Understanding ISO 31000:2009 Risk Management

Course Duration: 2 Days - 8 Hours/day

This two-day practical workshop provides an overview of the principles and guidelines for risk management as described in ISO 31000:2009.

The workshop will enable those with accountability and responsibility for risk management activities and the performance of risk management system to identify, analyze and appropriately define risks.

The intent of this workshop is to enable an organization to effectively apply risk management and to analyze and control risks in business and service processes.

Learning Objectives

  • Demonstrate an ability to properly and effectively employ risk management processes and risk treatment methods
  • Demonstrate an ability to identify and analyze risk
  • Be able to document and implement a risk control strategy
  • Explain the relationship between risk and its context to the organization, both internal and external
  • Explain how to categorize risk employing qualitative risk analysis
  • Explain risk in terms of stakeholders’ expectations

Course Outline

  • Overview of Risk Management
  • Risk and ISO 31000:2009
  • Intent of the Risk Management Guidelines
  • Risk Management Terms and Definitions
  • Principles of Risk Management
  • Policy
  • Scope
  • Objectives
  • Defining Context
  • A Process: Find, Identify, Define Risk
  • Principles to Effectively Manage Risk
  • ISO 31000 Clause Overview
  • 4. Framework and Implementation
  • 5. Process, Context and Assessment
  • Workshop Breakouts and Written Exercises
  • Breakout Exercises – Group Work
  • Group Tests
  • Individual Competency Test
  • Summary and Q&A

Who Should Attend

This seminar is designed for leaders responsible for Business Management Systems such as Quality, Environmental or

Health & Safety, business process owners, APQP implementation teams, and management systems auditors—both internal and 3rd party.

Course Materials

Each participant will receive a course manual and related workshop breakout exercise materials. 

Note: Omnex does not provide copies of standard(s) during training courses, but clients are encouraged to have their own copy.


A general awareness of risk and potential consequences is recommended.

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