ISO 31000 Lead Risk Manager case studies
ISO 31000 Lead Risk Manager · Put your knowledge to work in context.
The PECB Certified ISO 31000 Lead Risk Manager is a professional credential issued by PECB for people who lead or support risk management work built on the ISO 31000 guidelines. The training course behind it runs five days: the first four cover the principles and framework of risk management, initiating the risk management process, risk analysis, evaluation and treatment, and then recording, reporting, monitoring, review, and communication and consultation. The ISO 31000 Lead Risk Manager case studies are 5 cases and about 4,293 words.
1Water Utility Risk Register: Compliance Artifact or Decision Tool?
A mid-sized water utility with 1,200 staff supplies 180,000 households. Its enterprise risk register contains 640 entries, reviewed once a year by the compliance manager, who is also the only person with edit rights.
935 words, about 5 min2Transport Department’s Framework: Software Before Mandate?
A state transport department with 4,000 staff and 14 regional offices has been told by the minister to “implement enterprise risk management” after two failures: a 120 million bridge project overran its budget by 40%, and a licensing IT system went live with incorrect fee calculations. Internal audit rated risk management a “significant deficiency.” The risk function is 1.5 full-time staff sitting under the chief financial officer.
836 words, about 4 min3Port Expansion: Risk Assessment Without Scope or Criteria
A port authority is building a $480 million expansion: 2.4 million cubic metres of dredging, a new 400-metre berth, and a 36-month construction schedule. The environmental regulator requires a risk assessment before dredging approval, and a local community group has campaigned against the project over seagrass loss and construction traffic.
829 words, about 4 min4Hospital Medication Safety: Residual Risk Above Tolerance?
A six-hospital network with 1,400 beds reports about 3,100 medication incidents a year, including 42 incidents causing moderate or severe harm and two deaths over five years. The board’s risk appetite states that medication safety risks must be “medium or lower” on the network’s 5×5 matrix.
838 words, about 4 min5Bank Incident: Dashboard Before Response Plan?
A retail bank with 22,000 staff and 140 critical third-party vendors processes 3,200 operational incidents a year. Last November a ransomware attack on a payment vendor caused 36 hours of downtime, affected 11,000 customers, and cost $2.8 million in remediation.
855 words, about 4 min