(Click Category to List Courses)

28 - ISO - ISO (Standardization) Programs

ISO 127 - ISO 31000: Risk Manager

Code Start Date Duration Venue
ISO 127 09 October 2023 5 Days Istanbul Registration Form Link
ISO 127 04 December 2023 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

Risk is present in every aspect of our life, from mundane everyday activities such as choosing a route to work, to complex corporate decisions such as opening a manufacturing plant in a different country. ISO 31000 is an international standard that provides guidelines on managing any type of risk in any business activity. The standard provides guidelines on principles, risk management framework, and application of the risk management process.

Course Objectives

  • Gaining knowledge on ISO 31000 and risk management principles
  • Learning the relevant skills, knowledge and confidence to plan, implement and continually improve a risk management system
  • Gaining he experience of the various stages of the risk management process through exercises 

Who Should Attend?

  • Individuals who wish to obtain knowledge and skills essential to risk management 
  • Project managers or consultants wanting to master risk management
  • Persons responsible for risk management in an organization

Course Details/Schedule

Day 1

  • Basic concepts and principles of risk management
  • Introduction to ISO 31000 and related standards
  • Risk types and risk management framework
  • ISO 31000 requirements 

Day 2

  • Risk & asset identification
  • Risk analysis
  • Controls assessment
  • Consequence analysis
  • Likelihood analysis and probability estimation
  • Preliminary analysis
  • Uncertainties and sensitivities


Day 3

  • Risk evaluation
  • Risk treatment
  • Risk acceptance & residual risk
  • Risk communication, monitoring & review
  • Documentation
  • Application of risk assessment during life cycle phases

Day 4

  • Risk assessment techniques – Brainstorming & decision tree analysis
  • Bow tie analysis & root cause & business impact analysis
  • Scenario analysis

Day 5

  • Cause & effect analysis
  • Consequence/probability matrix