4. Can I get certified as a subject-matter expert in ISO 31000 Enterprise risk management and conducting risk assessments?

Phase 1: Establish commitment and a customized framework Gain commitment from leadership. Top management must endorse and actively support the adoption of ISO 31000. This involves communicating the value of a strong risk management process to secure necessary resources and influence the organizational culture. Understand the ISO 31000 standard. The core of the standard consists of three components: Principles: The standard's foundation, which includes risk management creating and protecting value, being an integral part of decision-making, and being tailored to the organization. Framework: The organizational structure, policies, and resources for implementing risk management. Process: The systematic steps for managing risk, which will be applied day-to-day. Assess current risk practices. Evaluate your existing risk management processes and identify gaps and areas where improvements are needed to align with ISO 31000's principles. Tailor the framework. Customize the ISO 31000 framework to fit your organization's unique context, including its objectives, culture, and operational realities. Develop a risk management policy. Create a formal policy that outlines the organization's approach to risk management and integrate it into the governance structure. Ensure the policy is communicated across the entire organization. Phase 2: Execute the risk management process Define scope, context, and criteria. Establish the parameters for risk management activities, including what risks are covered, internal and external factors that are relevant, and the standards used for evaluation and decision-making. Conduct risk assessments. Systematically identify potential threats and opportunities, analyze their likelihood and impact, document them, and prioritize risks requiring attention. Treat risks. Develop and implement plans to modify risks, considering options such as avoidance, acceptance, reduction, or transfer. Communicate and consult. Continuously engage with stakeholders to ensure understanding and incorporate diverse perspectives throughout the process. Phase 3: Monitor, review, and embed a risk-aware culture Monitor and review continuously. Regularly track risks and the effectiveness of treatments to maintain relevance as the environment changes. Record and report. Document activities and provide reports to management to ensure accountability. Foster a risk-aware culture. Promote awareness through training and empower employees to identify risks, making risk management a daily practice. Audit and improve. Periodically audit the framework and process to ensure alignment with goals and promote continuous improvement.

ISO 31000 Risk Manager certification training

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certified iso 31000 risk manager, control monitoring, iso iec 31000 risk policy, iso 31000 risk criteria, get certified in iso iec risk and information systems control control monitoring and risk management guidelines for risk monitoring. Business continuity and operational resilience are addressed in the international standard for crisis management. Operational resilience and continuity resilience are viewed similarly. Managing the supply chain and digital transformation iso 31000 lead risk manager iso iec

Although most organizations
manage risk to some extent,
they often don't have
a good system to manage it well.

Learn how to leverage ISO 31000 Enterprise Risk Management
to ensure barriers to success are better identified, reduced, and potentially eliminated.

Get trained and certified in ISO 31000 and ISO 27005 Enterprise Risk Management

A successful risk management initiative can affect the likelihood and consequences of risks materializing, as well as deliver benefits related to better informed strategic decisions, successful delivery of change and increased operational efficiency. Other benefits include reduced cost of capital, more accurate financial reporting, competitive advantage, improved perception of the organization, better marketplace presence and, in the case of public service organizations, enhanced political and community support. And since information security, business continuity/disaster recovery, environmental health and safety, and other critical management systems have the primary purpose of identifying and treating risk, it is essential that your organization establish a common platform and approach for managing risk.

As the foundation session of CIS risk management training courses, this 3-day enterprise risk management training and policy workshop session provides thorough coverage of the ISO 31000 and 31010 standards, as well as setting out advice on the implementation of an ERM initiative. The purpose of the training is to:

Describe the principles and processes of risk governance and management;
Provide a thorough overview of the requirements of ISO 31000, ISO 31010, ISO 23894 (AI Risk) and ISO 27005 (InfoSec risk);
Give practical guidance on designing and implementing a suitable enterprise risk management framework;
Establish a firm program starting point by using ISO standards 31000, 31010, 23894, and 27005 to build out the initial ERM core policy. Soft-copy editable templates are provided in the instructor-led class:
- Complete ERM Policy (18-Page template provided)
- ERM Context and Scope Document (10-Page template provided)
- ERM Risk Assessment and Risk Treatment Methodology Document (18-Page template provided)
- Procedure for Training and Development Needs Analysis document (8-Page template provided)
- ERM Program project kick-off document (9-Page template provided)
- Procedure for Identification of ERM Project Requirements document (4-Page template provided)
- Procedure for Identification of Statutory, Regulatory, and Contractual Requirements document (1-Page template provided)
Establish a formal risk assessment and risk treatment methodology based upon ISO 31010 and ISO 27005 best practices
Establish risk monitoring, communication, and reporting

It’s convenient!

IRMCB Accredited Certified Information Security provides the training and credentialing you need to become recognized as an authority in information security governance and risk management. You choose the method of delivery: online through our secure website, or in-person at a publicly available course or privately at your facility. We take care of the rest – from administration, to record keeping, to providing certificates of completion and certification.

Online students have the additional convenience of taking courses whenever they want without the need to travel or disrupt their busy schedules. Our program allows users to start and stop without losing their place or data. Learning and certifying expertise has never been so easy!

How to get started - two alternatives

If your employer is paying for your training and certification, we recommend purchasing a complete ISO 31000 CICRA certification package voucher that includes all required resources, including membership in the CIS Body of Certified Professionals, all required training programs, all recommended practice exams, and the required certification exam. This allows your employer to purchase and pay all of your necessary resources at once, while still giving you flexibility of when to use your training, practice exams, and certification exams later.

Learn more / Get costing

seperator

"Pay-as-you-go" by purchasing your membership in the CIS Body of Certified Professionals, training, recommended practice exams, and the certification exams as you need them. Start by purchasing training, and then purchase practice exams when you are ready. After you complete your practice exams, you then purchase your certification exam.

