Exam ISO 31000: Lead Risk Manager Training Certification Course

Course Contents

ISO 31000 Lead Risk Manager Course Overview

ISO 31000 is a globally recognized framework used to manage risk. Risk is a critical factor all businesses account for before making any decision. While risks tend to vary based on industry and size of the organization, the guidelines and principles offered by ISO 31000 can be adapted as needed.

Professionals with this skill set are highly requested by businesses across the globe. With the average salary within the US sits at USD 120,157. This course is strongly recommended for professionals looking to enhance their risk mitigation and management skills in order to help businesses make the best decisions possible. Check out the dates below to enrol in this ISO 31000 Lead Risk Manager training today.

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You will learn:

Module 1: Introduction to Risk Management and ISO 31000
  • Introduction and brief history of Risk Management
  • Presentation of Risk Management standard
  • Overview of fundamental principles of Risk Management
  • Risk Management model
  • Assigning roles and accountabilities
  • Establishing the Risk Management Project Team and drafting the Project Plan
  • Strategic alignment of risk objectives with enterprise objectives
  • Meeting stakeholder needs through benefits realization, risk optimization, and resource optimization
  • Formulating of Risk Management strategy
  • Effectively managing changes in business strategy which are due to the dynamic nature of a business environment
  • Establishing Risk Management strategy committee with the focus on offering advice on value, risk, and performance
  • Acquisition Balancing benefits opportunities, costs, and risks
  • Preparing an acquisition and procurement process
  • Calculation of benefits using financially oriented and non-financially oriented cost-benefit techniques
  • Drafting and implementing cost optimization strategies
  • Implementation of Risk Management process
  • Continuous improvement through frameworks
  • Interoperability of diverse systems and organizations
  • Risk management identification, analysis and treatment of risk
  • Establishing an effective Human Resource Management
  • Drafting and incorporating HR strategies
  • Contract Management, Relationship Management, and Asset Management through SLAs and OLAs
  • Management and governance of data
  • Record and monitor risk resource utilization and availability
  • Outsourcing practices Onsite, Offsite, and Offshore
  • Measure continuous performance of service delivery
  • Governance of conformance to legal requirements and other standards
  • Governance of human behavior and management of organizational and cultural change
  • Exam
Live Online Training (Duration : 40 Hours)    View Sample Class
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  • 1-on-1 Public - Select your own start date. Other students can be merged.
  • 1-on-1 Private - Select your own start date. You will be the only student in the class.

1950 + If you accept merging of other students.
4 Hours
8 Hours
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Online
03 - 07 Oct 09:00 AM - 05:00 PM CST
(8 Hours/Day)
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07 - 11 Nov 09:00 AM - 05:00 PM CST
(8 Hours/Day)
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This Course Similar To CRISC

Course Prerequisites

There are no prerequisites to take up this ISO 31000 Lead Risk Manager training. However, it would be beneficial if the participant had a basic understanding of the Risk Management framework, its principles, and its process.

For professionals looking to cultivate their competencies around risk management, decision making and improving overall organizational performance using the ISO 31000 guidelines. This ISO 31000 Certification course offers information on the core elements of a risk management framework and how to implement the same effectively. Professionals also explore the application of the risk management process along with actions needed to manage organizational objectives through these elements. The ISO 31000 Certification course offers guidance around techniques and their application to assess risks in an array of situations.

Finishing this course allows students to sit for the PECB Certified ISO 31000 Lead Risk Manager credential upon completion of the examination offered on the last day. This ISO 31000 credential is strongly recommended for professionals looking to build and showcase their risk management knowledge.

Key Features ISO 31000 Lead Risk Manager Certification Training Course

  • 5-day Instructor-led ISO 31000 Lead Risk Manager Training
  • Get access to a free 1-hour ISO 31000 Lead Risk Manager course preview to prepare for the actual training
  • Expert ISO 31000 instructors across the globe
  • Accredited ISO 31000 Lead Risk Manager course material prepared by SMEs
  • Get real-life examples through group discussions and industry-relevant case studies
  • Industry-recognized ISO 31000 Lead Risk Manager Course Completion certificate provided
  • ISO 31000 Lead Risk Manager training provided across 100+ locations globally

Who can take up ISO 31000 Lead Risk Manager Training?

Job roles that can take up ISO 31000 Certification training include, but are not limited to:

  • IT Professionals
  • Risk Specialists
  • Business Managers
  • Risk Consultants
  • Project Management Personnel
  • IT Architects
  • Risk Advisors
  • Risk Directors
  • Upper-level management seeking risk management knowledge to integrate it into strategic initiatives
  • Individuals responsible for creating Risk Management processes in an organization
  • Individuals who are responsible for the creation and protection of value in organizations
  • Professionals looking to gain a comprehensive understanding of Risk Management Concepts
  • Individuals who are looking to sit for PECBs ISO 31000 Lead Risk Manager Certification exam

Learning Objectives of ISO 31000 Lead Risk Manager Training

The ISO 31000 certification course is structured around both theory and the best possible practices used in risk management. Lectures are accompanied by practical examples and scenarios to ensure students have a more realistic understanding of the principles explained. Students of this course are encouraged to actively participate in discussions and exercises to create a more interactive learning environment.

