Risk permeates every facet of our lives, from routine daily tasks like selecting a commute route to intricate corporate choices such as establishing a manufacturing plant in a foreign nation. Significant strides have been made over recent decades in comprehending the nature of risk, resulting in the development of methodologies and approaches that empower individuals and organizations to make informed decisions grounded in logical reasoning.

A standout framework for addressing risk is presented by ISO 31000, an international standard encompassing principles, established practices, and guidelines for effectively managing the risks encountered by organizations.

What is ISO 31000?

ISO 31000 stands as an international standard offering guidance for the effective management of risks across diverse business activities. This standard outlines principles, a risk management framework, and the application of the risk management process.

Applicable to organizations of varying sizes and types, ISO 31000 is designed for those seeking to seamlessly integrate risk management into their business operations. It establishes foundational risk management principles and aids organizations in constructing a risk management framework by:

1. Incorporating risk management into organizational structures.
2. Designing a context-appropriate framework for risk management.
3. Implementing the risk management framework.
4. Assessing the effectiveness and continually enhancing the suitability and adequacy of the risk management framework.
5. Demonstrating leadership and commitment, particularly from top management.

ISO 31000 views the risk management process as an integral component of overall management and decision-making. This process is applicable not only at a strategic level and across the entire organization but also to specific projects, products, and processes. ISO 31000 offers guidelines for risk communication and consultation, defining the scope, context, and criteria, conducting risk assessments, implementing risk treatments, monitoring and reviewing, and finally, recording and reporting risks.

ISO 31000 is a practical document that aims to support organizations developing their own risk management mechanisms and is not a standard by which organizations can be certified and compare their practices with an internationally recognized benchmark. Being ISO 31000 certified means that your company is protected from potential risks that could affect its operational efficiency, governance, and the stakeholders’ trust.

With Octalogik, participants are provided with the tools and concepts to solidify their know-how in risk management. This is followed by discussions or real cases, hands-on application of tools and simulations of possible scenarios a risk professional may find themselves in, in order to be more prepare to obtain the certification.

What you will learn?

• Our training encourages proactive management in order to increase the likelihood of achieving goals. By attending our program, the company will be able to detect and treat risk throughout the organization, identify of opportunities and threats.
• The ISO 31000 training course provides support and allows you to identify opportunities, threats and risks, but also helps strengthen and achieve the strategic objectives of your organization by establishing a risk-based system of values.
• This ISO 31000 Certification course offers information on the core elements of a risk management framework and how to implement the same effectively. The ISO 31000 Certification course offers guidance around techniques and their application to assess risks in an array of situations.
• Our effective technical instruction is highly varied and interactive to keep attention levels high, promote teamwork between the participant and instructor, and solidify knowledge through hands- on learning. Participants also explore the application of the risk management process along with actions needed to manage organizational objectives through these elements.
• Through accelerated training participants will develop skills on how to implement Risk Management while adhering to the framework and principles of ISO 31000, understand the concepts, approaches, standards, methods and techniques required for managing risk in a business, as well as linked components – responsibility, strategy, acquisition, performance, conformance, and human behavior.

Get started to obtain:

• Certification
• Intensive group instruction
• One-on-one instruction attention
• Hands-on labs
• Group exercises
• Question and answer drills
• Independent study