Course Introduction

The ISO 31000:2018 – Enterprise Risk Management Framework for Risk Leaders course is designed to develop the essential knowledge, strategic competencies and practical skills required to establish, implement, integrate and continually improve an effective Risk Management Framework in accordance with the principles and guidelines of ISO 31000:2018.

The course focuses on enterprise risk management fundamentals, risk management principles, organizational context, leadership and commitment, risk governance, risk appetite, risk tolerance, risk identification, risk analysis, risk evaluation, risk treatment, risk monitoring, risk reporting and continual improvement.

Participants will learn how to identify internal and external risks, evaluate potential threats and opportunities, establish risk management strategies, develop risk registers, determine appropriate risk treatment options and integrate risk management into organizational decision-making and business processes.

The programme emphasizes practical risk assessment exercises, enterprise risk management case studies, risk register development, risk analysis techniques, risk treatment planning, scenario-based exercises and real-life organizational situations to strengthen participants' ability to anticipate uncertainties, minimize business disruptions and support strategic organizational objectives.

The course incorporates the principles, framework and risk assessment process described in ISO 31000:2018, together with relevant risk management practices and guidance, subject to applicable updates and officially published revisions.

Course Objectives

The main objectives of this course are to:

• Understand the fundamentals and principles of Enterprise Risk Management (ERM).
• Develop knowledge of ISO 31000:2018 principles, framework and process.
• Understand the roles and responsibilities of risk leaders and management.
• Develop an effective organizational risk management framework.
• Understand risk governance, risk appetite and risk tolerance.
• Identify strategic, operational, financial, compliance and reputational risks.
• Develop skills in risk identification, analysis and evaluation.
• Understand qualitative and quantitative risk assessment techniques.
• Develop risk registers and risk treatment plans.
• Understand risk control, mitigation and monitoring strategies.
• Integrate risk management into organizational planning and decision-making.
• Develop effective risk communication and reporting mechanisms.
• Promote organizational resilience and continual improvement.

Course Learning Outcomes

Upon successful completion, participants will be able to:

• Explain the fundamental principles of Enterprise Risk Management.
• Understand the requirements and guidance of ISO 31000:2018.
• Differentiate between risk principles, framework and process.
• Identify organizational internal and external risk factors.
• Understand risk leadership, governance and accountability.
• Establish risk management policies and organizational arrangements.
• Define risk appetite, risk tolerance and risk criteria.
• Identify strategic, operational, financial and compliance risks.
• Apply effective risk identification techniques.
• Conduct risk analysis and risk evaluation.
• Develop risk matrices and risk registers.
• Select appropriate risk treatment strategies.
• Establish risk monitoring and reporting mechanisms.
• Evaluate the effectiveness of risk management controls.
• Integrate risk management into business operations and strategic decisions.
• Promote risk-based thinking and organizational resilience.

Target Participants

• Chief Executive Officers (CEOs) and Managing Directors.
• Chief Risk Officers (CROs).
• Chief Operating Officers (COOs).
• Chief Financial Officers (CFOs).
• Risk Managers and Risk Management Professionals.
• Enterprise Risk Management (ERM) Coordinators.
• Compliance Managers and Compliance Officers.
• Internal Auditors and Lead Auditors.
• Corporate Governance Professionals.
• Business Continuity Managers.
• Strategic Planning Managers.
• HR and Administration Managers.
• Finance and Accounts Professionals.
• Operations and Production Managers.
• Quality and HSE Managers.
• Management Consultants and Business Advisors.
• Business Owners and Entrepreneurs.
• Senior Management and Department Heads.
• Professionals responsible for Organizational Risk Management.

Lead Content Modules

Module 01: Fundamentals of Enterprise Risk Management & ISO 31000:2018

1. Introduction to Enterprise Risk Management (ERM).
2. Concepts, Terminology and Fundamentals of Risk Management.
3. Importance and Benefits of Enterprise Risk Management.
4. Overview of ISO 31000:2018 Principles and Guidelines.
5. Understanding Risk as the Effect of Uncertainty on Objectives.
6. Types of Organizational Risks.
7. Relationship Between Risk Management, Governance and Business Strategy.
8. Overview of the ISO 31000 Risk Management Principles, Framework and Process.

Module 02: Risk Management Principles, Leadership & Governance

1. Understanding the Principles of Risk Management.
2. Integration of Risk Management into Organizational Activities.
3. Structured and Comprehensive Risk Management.
4. Customization Based on Organizational Context.
5. Inclusive and Dynamic Risk Management Approaches.
6. Leadership Commitment and Management Accountability.
7. Risk Governance Structure and Responsibilities.
8. Establishing a Risk Management Policy and Organizational Commitment.
9. Organizational Culture and Risk Awareness.

Module 03: Establishing the Enterprise Risk Management Framework

1. Understanding Organizational Context and Business Environment.
2. Internal and External Issues Affecting Organizational Risks.
3. Identifying Interested Parties and Their Expectations.
4. Leadership, Commitment and Integration of Risk Management.
5. Design of the Risk Management Framework.
6. Establishing Risk Management Roles and Responsibilities.
7. Allocating Resources for Risk Management.
8. Implementation of the Risk Management Framework.
9. Monitoring, Reviewing and Continually Improving the Framework.

