Risk Management (ISO 31000) Fundamentals Training
A one-day fundamentals programme on ISO 31000. Learn how businesses identify, assess and manage operational and business risks using ISO 31000. Participants work through practical examples and a guided case before drafting actions for their own organisation.
Who should attend: Managers, process owners, operations, risk, compliance and internal audit staff. No prior framework knowledge is required.
HRD Corp claim support available
Programme Agenda
9:00 AM to 10:00 AM
Risk, Objectives and Principles
Introduce ISO 31000:2018 and risk as the effect of uncertainty on objectives. Distinguish a risk, an issue and a control, using both opportunities and adverse outcomes.
10:00 AM to 10:15 AM
Break
10:15 AM to 11:30 AM
Framework, Roles and Context
Explain leadership, integration, communication and consultation. Define the activity's scope, internal and external context, risk criteria and ownership before selecting a scoring method.
11:30 AM to 12:30 PM
Identifying and Analysing Risks
Write cause-event-consequence statements. Explore likelihood, impact, existing controls and uncertainty. Explain why a precise-looking score is not a substitute for understanding assumptions and evidence.
12:30 PM to 1:30 PM
Lunch
1:30 PM to 2:45 PM
Evaluation and Treatment
Compare assessed risks with criteria and priorities. Consider avoiding, changing, sharing or retaining risk, and identify the authority needed to accept residual risk.
2:45 PM to 3:00 PM
Break
3:00 PM to 4:00 PM
Monitoring and Reporting
Build a useful risk register with actions, owners and review triggers. Explain escalation, indicators, records and review after a material change or incident.
4:00 PM to 5:00 PM
Practical Exercise: A Supplier Disruption
Assess a fictional supplier dependency, compare treatment options and document residual risk. Present a short management recommendation with ownership and review dates.
Key Outcomes
- Write clear risk statements linked to objectives
- Apply basic assessment and evaluation criteria
- Choose proportionate treatments and owners
- Maintain a practical risk register
Training Mode Physical / Online / Hybrid
HRD Corp Subject to programme eligibility and HRD Corp approval
Level Fundamentals / Beginner. No prior framework knowledge required.
Duration 1 Day | 9:00 AM to 5:00 PM (6.5 learning hours, excluding breaks)
Venue In-house at the client's premises, or delivered via the client's preferred platform (Microsoft Teams, Zoom, or equivalent)
Assessment Group case exercise and a 10-question knowledge check
Certificate Orbix Certificate of Completion upon full attendance; not a professional certification
Malaysia Relevance
High relevance across Malaysian industries. Examples include suppliers, operations, people and technology, helping teams prioritise uncertainty against objectives rather than treating every risk as a cybersecurity issue.
Practical Takeaways
A cause-event-consequence risk register and treatment decision worksheet.
Download a sample practice worksheet (TXT). This fictional exercise is a preview of the learning approach. About Orbix; contact us to confirm the facilitator and relevant experience for your delivery.
Course Completion and Next Steps
ISO 31000 provides risk management guidance rather than certifiable management system requirements. This course awards an Orbix Certificate of Completion, not an ISO 31000 professional credential or organisational certification.
Frequently Asked Questions
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Reference material: ISO: ISO 31000:2018.