The aim of the Enterprise Risk Management (ERM) Specialist Technical subject is to instil in successful candidates the key principles underlying the implementation and application of ERM within an organisation, including governance and process as well as quantitative methods of risk measurement and modelling.
This course covers the basic concepts of Enterprise Risk Management and important elements that finance executives and personnel need to be aware of when implementing ERM across their company.
One of the most distinguished frameworks to address risk is provided by ISO 31000, an international standard that incorporates principles, proven practices, and guidelines on managing risks faced by organizations.
Risk management professionals. Individuals seeking to gain knowledge about the ISO 31000 guidelines for risk management principles, framework, and process. Individuals responsible for the creation and protection of value in an organization. Personnel tasked with managing the risks and opportunities in their area of responsibility. Risk directors, managers, officers consultants responsible for the effective management of risk in an organization. Top management members who seek guidance on how risk management should be integrated at a strategic level. Individuals responsible for risk management processes. Individuals interested to pursue a career as a risk manager.
Gain in-depth knowledge of risk identification, assessment, and mitigation strategies. Demonstrate the competencies to establish a risk management framework that is tailored to the needs and context of an organization. Apply the risk management process effectively, including risk identification, assessment, treatment, monitoring, and communication. Builds confidence among investors, partners, and customers through structured risk management practices. Show awareness of the importance of integrating risk management into significant activities and functions of an organization . Evaluating the effectiveness and continually improve the suitability and adequacy of the risk management framework. Structured approach to prepare for the PECB Certified ISO 31000 Risk Manager exam.
No, ISO 31000 is not intended for certification purposes. It provides guidelines and best practices to help organizations develop their risk management frameworks and processes but does not include requirements for certification.
What are the prerequisites for this course?
A fundamental understanding of ISO 31000 and comprehensive knowledge of risk management are recommended.
Will I receive a certificate upon completion?
Yes, a professionally recognized certificate will be awarded upon successful completion of the course.
Can ISO 31000 be applied to any industry?
Yes, ISO 31000 is designed to be applicable to any organization, regardless of size, industry, or sector. Its guidelines are generic and can be customized to fit the specific context of any organization.
How does ISO 31000 relate to other risk management standards?
ISO 31000 provides a high-level, overarching framework for risk management. It can be used in conjunction with other standards that address specific types of risk or are tailored for particular industries, ensuring a comprehensive approach to managing risk.
What is the examination process?
Upon completion of the training course, participants can sit for the "PECB Certified ISO 31000 Risk Manager" exam. The exam covers the following competency domains:
Fundamental principles and concepts of risk management.
Establishing the risk management framework.
Application of the risk management process.
What are the certification requirements?
To obtain the "PECB Certified ISO 31000 Risk Manager" credential, candidates must:
Pass the certification exam.
Have two years of professional experience, with at least one year in risk management.
Accumulate a total of 200 hours dedicated to risk management activities.