Course Duration: 3 Days

Course Category: Information Controls & Security


21 Contact Hours

Mastering Risk Assessment and Optimal Risk Management based on ISO 27005 and ISO 31000 (Certified ISO 27005/ISO 31000 Risk Manager)



In this three-day intensive certification course, participants develop the competence to master the basic risk management elements related to all assets of relevance for information security using the ISO/IEC 27005:2011 and ISO 31000:2009 standards as a reference framework. Based on practical exercises and case studies, participants acquire the necessary knowledge and skills to perform an optimal information security risk assessment and manage risks in time by being familiar with their life cycle. This training fits perfectly in the framework of an ISO/IEC 27001:2005 standard implementation process.


ISO 27005 and ISO 31000 are guidance standards on risk management and they are not certifiable standards for an organization.



Learning Objectives

  • To understand the concepts, approaches, methods and techniques allowing an effective risk management according to ISO 27005 and ISO 31000
  • To interpret the requirements of ISO 27001 on information security risk management
  • To understand the relationship between the information security risk management, the security controls and the compliance with the requirements of different stakeholders of an organization
  • To acquire the competence to implement, maintain and manage an ongoing information security risk management program according to ISO 27005 and ISO 31000
  • To acquire the competence to effectively advise organizations on the best practices in risk management

Who Should Attend

  • Risk managers
  • Persons responsible for information security or conformity within an organization
  • Member of the information security team
  • IT consultants
  • Staff implementing or seeking to comply with ISO 27001 or involved in a risk management program



Facilitation Approach

This training is based on both theory and practice:

  • Sessions of lectures illustrated with examples based on real cases
  • Practical exercises based on case studies
  • Review exercises to assist the exam preparation
  • Practice test similar to the certification exam


  • The “Certified ISO 27005/31000 Risk Manager exam covers the following competence domains:
    • Domain 1: Fundamental concepts, approaches, methods and techniques of information security risk management
    • Domain 2: Implementation of an information security risk management program
    • Domain 3: Information security risk assessment based on ISO 27005 and ISO 31000
  • Duration: 2 hours
  • For more information about the exam, refer to
  • The “Certified ISO 27005/31000 Risk Manager” exam fully meets the requirements of the PECB Examination and Certification Program (ECP).
  • In case of failure of an exam, participants are allowed to retake the exam for free under certain conditions


  • The candidate without any professional experience would be certified as ISO 27005/31000 Provisional Risk Manager. Those with two years experience including one year of Risk Management related work experience would receive a credential of “Certified ISO 27005/31000 Risk Manager.
  • A certificate will be issued to participants who successfully pass the exam and comply with all the other requirements related to the selected credential.
  • The certification exam and the certification are awarded by Professional Evaluation Certification Board (PECB). PECB is a Canadian based certifying body certified by ANSI (American National Standards Institute) and ANAB, the US accreditation body for Management Systems that accredits ISO/IEC 17021 certification bodies on several areas. PECB offers certifications on Information Security, ISO 27005/31000 Risk Manager, Risk Management, IT Service Management, Business Continuity, Quality Management, Occupational Health &Safety, Environmental Management, Food Safety, Social Responsibility and Supply Chain Security. More info on PECB can be seen at


  • A student manual containing over 250 pages of information and practical examples will be distributed to participants
  • A participation certificate of 21 CPD (Continuing Professional Development) credits will be issued to participants

Course Agenda

Day 1: Introduction, risk management program, risk identification and assessment according to ISO 27005 and ISO 31000

  • Concepts and definitions related to risk management
  • Risk management standards, frameworks and methodologies
  • Implementation of an information security risk management program
  • Understanding an organization and its context
  • Risk identification and risk analysis

Day 2: Risk evaluation, treatment, acceptance, communication and surveillance according to ISO 27005 and ISO 31000

  • Risk evaluation and risk treatment
  • Risk assessment with a quantitative method
  • Acceptance of information security risks and management of residual risks
  • Information security risk communication
  • Information security risk monitoring and review

Day 3: Introduction to risk assessment methodologies and ISO 27005/31000 exams

  • Introduction to risk assessment methodologies
  • Certified ISO 27005/31000 Risk Manager Exam (2 hours)

Available Funding Support
Malaysia Only

HRDF Logo_white2This course is HRDF SBL & HRDF SBL Khas Approved

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