PECB ISO 31000 Foundation case studies
PECB ISO 31000 Foundation · Put your knowledge to work in context.
The PECB ISO 31000 Foundation credential is an entry-level certification that demonstrates understanding of the fundamental concepts of risk and of risk management methodologies based on the guidelines of ISO 31000. The training course presents the basic principles and approaches of managing risks and opportunities, covering key terminology, the risk management framework, and the process for identifying, analyzing, evaluating, and treating risks in a consistent, structured manner. The PECB ISO 31000 Foundation case studies are 5 cases and about 3,330 words.
1Regional Freight Carrier's Register and a Flood-Prone Route
Northline Freight, a 450-employee regional logistics firm, maintains a 60-line risk register. Entries include 'pandemic', 'cyber attack', 'fuel price volatility' and 'driver shortage'.
696 words, about 3 min2Hospital E-Prescribing Risk Assessment Before Go-Live
A 600-bed hospital is introducing an electronic prescribing and medicines administration system in 14 weeks. The risk assessment workshop is attended by six people: three IT staff, two pharmacists and the vendor's implementation lead.
690 words, about 3 min3Project Log Mixing Supplier Failure, Opportunity and Ownership
A project manager for a public-sector records digitisation project maintains a risk log with 40 items. Item 7 is 'supplier may fail to deliver scanning equipment'; the supplier has already missed two delivery dates and has told the project that the equipment is unavailable for at least eight weeks.
698 words, about 3 min4Bank Operational Risk Framework Owned by a Central Team
A mid-sized bank has an operational risk framework approved by the board. The board risk appetite statement contains 12 metrics, including 'losses from external fraud below €2m per year'.
629 words, about 3 min5Tunnel Project Risk Matrix and Community Consultation
A joint venture is building a 3.2 km tunnel. The risk team uses a 3×3 matrix (low/medium/high) to rank 18 risks.
617 words, about 3 min