Module 04: Risk Identification & Risk Assessment Techniques

1. Introduction to Organizational Risk Identification.
2. Strategic, Operational and Financial Risk Identification.
3. Legal, Regulatory and Compliance Risk Identification.
4. Environmental, Health and Safety Risk Identification.
5. Reputational, Technological and Supply Chain Risks.
6. Risk Identification Tools and Techniques.
7. Brainstorming, Interviews, Checklists and SWOT Analysis.
8. Risk Sources, Events, Causes and Consequences.
9. Risk Register Development and Documentation.

Module 05: Risk Analysis, Evaluation & Prioritization

1. Understanding Risk Analysis and Its Purpose.
2. Assessment of Risk Likelihood and Consequences.
3. Qualitative and Quantitative Risk Analysis.
4. Risk Rating and Risk Scoring Techniques.
5. Risk Matrix Development and Application.
6. Inherent Risk and Residual Risk Assessment.
7. Risk Evaluation Against Established Risk Criteria.
8. Risk Prioritization and Ranking.
9. Risk Appetite, Risk Tolerance and Risk Acceptance Criteria.

Module 06: Risk Treatment, Control Measures & Mitigation Strategies

1. Introduction to Risk Treatment.
2. Risk Avoidance and Risk Elimination.
3. Risk Reduction and Mitigation Strategies.
4. Risk Sharing and Risk Transfer.
5. Risk Retention and Acceptance.
6. Selection of Appropriate Risk Treatment Options.
7. Development of Risk Treatment Plans.
8. Implementation and Effectiveness of Risk Controls.
9. Assigning Risk Owners and Action Responsibilities.
10. Monitoring Residual Risks and Treatment Effectiveness.

Module 07: Risk Monitoring, Communication, Reporting & Organizational Resilience

1. Risk Monitoring and Review Processes.
2. Risk Communication and Consultation.
3. Development of Risk Reporting Systems.
4. Key Risk Indicators (KRIs) and Performance Monitoring.
5. Risk Dashboards and Management Reporting.
6. Emerging Risks and Early Warning Systems.
7. Scenario Analysis and Business Impact Considerations.
8. Integration of Risk Management with Business Continuity.
9. Management Review and Continual Improvement.
10. Promoting Organizational Resilience and Risk-Based Decision-Making.

Module 08: Practical ERM Exercises, Case Studies & Final Assessment

1. Practical ISO 31000:2018 Framework Interpretation.
2. Organizational Context and Risk Identification Exercise.
3. Enterprise Risk Assessment and Risk Scoring.
4. Practical Risk Matrix Development.
5. Enterprise Risk Register Preparation.
6. Risk Appetite and Risk Tolerance Case Study.
7. Risk Treatment Plan Development.
8. Risk Monitoring and KRI Development.
9. Organizational Risk Reporting Exercise.
10. Final Assessment and Practical Evaluation.

Training Methodology

The course will follow a practical, interactive and participatory training approach.

• Instructor-Led Training.
• Interactive Lectures and Discussions.
• ISO 31000:2018 Principles and Framework Interpretation.
• Enterprise Risk Management Case Studies.
• Organizational Risk Identification Exercises.
• Practical Risk Assessment and Risk Evaluation.
• Risk Matrix and Risk Register Development.
• Risk Appetite and Risk Tolerance Exercises.
• Risk Treatment Plan Development.
• Key Risk Indicator (KRI) Development.
• Risk Reporting and Management Dashboard Exercises.
• Scenario-Based Risk Management Simulations.
• Group Discussions and Problem-Solving.
• Practical Assessment and Feedback.

Assessment & Evaluation

Participants may be evaluated through:

• Written Knowledge Assessment.
• ISO 31000:2018 Principles and Framework Quiz.
• Enterprise Risk Identification Exercise.
• Risk Assessment and Risk Scoring.
• Risk Matrix Development.
• Risk Register Preparation.
• Risk Appetite and Risk Tolerance Assessment.
• Risk Treatment Plan Development.
• Key Risk Indicator (KRI) Preparation.
• Enterprise Risk Management Case Study.
• Final Viva / Oral Assessment.

Course Summary Information

• Course Title: ISO 31000:2018 – Enterprise Risk Management Framework for Risk Leaders
• Training Mode: Online Training
• Course Type: Professional Certificate Training Course
• Duration: 08 Sessions / 08 Hours (Online)
• Class Frequency: 2 Days per Week
• Session Duration: 1 Hour per Session
• Total Modules: 08
• Classroom Training: 10:00–5:00 (Day-Long Training)
• Registration Fee: BDT 3,500/- (Online Training)
• Registration Fee: BDT 4,500/- (In-Person Classroom Training)
• Registration Hotlines: 01739-138399 & 01839-920810

Training Provider

Compliance Training (BD) Limited (CTBL)

Website: www.compliancetrainingbd.com

Email: compliancetrainingbd2019@gmail.com

Registration Hotlines: 01739-138399 & 01839-920810

Quality Training is Our Motto.