Risk Management

You should implement an appropriate management system to control the risks in a company with ever faster processes and in a complex world. This will reduce unforeseeable situations, losses and costs.

In this module, you will gain the knowledge of risk management in accordance with DIN 31000 in order to introduce and continuously improve a professional risk management system. The standard and the integration of risk management in all processes and activities of a company should constantly create and maintain value. Risks, which can also be gifts for improvement, offer you new opportunities on the market.

Quick Info

Contents

  • Fundamentals
  • Risk strategy
  • Risk culture
  • DIN 31000
  • Risk management process
  • Delphi method
  • Mind map
  • Morphological box
  • Risk matrix
  • Bow Tie Analysis
  • Introduction to the FMEA
  • Fault tree analysis
  • Event tree analysis
  • Root cause analysis
  • Risk register
  • Heat maps
  • Key Risk Indicators
  • Control Self-Assessments
  • Creativity techniques
  • Ishikawa diagram

Duration on request

Dates on request

Key information

DIN 31000 is an international standard for risk management that was developed by the International Organization for Standardization (ISO) and is recognized worldwide. It provides a framework and guidelines for the systematic identification, assessment, monitoring and control of risks in organizations.

The aim of the standard is to support companies in proactively managing risks, identifying opportunities and minimizing negative effects. DIN 31000 emphasizes the importance of a holistic and systematic approach to risk management that promotes the integration of risk management processes into general corporate management.
It also emphasizes the involvement of stakeholders, the consideration of external and internal contexts and the continuous improvement of risk management practices. By applying DIN 31000, organizations can respond more effectively to uncertainties, improve their decision-making and strengthen their resilience and resistance in the long term.

Beneftits

  • Risk reduction
  • Better decision-making
  • Improved financial performance
  • Protection of the corporate image

Risks

  • Misjudgments
  • Complexity
  • Costs
  • Overregulation
  • Excessive caution

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