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ISO 31000 Lead Risk Manager

Mastering the Audit of a Service Management System (SMS) Based on ISO 31000, In Compliance With the Requirements of ISO 19011 and ISO 17021

Course Fact Sheet – ISO 31000 Risk Management

PECB Certified Lead Risk Manager

5 days course


This five-day intensive course enables participants to develop the necessary expertise and knowledge to support an organization in implementing and managing Risk as specified in ISO 31000. Participants will also gain a thorough understanding of best practices used to appropriately Risk Management across all the principles of ISO 31000. This training is also fully compatible with IEC/ISO 31010 which supports ISO 31000 by providing guidance for risk assessment.



Learning Objectives

Upon completion of this training, participants will be able to:

  • To understand the implementation of Risk Management by adhering to the framework and principles of ISO 31000
  • To gain a comprehensive understanding of the concepts, approaches, standards, methods and techniques required   for the effective management of risk in an  organization
  • To understand the relationship between the components of a Risk Management process, including    responsibility, strategy, acquisition, performance, conformance, and human  behavior
  • Preparing an acquisition and procurement  process
  • Calculation of benefits using financially oriented and non-financially oriented cost-benefit techniques
  • Drafting and implementing cost optimization    strategies


Course Structure

Day 1: Introduction to Risk Management and ISO 31000

  • Introduction and a brief history of Risk Management
  • Presentation of the Risk Management standards
  • Overview of the fundamental principles of Risk Management
  • Risk Management model
  • Assigning roles  and accountabilities
  • Establishing the Risk Management Project Team and drafting the Project Plan

Day 2: Risk Management Strategy and Acquisition

  • Strategic alignment of risk related objectives with enterprise   objectives
  • Meeting stakeholder needs through benefits realization, risk optimization, and resource optimization
  • Formulating a Risk Management strategy
  • Effectively managing changes in business strategy which are due to the dynamic nature of a business   environment
  • Establishing a Risk Management strategy committee with the focus on offering advice on value, risk, and performance
  • Acquisition – Balancing benefits opportunities, costs, and risks
  • Preparing an acquisition and procurement process
  • Calculation of benefits using financially oriented and non-financially oriented cost-benefit techniques
  • Drafting and implementing cost optimization    strategies

Day 3: Introduction to Risk Management concepts as required by ISO 31000

  • Implementation of a Risk Management  process
  • Continuous  improvement  through frameworks
  • Interoperability of diverse systems and  organizations
  • Risk management: identification, analysis and treatment of risk (drawing on guidance from ISO/IEC 31000)

Day 4: Resource Management, Conformance, and Human Behaviour

  • Establishing an effective Human Resource Management
  • Drafting and incorporating HR strategies
  • Contract Management, Relationship Management, and Asset Management through SLAs and OLAs
  • Management and governance of data
  • Record and monitor risk resource utilization and availability
  • Outsourcing practices: Onsite, Offsite, and Offshore
  • Measure continuous performance of service delivery
  • Governance of conformance to legal requirements and other standards
  • Governance of human behavior and management of organizational and cultural change

Day 5: Certification Exam



  • Risk managers or consultants wanting to prepare and to support an organization In the implementation of ISO 31000
  • ISO 31000 auditors who wish to fully understand the Risk Management implementation process
  • CEO and Senior Managers responsible for the Risk Management of an enterprise
  • Business Process Owners
  • Business Finance Managers
  • Regulatory Compliance Managers
  • Project Management
  • Persons responsible for information security or conformity within an organization



There are no formal prerequisites for this course.  


Examination Information

The “PECB Certified ISO 31000 Lead Risk Manager” exam fully meets the requirements of the PECB Examination and Certification Program (ECP). The exam covers the following competence domains:

  • Domain 1: Risk Management Principles
  • Domain 2: Evaluate-Direct-Monitor Model of ISO 31000
  • Domain 3: Guidance for Risk Management
  • Domain 4: Evaluate the need and applicability of each principle
  • Domain 5: Direct the adherence to each principle
  • Domain 6: Monitor all or key activities related to all the principles
  • The “PECB Certified ISO 31000 Lead Risk Manager” exam is available in different languages (the complete list of languages can be found in the examination application form)
  • Duration: 3 hours



  • After successfully completing the exam, participants can apply for the credentials of PECB Certified ISO 31000 Lead Risk Manager, depending on their level of experience
  • A certificate will be issued to the participants who successfully pass the exam 
  Location Start Date End Date Duration Availability Price
Dubai 2018-04-08 2018-04-12 5 days Available

Dubai 2018-09-09 2018-09-13 5 days Available

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