Training FAQs & Answers

How long is the ISO 31000 Lead Risk Manager exam and how is it delivered?

The exam is stated as three hours in duration and is available online. It is described as meeting the PECB Examination and Certification Programme requirements.

What does ISO 31000 mean by a risk management framework?

In ISO 31000 terms, the framework is how risk management is embedded, directed, and sustained in an organization. It defines leadership commitment, governance, and the conditions needed for the risk management process to work consistently.

Why recording and reporting matter in ISO 31000 risk management

Recording and reporting create traceability for risk decisions and enable monitoring and review. They also support communication and consultation so stakeholders can act on consistent information.

How does ISO 31000 support decision-making?

ISO 31000 supports decision-making by providing a structured way to understand uncertainty, prioritize risks, and select treatment options based on defined criteria.

ISO 31000 Risk Manager vs Lead Risk Manager: what's the difference?

The ISO 31000 Risk Manager certification is a 3-day course for professionals who run the risk management process in their role. The Lead Risk Manager certification is a 4-day course for those who lead a risk management program, adding framework design and improvement, process planning, and governance integration. Choose Risk Manager to apply ISO 31000, and Lead Risk Manager to own and improve it.

What are the main steps in the ISO 31000 risk management process?

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.

What does ISO 31000 define as a risk management process?

ISO 31000 defines a structured process that includes setting scope and criteria, identifying risks, analyzing and evaluating them, and selecting treatment options, supported by communication and monitoring.

What is ISO 31000 certification and how do you get certified?

ISO 31000 does not certify organisations. It certifies professionals. PECB offers two certifications based on the ISO 31000 framework: the 3-day PECB Certified ISO 31000 Risk Manager for practitioners applying the standard, and the 4-day PECB Certified ISO 31000 Lead Risk Manager for those leading enterprise risk programmes. Both are recognised internationally and validate your ability to plan and improve a risk management process aligned with ISO 31000:2018.