Upon completion of this ISO 31000 online course, students are able to;

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

The ISO 31000 certification course is normally conducted over five days and is structured as follows;

Day One:

   - Introduction to ISO 31000 and risk management

Day Two:

  - Establishing the risk management framework and initiating the risk management process

Day Three:

  - Risk analysis, risk evaluation and risk treatment according to ISO 31000

Day Four:

  - Recording and reporting, monitoring and review and communication and consultation according to ISO 31000

Day Five:

  - Certification Examination

It is important to note the certification and examination fees are included in the training cost. The ISO 31000 Lead Risk Manager training course materials span over 400 pages and include practical examples. This material is distributed to all participants. Upon completion of the course, students are offered an attested course completion certificate highlighting 31 CPD (Continuing Professional Development) credits.

ISO 31000 Lead Risk Manager Exam Format

On the fifth day of this ISO 31000 certification course, students will sit the “PECB Certified ISO 31000 Risk Manager” examination.

Exam Code ISO 31000
Exam Name ISO 31000 Lead Risk Manager
Exam Type Multiple-choice and Open Book Exam
ISO 31000 Exam Cost USD 500
Total Questions 60 Questions
Exam Duration 180 Minutes
Passing Score 70%
Languages English

 

The ISO 31000 Lead Risk Manager examination covers;

  • Fundamental principles and concepts of risk management
  • Establishing the risk management framework
  • Initiating the risk management process and assessing risks
  • Risk treatment
  • Risk recording and reporting
  • Risk monitoring and review
  • Risk communication and consultation

Upon successful completion of the same, candidates can apply for the respective credential. The requirements to hold a PECB Certified ISO 31000 Lead Risk Manager certification are;

PECB Certified ISO 31000 Provisional Risk Manager

Exam - PECB Certified ISO 31000 Lead Risk Manager Exam or equivalent

Professional Experience - None

Risk Management Experience - None

Other Requirements - Signing the PECB Code of Ethics

PECB Certified ISO 31000 Risk Manager

Exam - PECB Certified ISO 31000 Lead Risk Manager Exam or equivalent

Professional Experience - Two Years, One year of which is work experience in risk management

Risk Management Experience - Risk management activities: A total of 200 hours

Other Requirements - Signing the PECB Code of Ethics

PECB Certified ISO 31000 Lead Risk Manager

Exam - PECB Certified ISO 31000 Lead Risk Manager Exam or equivalent

Professional Experience - Five Years, Two years of which are work experience in risk management

Risk Management Experience - Risk management activities: A total of 300 hours

Other Requirements - Signing the PECB Code of Ethics

PECB Certified ISO 31000 Senior Lead Risk Manager

Exam - PECB Certified ISO 31000 Lead Risk Manager Exam or equivalent

Professional Experience - Ten Years, Seven years of which are work experience in risk management

Risk Management Experience - Risk management activities: A total of 1000 hours

Other Requirements - Signing the PECB Code of Ethics

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The Fee includes:
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Schedule for Group Training is decided by Koenig. Schedule for 1-on-1 is decided by you.
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  • CRISC

ISO 31000 is a suite of standards pertaining to the risk management domain, designed and codified by International Organization of Standardization. ISO 31000 aims to freeze and standardize risk management policies and processes across organizations, industries, subject matters and regions by providing a universally recognized paradigm.

ISO 31000 - Risk Management allows organizations to manage risks effectively and perform well in an adverse scenario or uncertain environment. ISO 31000:2018 provides risk management guidelines, principles, framework and processes for every organization regardless of its size, activity and sector. These guidelines help organizations to achieve their objectives, identify threats and effectively utilize resources for risk treatment.

Risk management is important because it:

  • Enables organizations define their objectives for the future
  • Saves valuable resources such as time, income, assets, people and property
  • Reduces legal liabilities
  • Increases the stability of tasks and operations
  • Reduces the possibility of litigation

AS/NZS ISO 31000:2009 is the latest suite of principles and guidelines which is required to be considered by Fund Member agencies while designing risk management frameworks and programs.

ISO 31000 Risk Manager is a training and certification course offered by PECB (Professional Evaluation and Certification Board) that enables candidates to gain a thorough understanding of the fundamental principles, framework and processes associated with risk management based on ISO 31000. The certification course provides the ability to effectively apply Risk Management best practices in an organization so as to successfully execute a Risk Management process.

A risk manager warns and advices an organization about any potential risk that may affect the profitability or rather the existence of the company, employees, customers, assets and stakeholders. They also have the responsibility to assess, avoid, reduce and transfer risks.

The average salary of a Risk Manager is $83,820 per year, as per a survey conducted by PayScale. The salary increases with increase in experience.

A Risk Manager:

  • Identifies potential risks
  • Recommends or implements preventive measures
  • Creates effective plans to minimize costs and damage
  • Reviews the purchase of insurance programs
  • Monitors claims and activities related to loss control
  • Conducts audits for compliance of standards
  • Prepares loss analysis reports and budget
  • Spreads awareness and provides training to team members

The skills required for effective risk management include:

  • Analytical skills
  • Numerical skills
  • Planning and organizational skills
  • Communication and presentation skills
  • Knowledge of business issues
  • Decision making ability
  • Negotiation skills
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