Day 2 covers initiation of the risk management process, including defining scope, context, and criteria, and performing risk identification, analysis, and evaluation.
Day 2 focuses on the practical execution of the ISO 31000 risk management process. It moves from framework setup into active risk assessment activities.The day begins with defining scope, context, and criteria. These elements establish boundaries for assessment and ensure that risk evaluation is aligned with organizational objectives and tolerance.Risk identification follows, capturing events or conditions that could affect objectives. Participants then explore risk analysis, which examines the nature of risks, and risk evaluation, which compares results against criteria to determine priorities.These steps form the core of risk assessment and are essential for informed decision-making. Without clear scope or criteria, risk evaluation becomes inconsistent and difficult to justify.By the end of Day 2, participants understand how to apply a structured assessment approach that feeds directly into risk treatment and governance activities covered on Day 3.
Many risk programs struggle because scope and criteria are skipped. Spend time on these steps to avoid inconsistent assessments.Document assumptions early. They shape evaluation outcomes.
“Clear criteria make risk evaluation defensible.”
Expert Trainer
Expert Trainer
Day 2 focuses on establishing the risk management framework and starting the risk management process. It covers the framework, scope, context and criteria, and risk identification.
Day 2 focuses on establishing the risk management framework and starting the risk management process. It covers the framework, scope, context and criteria, and risk identification.
The process includes setting scope, context, and criteria, then identifying risks, analyzing and evaluating them, and selecting treatments. It also includes recording, reporting, and ongoing monitoring and review with communication and consultation.
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