A breakdown of the costs are as follows:

1. Required CIS Membership Application Fee & Membership Dues: $100.00 Learn more

2. Required Training

One Required Course	Online On-Demand Self-Study
CIS Policy Workshop: ISO 31000 Enterprise Risk Management	$399.95 Learn more

3. Optional Online Practice Exams for exam #RM101: $75.00 Learn more

4. Required Online Certification Exam #RM101: $100.00 Learn more

CIS Policy Workshop: ISO 31000 Enterprise Risk Management Content Outline:

Introduction to ISO 31000, 31010, 23894, and 27005 risk management
- Nature and impact of risk
- Principles of risk management
- Review of ISO 31000:2018
- Achieving the benefits of ERM
Risk management architecture and strategy
- Program leadership
  - Establishing the risk committee and its charter
- Program planning and designing
- Risk context development
- Creating an ERM Policy and supporting documentation
  - Roles & responsibilities
  - Scope
- Implementing and benchmarking
- Measuring and monitoring
- Improving and reporting
Risk assessment and risk treatment methodology (Protocol)
- Criteria development
- Scoping
- Performing risk assessments
  - Risk identification
  - Risk analysis
  - Risk evaluation / Business Impact Assessment
  - Risk treatment evaluation
Risk treatment accreditation, risk monitoring, risk review, and risk communication

Establish a firm program starting point by using ISO 31000:2018 to build out the initial ERM core policy. Throughout the class, our expert instructor will convert ISO standard concepts and requirements into a real ISO-conforming Enterprise Risk Policy. Bring your laptop, and you can work right along with the instructor using electronic (MS Word format) templates we provide in class!* Along with the instructor, you will get your ERM program properly initiated by constructing:

Complete ISO 31000 ERM Policy (18-Page template provided)
ISO 31000 ERM Context and Scope Document (10-Page template provided)
ERM Risk Assessment and Risk Treatment Methodology Document (18-Page ISO 31010/27005 template provided)
Procedure for Training and Development Needs Analysis document (8-Page template provided)
ISO 31000 ERM Program project kick-off document (9-Page template provided)
Procedure for Identification of ERM Project Requirements document (4-Page template provided)
Procedure for Identification of Statutory, Regulatory, and Contractual Requirements document (1-Page template provided)

* ISO Standards are NOT included in this risk management training, nor provided in class. Students are encouraged to bring their own hard-copies of the standards to the class. ISO standards are available for purchase at www.iso.org.

Frequently Asked Questions: Enterprise Risk Management and ISO 31000

ERM is a holistic, top-down business process designed to identify, assess, manage, and monitor all potential risks and opportunities that can affect an organization's strategic objectives. It is led by senior leadership and provides a continuous and integrated approach to risk.

ISO 31000 provides the "how-to" guide or the overarching set of principles and guidelines for an ERM program. ERM is the actual practice of managing risks at the enterprise level. In this way, ISO 31000 is a standard, while ERM is a strategic discipline.

Enterprise Risk Management (ERM) is a strategic, organization-wide approach that helps an organization not only manage risks but also identify opportunities to drive growth, enhance decision-making, and increase resilience. ERM moves beyond traditional risk management by integrating risk assessment into all levels and functions of a business, rather than addressing risks in isolated departments.

ERM helps organizations to:

Improve decision-making by aligning risk with strategy
Enhance resilience and the ability to achieve objectives
Optimize resource allocation by prioritizing the most significant risks
Strengthen governance, risk, and compliance (GRC) efforts
Establish a consistent enterpise-wide approach to assessing, treating, and managing risks of any kind

Phase 1: Establish commitment and a customized framework

Gain commitment from leadership. Top management must endorse and actively support the adoption of ISO 31000. This involves communicating the value of a strong risk management process to secure necessary resources and influence the organizational culture.
Understand the ISO 31000 standard. The core of the standard consists of three components:
- Principles: The standard's foundation, which includes risk management creating and protecting value, being an integral part of decision-making, and being tailored to the organization.
- Framework: The organizational structure, policies, and resources for implementing risk management.
- Process: The systematic steps for managing risk, which will be applied day-to-day.
Assess current risk practices. Evaluate your existing risk management processes and identify gaps and areas where improvements are needed to align with ISO 31000's principles.
Tailor the framework. Customize the ISO 31000 framework to fit your organization's unique context, including its objectives, culture, and operational realities.
Develop a risk management policy. Create a formal policy that outlines the organization's approach to risk management and integrate it into the governance structure. Ensure the policy is communicated across the entire organization.

Phase 2: Execute the risk management process

Define scope, context, and criteria. Establish the parameters for risk management activities, including what risks are covered, internal and external factors that are relevant, and the standards used for evaluation and decision-making.
Conduct risk assessments. Systematically identify potential threats and opportunities, analyze their likelihood and impact, document them, and prioritize risks requiring attention.
Treat risks. Develop and implement plans to modify risks, considering options such as avoidance, acceptance, reduction, or transfer.
Communicate and consult. Continuously engage with stakeholders to ensure understanding and incorporate diverse perspectives throughout the process.

Phase 3: Monitor, review, and embed a risk-aware culture

Monitor and review continuously. Regularly track risks and the effectiveness of treatments to maintain relevance as the environment changes.
Record and report. Document activities and provide reports to management to ensure accountability.
Foster a risk-aware culture. Promote awareness through training and empower employees to identify risks, making risk management a daily practice.
Audit and improve. Periodically audit the framework and process to ensure alignment with goals and promote continuous improvement.