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Enterprise Risk Management: ISO 31000:2009

Practical Case Study Implementation

Why study Enterprise Risk Management: ISO 31000-2009?

Risk management in the current economic times is one of the most critical environments to focus on, as it is specifically addressing uncertainty on objectives. Objective setting is part of the strategic objectives of all organisations and enterprises. The risk management framework (RMF) provides a disciplined and structured process that integrates all risk management activities into the enterprise or organisations development life cycle. Many organisations are just following a certain templated approach to comply with the Apply or Explain Principle as stated in King III. Without understanding the interconnectivity and interdependency of the principles, the Framework and the Process, the outcomes will be haphazard and mediocre.

This short learning programme will take you through the Best Practices and explain each and every step of the way, empowering the delegate to present the final product to the Executive Committees and the Board. It provides a practical implementation course where the delegate is exposed to the life cycle implementation of risk management. From formulating the framework, to the full implementation of the process. The practical implementation of the international standards pertaining to risk management also drive better business, corporate governance and decision makings.


2 days


MSA Attendance based short learning programme

Who should attend?

Anybody involved in the implementation of the international standards pertaining to risk management in the workplace to drive better business, corporate governance and decision making.

Entry requirements
  • A National Senior Certificate

Specific learning outcomes of this short learning programme are to:

  • Understand the context of the organisation and describe it (Internally and Externally (SWOT Analysis Based)
  • Know and understand the objectives of the specific organisation as well as the specific business unit
  • Prioritize the operational objectives and select the top 3 major risks for immediate risk management intervention
  • Develop an all-inclusive risk matrix addressing:
    • likelihood criteria
    • consequence criteria (1 to 4 levels of Consequences)
    • level of risk
    • risk rating
    • levels of authority, directing escalation and decision making processes
  • Conduct a practical risk assessment based on ISO standard described risk assessment techniques. Four of the 22 techniques will be practically applied and utilized. This will include:
    • risk identification
    • risk analysis
    • risk evaluation
  • Learn how to utilize the Bowtie Risk Assessment technique as a risk per page process
  • Compile a risk register out of all the above mentioned information, integrating all the different information processes gathered
  • Develop three lines of defense, using a template regarding a combined assurance model

Contact us

011 950 4009 enquiries@iiemsa.co.za
From outside South Africa
+27 11 950 4009

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