Professional Evaluation and Certification Board
delivering certification training programs across a range of ISO standards and regulatory frameworks
ISO 31000 - Lead Risk Manager (LRM)
Course Code
ISO 31000-LRM
Course Category
ISO Standards
Learning Mode
Self-Study
Examination
Yes (Optional)
Course Material
Downloadable Manual
ISO 31000 - Lead Risk Manager (LRM)
A comprehensive understanding of the principles, framework, and processes of risk management as articulated in ISO 31000
Risk is inherently linked to decision-making. Organizations that master risk management effectively protect value, elevate performance, and achieve outstanding outcomes.
The ISO 31000 Lead Risk Manager training course is desiged to equip participants with a comprehensive understanding of the principles, framework, and processes of risk management as articulated in ISO 31000. It combines theoretical foundations with practical strategies, empowering you to establish, implement, maintain, and continuously improve a risk management framework and process within an organization.
Certification Pathway: Upon completion, participants can sit for the exam and apply for the “PECB Certified ISO 31000 Lead Risk Manager” credential, demonstrating the ability to support and lead risk management processes using ISO 31000 guidelines and best practices.
Learning Objectives & Outline
ISO 31000 - Lead Risk Manager (LRM)
By the end of this training course, participants will be able to:
Explain fundamental concepts and principles of risk management
Establish and improve a risk management framework based on ISO 31000
Initiate and plan implementation of a risk management process
Apply best practices to support the management of risks based on ISO 31000
Included in this course are the following modules:
Section 1 - Introduction to ISO 31000 and risk management
Fundamental concepts of risk management
Risk Standards and regulatory frameworks
ISO 31000 principles, framework, and process
Risk Leadership and commitment
Section 2 - Establishing the risk management framework and initiating the risk management process
The Risk management framework
Scope, context, and criteria of the risk management process
Risk identification
Section 3 - Risk analysis, risk evaluation, and risk treatment according to ISO 31000
Risk analysis
Risk evaluation
Risk treatment
Section 4 - Recording and reporting - monitoring and review - communication and consultation in accordance with ISO 31000
Risk Recording and reporting
Risk Monitoring and review
Risk Communication and consultation
Examination
ISO 31000 - Lead Risk Manager (LRM)
The “PECB ISO 31000 Lead Risk Manager” exam fully meets the PECB Examination and Certification Program (ECP) requirements. It covers the following competency domains:
Domain 1 - Fundamental principles and concepts of risk management
Domain 2 - Establishing the risk management framework
Domain 3 - Initiating the risk management process and risk assessment
Domain 4 - Risk treatment, risk recording and reporting
Domain 5 - Risk monitoring, review, communication, and consultation
After passing the exam, you can apply for one of the credentials in the table below. You will receive a certificate once you fulfill all the requirements of the selected credential.
PECB ISO 31000 Risk Manager
Professional experience: 2 years (1 in risk management)
Risk management experience: at least 200 hours
PECB ISO 31000 Lead Risk Manager
Professional experience: 5 years (2 in risk management)
Risk management experience: at least 300 hours
PECB ISO 31000 Senior Lead Risk Manager
Professional experience: 10 years (7 in risk management)
Risk management experience: at least 1,000 hours
Risk management activities should follow best practices and can include: defining the approach, designing and establishing the framework, implementing the process, identifying assets and sources of risk/opportunity, assessing likelihood and consequences, evaluating treatment options, accepting residual risk, and performing reviews.
Who Should Take this Course
ISO 31000 - Lead Risk Manager (LRM)
This training course is intended for:
Managers or consultants involved in and concerned with the implementation of a risk management program in an organization
Project managers, consultants, or expert advisers seeking to master the implementation of a risk management framework and process
Individuals responsible for risk management processes
Individuals interested in risk management
General Information
Certificate and examination fees are included in the price of the training course.
Participants will receive more than 400 pages of comprehensive training materials, including practical examples, exercises, and quizzes.
Participants who have completed the training course will receive an attestation of course completion worth 31 CPD (Continuing Professional Development) credits.
Candidates who have completed the training course with one of our partners and failed the first exam attempt are eligible to retake for free the exam within a 12-month period from the course completion date. Fees paid for the training course includes a first exam attempt and one retake. Otherwise, retake fees will apply.
Enrollment & Payment
Important
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Registration and payment for this training course are prerequisites to participation.
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Upon payment, you will receive an "Invitation to create a PECB account" from PECB (Professional Evaluation and Certification Board), the global accreditation body for this course of study. This will allow you to set up your account with the requisite pass codes for access to the learning portal.
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Once completed, your application will be processed within a maximum of two working days, after which you will receive notification by email confirming finalization of registration to access the portal and commence this course of study.