ISO 31000 - The Fundamentals of Enterprise Risk Management

Since the dawn of the 21st century, we have witnessed many shocking financial and business crises such as the global financial crisis of 2008, the real estate bubble or boom, and the Internet bubble among others. Think of how many companies shut their doors and went bankrupt, how many employees lost their jobs, and how much money was wasted in the wake of those crises.

Risk has two aspects: uncertainty and bad consequences due to uncertainty. Since businesses have to make decisions in the face of uncertainty, they will always face some risks. This course covers different types of risk and the common appetites or attitudes individuals have towards them. We also explain the framework for ISO 31000, an international standard for risk management and the steps for applying risk management in line with it.

Enterprises face many kinds of risks, some of which can cause big losses or even bankruptcy. Some risks are diversifiable and controllable but others are very hard to diversify or control; some are insurable, and others are not. Enrol in this course today to gain a holistic understanding of enterprise risks and how the ISO 31000 standard helps to manage them.