ISO 31000 Lead Risk Manager

PECB lists five competency domains: fundamental principles and concepts of risk management; establishment of the risk management framework; initiation of the risk management process and risk assessment; risk treatment, risk recording and reporting; and risk monitoring, review, communication and consultation. The course agenda maps onto these, with days one to four teaching the content and day five reserved for the certification exam.

PECB does not state the exam format, item count, duration, or language list on this course page; it directs candidates to its List of PECB Exams and Exam Rules and Policies for exam type, available languages, and other details. Check those two documents before you book, since they are the authoritative source for format and language questions.

The course is taught as theory plus best practices, and PECB says the in-course quizzes closely mirror the exam structure, so treat them as your main diagnostic. Work through the more than 400 pages of materials, then practise applying framework establishment and process steps to a realistic organization. Spend extra time on whichever of the five domains your quiz results show as weakest.

Yes, under conditions. Candidates who completed the course with a PECB partner and failed the first attempt may retake the exam free of charge within a 12-month period from the course completion date, because the course fee includes a first attempt and one retake. Outside that situation, retake fees apply. Contact PECB for the details of your specific case.

No. PECB states that certificate and examination fees are included in the price of the training course. Note that this covers the exam and certificate; the credential application itself depends on meeting the experience requirements for the level you apply for, which are separate from passing the exam.

For PECB ISO 31000 Lead Risk Manager, PECB lists five years of total professional experience, two of them in risk management, plus at least 300 hours of risk management activities. Lower levels exist: Provisional Risk Manager requires no experience, Risk Manager requires two years (one in risk management) and 200 hours, and Senior Lead Risk Manager requires ten years (seven in risk management) and 1,000 hours.

PECB says the activities should follow best practices and include defining a risk management approach; designing and establishing a risk management framework; implementing the risk management process; identifying assets, existing measures, and sources of risks and opportunities; assessing likelihood and consequences; evaluating risk levels and treatment options; assessing and accepting residual risks; and performing risk management reviews.

Treating the course as pure theory. The exam domains test framework establishment and process execution, so candidates who memorize definitions but never practise initiating the process, assessing risk, selecting treatment options, or recording and reporting results tend to struggle. Build a worked example end to end, and use the quizzes to confirm each domain before exam day.

The course runs five days: four days of instruction and the certification exam on day five. Participants receive more than 400 pages of training materials with practical examples, exercises, and quizzes, and attendees receive an attestation of course completion worth 31 CPD credits. PECB requires a fundamental understanding of the risk management framework, process, and principles to attend.

No. This is independent study material written to help candidates prepare; it is not affiliated with, endorsed by, or produced by PECB, and it is not an official question bank. Always confirm exam rules, credential requirements, fees, and policies directly with PECB, because those terms can change and the official documents take precedence over any study guide.