ISO31000 – Risk Management 1 Day – Prosser Technical Solutions

ISO 31000:2018 Risk Management Training Agenda – 1 Day Course

Course Title: ISO 31000:2018 Risk Management
Duration: 1 Day
Target Audience: Risk Managers, Auditors, Compliance Officers, Project Managers, Quality Managers, and anyone responsible for implementing risk management in an organization.

Training Objectives

Understand the key concepts and principles of risk management as outlined in ISO 31000:2018.

Learn how to integrate risk management into organizational processes.

Apply risk management processes and tools to effectively identify, assess, and mitigate risks.

Gain practical insights into aligning risk management with business objectives.

Training Agenda

Session Title	Description	Format
Registration & Welcome Coffee	Participants register and network with each other. Light refreshments provided.	Informal
Welcome & Introduction	– Welcome by the trainer. – Introduction to the training objectives and ISO 31000:2018.	Presentation

Module 1: Overview of ISO 31000:2018 Risk Management

| Introduction to Risk Management | – Definition of risk and its relevance to organizations. – Overview of ISO 31000:2018 framework. – Principles of risk management. | Lecture & Discussion | | 10:00 – 10:45 | ISO 31000:2018 Framework & Key Changes | – Components of the risk management framework. – Overview of the key changes from the previous version. – Key terms and definitions in ISO 31000:2018. | Presentation & Case Study |

| Break | Coffee break and networking time. | Informal |

Module 2: Establishing the Risk Management Framework

| Designing a Risk Management Framework | – Developing risk policies and accountability. – Understanding organizational context. – Integrating risk management into existing business processes. | Group Exercise & Discussion |

| Role of Leadership and Governance in Risk Management | – The role of leadership in risk management. – Risk culture and organizational behavior. – Importance of governance and accountability. | Case Study & Q&A |

| Lunch Break | Time for participants to have lunch. | Informal |

Module 3: Risk Management Process Based on ISO 31000:2018

| Risk Identification & Analysis | – Tools and techniques for identifying risks. – Qualitative and quantitative risk analysis methods. – Creating a risk register. | Hands-On Activity & Group Work | | 14:30 – 15:15 | Risk Evaluation & Treatment | – Evaluating risk based on likelihood and impact. – Prioritizing risks. – Strategies for risk treatment (avoidance, mitigation, acceptance, etc.). | Practical Exercise & Discussion |

| Break | Coffee break and informal networking. | Informal |

Module 4: Risk Monitoring, Review, and Communication

| Monitoring and Reviewing Risk | – Continual monitoring of risk management processes. – Key performance indicators (KPIs) for risk. – Reporting and reviewing risks. | Presentation & Example Review

| Risk Communication & Consultation | – The importance of communication in risk management. – Engaging stakeholders in risk management. – Best practices for consultation. | Role Play & Case Study |

Module 5: Practical Application and Closing

| Practical Risk Management Case Study | – Application of ISO 31000:2018 risk management principles in a simulated case. – Group discussion on lessons learned and challenges faced. | Case Study & Group Presentation| | 17:15 – 17:30 | Review, Q&A, and Closing Remarks | – Summary of the day’s learning. – Open Q&A session. – Closing remarks and next steps for participants. | Q&A & Closing |

Learning Outcomes

Gain a solid understanding of the risk management principles outlined in ISO 31000:2018.

Learn how to establish, implement, and maintain a risk management framework.

Apply ISO 31000 processes to effectively manage risks and align them with organizational objectives.