ISO 31000 Risk Management Standard Course [2026]

Set clear, measurable objectives aligned with strategy, approved by management, and communicated to staff with a specific completion date for outcomes like revenue, competitiveness, reserves, and compliance.

Map and assess governance arrangements to clarify decision rights and accountability, linking governance with risk management through documented roles, planning and budgeting, and monitoring progress.

Establish and enforce a top-down risk management policy, with senior management endorsing it, aligning with ISO 31000, and incorporating the 11 principles, risk analysis for proposals, and explicit resource commitments.

Set clear objectives for implementing ISO 31000 risk management, align investment with organizational goals, and monitor progress using ISO 31000 and ISO guide 73 alongside risk assessment techniques.

Develop performance measures that integrate risk management into management and decision making, align with organizational objectives, balance inputs and results, and use indicators across success, process, and monitoring outcomes.

Identify internal and external stakeholders and their objectives to guide ongoing communication. Recognize internal stakeholders as staff and owners; external stakeholders include regulators, customers, banks, NGOs, and the local community.

Communicate risk management commitment by actively engaging internal and external stakeholders at all stages, gathering accurate input, and tailoring reporting through diverse channels and plain language.

Design and implement the ISO 31000 risk management framework to align policy, resources, governance, and decision-making with organizational risk management.

Compare your current risk management to ISO 31000:2009 as a first step, gathering information on practices, policies, resources, and reporting to develop a tailored risk management framework and plan.

Implement risk management by applying the 11 principles to guide decision making, ensure value, transparency, inclusivity, and continual improvement, and align your framework and plan with ISO 31000.

Identify the internal and external contexts to establish the context for the risk management process, articulate objectives, stakeholders, and risk criteria.

Align your risk management policy with ISO 31,000 by detailing six areas—people, resources, methods, procedures, information systems, and training—and align culture, governance, and ongoing review.

Align the risk management policy with the organization's contexts, including stakeholder perceptions and values, and use qualitative evaluation to ensure staff understand and the policy fits the organization.

Learn how an organization's risk attitude guides decisions to pursue, retain, treat, or turn away from risk, and how risk tolerance and risk criteria shape these choices.

Define risk criteria to measure consequences and likelihood, align with policy, address combinations of risks and how severity is determined, and consider time frames and stakeholder views.

Assess your organization's capability, capacity, and culture to tailor a risk management framework. Allocate training or external specialists to support implementation aligned with culture.

Plan the transition to ISO 31,000 by identifying elements to retain, modify, and stop, and implement a formal project plan with milestones, performance measures, budget, and senior management support.

Implement the iso 31000 risk management framework by following six steps to integrate risk processes, legal requirements, training, and stakeholder consultation into organizational decision making.

Define and implement the ISO 31000 risk management plan, detailing the framework, procedures, responsibilities, and timing for integrating risk management into decision making with stakeholders during transition.

Allocate resources across six areas for ISO 31000: people, skills, experience and competence; resources (financial and human); risk processes and tools; documented processes; information and knowledge management system; and training.

Establish the context for the risk management process by defining goals, scope, responsibilities, and inclusion criteria, and prepare a statement of context to guide risk assessments and treatments.

Explore ISO 31000 risk management process methodologies, focusing on context, risk identification, analysis, evaluation, and treatment; learn techniques, scales, and how to align risk treatment with organizational objectives.

Learn how continuous communication and consultation engage internal and external stakeholders across the entire risk management process, shaping risk criteria, culture, and informed decision making.

Monitor and review the risk management framework continually using plan–do–check–act to ensure governance alignment, policy adherence, and performance measured by overall success, process, and outcome indicators.

Monitoring and review of the risk management process ensures effective controls, informs risk assessment, detects context changes and emerging risks, and guides timely action through leading indicators.

Determine the effectiveness of ISO 31000 risk management through monitoring and review. Learn how enhanced risk management maintains risk levels within criteria amid context changes.

Drive continual improvement of the ISO 31000 risk management framework by monitoring and review, updating context, assigning accountability, and integrating risk management into governance and decision making.

Develop continual improvement of the risk management process by evaluating performance, training staff, and monitoring context to identify strengths, weaknesses, opportunities, and actionable improvements through swot analysis.

Learn qualitative methods for SMEs to assess consequences and likelihood using structured severity and likelihood scales, a severity matrix, and scenario analysis to guide organizational risk management.

Identify advocates for and experts in risk management, including risk champions, and ensure effective training of the risk management process through mentoring or job shadowing with credible, referenced instructors.

Choose a risk assessment methodology that fits your organization, and systematically identify, document, validate, and test risks using techniques like brainstorming, interviews, checklists, and what-if analysis.

Apply the bow-tie methodology to map risk sources to events and consequences using fault tree and event tree analyses. Distinguish prevention and recovery controls to clarify risk ownership and communication.

Explore how SMEs implement ISO 31000's 11 risk management principles, aligning, measuring, and improving risk practices through integrated, systematic decision making, addressing uncertainty, culture, and value creation.

Conduct a gap analysis against ISO 31000:2009, comparing current risk practices to the standard. Develop a unified risk management framework and process, and monitor alignment with the 11 principles.

Develop a transition plan to align with ISO 31000, establishing objectives for consistency, global alignment, and integrated risk management, and analyze current practices for gaps.

Distinguish communication from consultation, apply audience-aware messaging across channels, ensure clear language and accurate translation, and verify effectiveness within risk management practices.

Learn how ISO 31000 guides risk treatment by selecting and implementing options to modify risk, including avoiding, sharing, or retaining it, and applying pre- and post-event controls to protect value.

Explore how to record and manage risk documentation for ISO 31000, including risk registers, controls, risk treatment plans, policy documents, and the risk management framework.