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ISO 31010: Risk Assessment Techniques for Better Decisions

Name: ISO 31010: Risk Assessment Techniques for Better Decisions
Availability: InStock
Rating: 1 (71 reviews)
Author: Sameh Elsayed, FCCA, MSc, FMVA, DipIFR

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Master ISO 31010 risk assessment: risk matrices, FMEA, decision trees, and proven practical risk treatment methods.

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(71) Ratings

0 students

Business

Created by Sameh Elsayed, FCCA, MSc, FMVA, DipIFR

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What you'll learn

Explain the meaning of risk and identify the main types of business risks.
Describe the purpose, structure, and practical applications of ISO 31010.
Explain how ISO 31010 supports the ISO 31000 risk management framework.
Select appropriate risk assessment techniques for different situations and objectives.
Apply brainstorming, checklists, interviews, SWOT, and PESTLE analysis to identify risks.
Use risk registers, risk matrices, risk indices, and heat maps to document and prioritize risks.
Apply Fishbone, Fault Tree, Event Tree, and Bow-Tie analysis to examine risk causes and consequences.
Use FMEA, scoring methods, and decision trees to analyse and compare risks.
Evaluate risks against defined criteria and select appropriate risk treatment options and controls.
Communicate risk assessment results clearly and facilitate effective risk assessment workshops.

This course includes:

1.5 total hours on-demand video

1 articles

4 downloadable resources

32 lessons

Full lifetime access

Access on mobile and TV

Certificate of completion

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Course content

Requirements

Basic Understanding of Business
Interest in Risk Management
Willingness to Learn and Apply

Description

Post Views: 3

Risk is part of every business decision, project, process, and investment. The ability to assess it systematically can mean the difference between informed action and costly uncertainty. This course introduces ISO 31010:2019 and explains how organizations can select and apply effective risk assessment techniques in different business contexts.

You will begin by exploring the meaning of risk, the main types of business risks, and the relationship between ISO 31010 and the broader ISO 31000 risk management framework. The course then guides you through widely used qualitative and quantitative techniques, including brainstorming, structured workshops, checklists, SWOT and PESTLE analysis, interviews, fishbone diagrams, Fault Tree Analysis, Event Tree Analysis, risk registers, risk matrices, Bow-Tie Analysis, heat maps, FMEA, and decision trees.

Rather than simply presenting definitions, the course explains when each technique should be used, how it works, and what its results can reveal. You will also learn how to establish risk evaluation criteria, compare risk treatment options, connect assessment results to appropriate controls, and communicate findings clearly to stakeholders. Practical guidance on facilitating risk workshops, avoiding common assessment mistakes, and integrating ISO 31010 with other management standards will help you translate knowledge into workplace action.

Whether you work in risk management, quality, auditing, finance, operations, project management, health and safety, or business leadership, this course will strengthen your ability to recognize uncertainty and support sound decisions across organizations of all sizes worldwide. Enroll today and develop a practical, standards-based approach to identifying, analysing, evaluating, and managing business risks with greater confidence.