilities in identifying, assessing, analyzing and managing risks.

The course covers:

• basic issues of risk management theory;
• prerequisites and basic factors for implementing risk management;
• main characteristics of risk;
• probability of risk occurrence;
• potential consequences;
• risk acceptability criteria;
• overview of main risk assessment methodologies;
• analysis of results;
• implementation of risk management system into quality management system;
• examples of risk identification in various processes;
• methods of regulating risk management aspects in internal company documentation (corporate standards, regulations, instructions and methodologies).

The course will be useful for

• company and organization executives;
• specialists responsible for organizational risk assessment who need to have complete information about ISO 31000 requirements and the possibility of implementing risk management principles in their organization;
• specialists responsible for managing the company's environmental risks, personnel safety risks and product safety risks.

What participants gain:

• knowledge and skills in risk management allowing integration of risk management into all aspects of your organization, including strategy, planning, project management, operations and quality control;
• knowledge for career growth in fields of activity where risk management is required;
• knowledge for the ISO 31000 exam to obtain a risk management certificate that will confirm competence and professionalism in this field;
• course completion certificate.

What participants will learn:

• identify, analyze and assess risks, as well as select and implement optimal measures for their treatment.
• work with analysis tools, risk monitoring and review methods, risk management frameworks for continuous process improvement.
• develop organizational risk management culture promoting innovation, productivity improvement and goal achievement;

Course objectives

• develop skills necessary for developing and implementing risk mitigation measures;
• teach how to determine the context of the organization and its stakeholders for risk management;
• develop skills for identifying, analyzing and assessing risks in different situations.
• teach risk treatment methods, including selection and application of appropriate techniques and measures;
• introduce tools and methods for monitoring and reviewing risks and risk management frameworks;
• enhance skills in communication and consultation on risk management issues with various stakeholders;
• expand knowledge in improving reliability and safety levels;
• provide opportunity for dialogue with experts in risk assessment.

Course program

Day 1.

Main provisions of ISO 31000 standard.

Fundamentals of risk management theory in quality management system.

1. Prerequisites and basic factors for implementing risk management in quality management system.
2. Areas of application of risk management principles.
3. ISO 31000 standard and other requirements of regulatory documents on risk management.
4. Internal enterprise needs for risk management.
5. Basic concepts.

Methods of identification and factor analysis.

1. Event Tree Analysis (ETA). General information, application, input and output data. Advantages and limitations.
2. Fault Tree Analysis (FTA). General information, application, input and output data. Advantages and limitations.
3. Human Reliability Analysis (HRA).

General information, application, input and output data. Advantages and limitations.

1. Markov analysis. Examples of Markov diagram and Markov matrix.
2. Monte Carlo simulation method.
3. Privacy and data protection impact analysis.
4. Dependency and interaction analysis methodologies.
5. Causal mapping.
6. Cross-impact analysis.

Day 2.

Implementation of risk management in quality management system.

Examples of risk identification.

1. Frequency-number diagrams.
2. Pareto diagrams for calculating causes to be eliminated. Examples.
3. Risk-based assessment.
4. Reliability Centered Maintenance (RCM). Examples of task selection.

Risk indicators.

Cost-Benefit Analysis (CBA).

Decision tree analysis.

1. Game theory.
2. Communication and cooperative/non-cooperative games.
3. Zero-sum/non-zero-sum and symmetric/asymmetric games.
4. Simultaneous/sequential games.
5. Examples of game matrix.

Comprehensive analysis.

Recording and reporting methods.