Mastering the Implementation and Management of Risk based on ISO 31000.risk_management

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.

Who should attend?

  • 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
  • CxO 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

Learning objectives

  • 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 Agenda

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. Details: www.pecb.com 

Duration:        6-10 December, 2017 (5 days)

Venue: DU&T Hall, Ikeja, Lagos.
Fee: N220,000;  registration before– 30 November N200,000 (cover Training, Material, Lunch and PECB Certificate). Discount of 10% for 4-9 participants, 15% for 10 and above.

Registration Details: DU&T Consulting, 0016102526 GTBank Plc.
Enquiry: 08033746076, 08182704246 or amaka@dutconsulting.com

 DU&T Consulting, 5 Afisman Drive, Ikeja,  Lagos.  www.dutconsulting.com