Course Description
This ISO 31000 foundational course introduces participants to the principles, framework, and process of risk management as outlined in ISO 31000:2018. It emphasizes practical application across traditional and emerging risk domains, including the socio-technical challenges posed by artificial intelligence (AI) and other modern technologies.
Participants will explore how to embed risk management into governance, strategy, and operations, and will engage with interactive case studies, simulations, and scenario-based decision-making. The course fosters a risk-aware culture and equips learners to create and protect value through informed, inclusive, and dynamic risk practices.
Learning Objectives
By the end of this course, participants will be able to:
- Define risk and explain ISO 31000’s core principles
- Design and evaluate a customized risk management framework
- Apply the ISO 31000 risk management process to real-world scenarios
- Differentiate between traditional and emerging risks, including AI-specific vulnerabilities
- Calibrate risk appetite and tolerance across different organizational profiles
- Engage stakeholders effectively through inclusive consultation
- Monitor, document, and improve risk practices for continual learning
Target Audience:
This course is ideal for:
- Risk professionals seeking ISO 31000 certification
- Managers and decision-makers responsible for governance and compliance
- Consultants and auditors working in enterprise or AI risk domains
- Public and private sector leaders aiming to embed risk into strategic planning
Course Syllabus:
Module 0: Introduction to the Course
- Pre-course quiz to assess baseline knowledge
- Overview of course structure and learning objectives
Module 1: Introduction to Risk & ISO 31000
- Defining risk and uncertainty
- Structure and purpose of ISO 31000
- Differentiating traditional vs. emerging risks
- Case studies: AI model bias and operational failure
- Interactive: Principle matching activity
Module 2: Principles & Culture
- Deep dive into the 8 ISO 31000 principles
- Leadership and commitment
- Human and cultural factors
- Interactive: Risk Appetite Calibration
- Case study: AI medical diagnostic tool
Module 3: The Risk Management Framework
- Designing a customized framework
- Integration with governance and strategy
- Evaluation and continual improvement
- Case studies: Startup vs. multinational bank
- Interactive: Framework mapping exercise
Module 4: The Risk Management Process
- Communication and consultation
- Scope, context, and criteria
- Risk assessment: identification, analysis, evaluation
- Risk treatment strategies
- Monitoring, review, and reporting
- Interactive: AI Risk Simulation (FinTrust case)
- Scenario-based decision slide: “What Would You Do?”
Assessment & Certification
- Final assessment based on course content
- Access to a 75-question practice bank
- Certificate of Completion awarded
