Introduction

Risk is an inherent component of every strategic and operational decision. Organizations that proactively manage risk are better positioned to enhance resilience, safeguard value, and achieve sustainable long-term performance.

The Introduction to Risk Management (ISO 31000 Framework) program, delivered by Global Horizon Training Center, provides a comprehensive and practical foundation in risk management aligned with ISO 31000, the internationally recognized standard for managing risk.

Program Objectives

By the end of this program, participants will be able to:

• Demonstrate a clear understanding of ISO 31000 principles and structure
• Establish and embed a risk management framework within their organization
• Conduct structured risk identification workshops and assessments
• Perform qualitative and introductory quantitative risk analysis
• Develop and implement effective risk treatment and mitigation strategies
• Design, maintain, and update comprehensive risk registers
• Integrate risk management into organizational strategy, governance, and decision-making processes

Target Audience

This program is designed for professionals involved in planning, managing, and overseeing organizational risk, including:

• Project Managers
• Department Heads and Functional Leaders
• Compliance and Governance Officers
• Engineers and Technical Managers
• Internal Auditors
• Board Members and Senior Executives
• Public Sector Leaders
• Professionals engaged in strategic or operational decision-making

Course Outline

Day 1 – Fundamentals of Risk Management

• Definition and concept of risk
• Types of risk: strategic, operational, financial, and compliance
• Distinction between risk and uncertainty
• Risk culture and governance context

Day 2 – ISO 31000 Principles

• Value creation and value protection through risk management
• Integration within organizational governance structures
• Leadership, commitment, and accountability
• Stakeholder engagement and communication

Day 3 – Risk Management Framework

• Establishing internal and external organizational context
• Development of risk management policies
• Defining roles, responsibilities, and accountability
• Integration with corporate strategy and objectives

Day 4 – Risk Management Process

• Risk Identification techniques and tools
• Risk Analysis (qualitative and introductory quantitative methods)
• Risk Evaluation and prioritization
• Risk Treatment planning and implementation
• Monitoring, review, and continuous improvement
• Communication and consultation

Day 5 – Risk Assessment Tools & Treatment Strategies

• Development and maintenance of risk registers
• Designing and applying 5×5 risk matrices
• Use of heat maps for risk visualization
• Application of SWOT and PESTLE analysis
• Introduction to Bow-Tie analysis

Risk Treatment Strategies:

• Avoidance
• Reduction (Mitigation)
• Transfer (e.g., insurance, outsourcing)
• Acceptance (within defined risk appetite)