Brit Certifications and Assessments
Brit Certifications and Assessments (BCAA) is a leading UK based certification body. This CB is formed to address the gap in the industry in IT and IT Security sector. The certification body leads in IT security and IT certifications, and in particular doing it with highly pragmatic way.
BCAA UK works in hub and spoke model across the world.
R A C E Framework
The Read – Act – Certify – Engage framework from Brit Certifications and Assessments is a comprehensive approach designed to guarantee optimal studying, preparation, examination, and post-exam activities. By adhering to this structured process, individuals can be assured of mastering the subject matter effectively.
Commencing with the “Read” phase, learners are encouraged to extensively peruse course materials and gain a thorough understanding of the content at hand. This initial step sets the foundation for success by equipping candidates with essential knowledge and insights related to their chosen field.
Moving on to the “Act” stage, students actively apply their newfound expertise through practical exercises and real-world scenarios. This hands-on experience allows them to develop crucial problem-solving skills while reinforcing theoretical concepts.
“Certify” stage is where you will take your examination and get certified to establish yourself in the industry. Now “Engage” is the stage in which BCAA partner, will engage you in Webinars, Mock audits, and Group Discussions. This will enable you to keep abreast of your knowledge and build your competence.
ISO31000:2013 Enterprise Risk Management
ISO 31000 is an international standard for risk management that provides guidelines and principles for identifying, assessing, treating, and monitoring risks within organizations.
It was first published in 2009 and updated in 2018. The standard aims to foster a shared understanding of risks, embed risk management into an organization’s governance and strategy, enhance operational efficiency, and improve stakeholder confidence.
ISO 31000 is applicable to various sectors and activities, helping organizations manage risks proactively and strategically. It does not offer certification but serves as a valuable framework for building robust risk management programs.
Advantages
Improved decision-making: ISO 31000 helps organizations make informed and data-driven decisions, leading to more effective outcomes.
Protection of assets and reputation: Proactively managing risks protects assets, resources, and reputation from potential losses or damages.
Regulatory compliance: Facilitates compliance with legal and regulatory requirements.
Competitiveness and growth: Effective risk management enables organizations to seize opportunities, be more competitive, and sustainable in the market.
Increased profitability: Mitigating risks reduces financial damage and increases profitability.
Preemptive approach: Shifts organizations from reactive to proactive risk mitigation.
Easier funding acquisition: Demonstrating a serious approach to risk management can make it easier to acquire funding from banks and investors.
Implementing ISO 31000 can significantly enhance an organization’s risk management practices, leading to improved decision-making, protection of assets, regulatory compliance, competitiveness, profitability, and easier funding acquisition.
Key Components of ISO31000:
Context: This involves understanding the organization’s objectives, stakeholders, and the environment in which it operates.
Risk Management Framework: This includes the set of components that provide the foundations and organizational arrangements for designing, implementing, mentoring, reviewing, and continually improving risk management throughout the organization.
Risk Management Process: This is a systematic application of management policies, procedures, and practices to the activities of communication, consulting, establishing the context, and identifying, analyzing, evaluating, treating, monitoring, and reviewing risk.
Risk Identification: This involves identifying potential risks and opportunities that could impact the organization’s objectives.
Risk Analysis: This involves analyzing the identified risks to determine their likelihood and potential impact.
Risk Evaluation: This involves evaluating the risks based on their likelihood and potential impact to determine the level of risk.
Risk Treatment: This involves selecting and implementing treatments to mitigate or manage the identified risks.
Risk Monitoring and Review: This involves ongoing monitoring and review of the risk management process to ensure its effectiveness and adapt to changing circumstances.
Risk Communication: This involves communicating risk information to stakeholders in a clear and transparent manner.
These components are essential for implementing a comprehensive risk management approach that aligns with the principles and guidelines outlined in ISO 31000.
Agenda
Introduction
• What is risk?
• What is risk management?
• Why is risk management important?
• How has risk management developed?
• Corporate governance and internal control
• Where and when should risk management be applied?
• Risk specialisms
• Best-practice guidance
Risk Management principles
• Introduction
• Aligns with objectives
• Fits the context
• Engages stakeholders
• Provides clear guidance
• Informs decision-making
• Facilitates continual improvement
• Creates a supportive culture
• Achieves measurable value
Risk Management approach
Introduction • Risk management policy
• Risk management process guide
• Risk management strategy
• Risk register
• Issue register
• Risk improvement plan
• Risk communications plan
• Risk response plan
• Risk progress report
• Relationship between documents
Risk Management process
Introduction • Common process barriers
• Communication throughout the process
• Identify – context
• Identify – identify the risks
• Assess – estimate
• Assess – evaluate
• Plan
• Implement
Embedding and reviewing management of risk
Introduction
• Embedding the principles
• Changing the culture for risk management
• Measuring the value
• Overcoming the common barriers to success
• Identifying and establishing opportunities for change
Risk Perspectives
Introduction
• Strategic perspective
• Program perspective
• Project perspective
• Operational perspective
• Achieving measurable value
• Integrating risk management across perspectives
• Roles and responsibilities
Risk Management document outlines
• Risk management policy
• Risk management process guide
• Risk management strategy
• Risk register
• Issue register
• Risk improvement plan
• Risk communications plan
• Risk response plan
• Risk progress report
Common techniques for Risk Management
• Introduction
• Techniques for the identify– context step
• Techniques for the identify– identify the risks step
• Techniques for the assess– estimate step
• Techniques for the assess– evaluate step
• Techniques for the plan step
• Techniques for the implement step
Risk Management
• Health check
• Purpose
• Process
• Framework
Risk Management Maturity model
• Introduction
• Process improvement
• Definition
• Purpose
• Scope
• Structure/composition
• Levels
• Criteria
• Competencies
• Management of risk
• maturity model
• Use/deployment
Risk specializations
• Business continuity management
• Incident and crisis management
• Health and safety management
• Security risk management
• Financial risk management
• Environmental risk management
• Reputational risk management
• Contract risk management
Exams
The Training is followed by Objective exam for three hours.