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Fundamentals of Risk Management (FoRM)

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Course Overview

Managing risk is an inherent part of delivering organisational success today. This course covers the fundamentals of enterprise risk management in a dynamic and interactive learning environment. The course will use the theory and practice of risk management in line with international standards  (ISO 31000) and industry best practices.


The course uses a combination of case studies, practical exercises and current affairs to bring material to life. Our trainers will bring you a wealth of industry expertise. Upon completion of this course, you should have a solid understanding of how effective risk management can benefit your organisation.

View all FoRM dates here

Who should take this course

  • Anyone who needs to understand risk management and the role it plays in their area of business (operational and support managers)

  • Anyone who needs to know how risk affects strategy and decision-making - (Senior Executives)

  • Anyone new to risk who wants to feel more confident in enterprise risk management

  • Anyone who wishes to enter the risk profession

  • Anyone looking for a refresher to enhance their knowledge  

  • Students who wish to use the course to support their study material for the certificate and diploma (IRM students)

  • Anyone who needs to know about the relationship between risk management and audit and compliance (Risk, Audit and Compliance professionals)


Benefits of attending

  • Understanding key risk management terminology and applications in an organisational context

  • Practical risk management tool kit designed for immediate use in your role

  • Best practice sharing and networking with like-minded professionals from across the globe

  • 12 CPD hours


Our commitment to your professional development:

*Does not apply to the existing member rate and the low GDP rate

Learning Objectives

1)       Setting the scene

  • Understanding risk maturity
  • Understanding the risks around us

2)       What is Risk?

  • Learn How to define Risk
  • Understanding how risk management can be used to both maximise opportunities and minimise threats
  • Understanding the principles and processes of risk management
  • Establishing the attributes of effective risk management

3)       Context and Objectives

  • Understanding the purpose and scope of risk management
  • Establishing the relevant risk framework including roles & responsibilities, policies and appropriate guidance
  • Develop an awareness of risk appetite

4)       Risk Assessment

  • Gain and Awareness of identification techniques
  • Assessing risk and selecting appropriate actions and controls using key tools, such as risk registers, risk bow-ties and risk matrices
  • Practically applying risk assessment using case studies to identify and analyse

5)       Risk Action

  • Understanding risk treatment plans and smart actions
  • Recognising control effectiveness
  • Awareness of business resilience 

6)       Monitoring, Communication and Reporting

  • Techniques to keep the risk management process alive through effective monitoring and reviewing
  • Develop an appreciation of effective risk reporting
  • How to effectively communicate risk to all levels of your organisation and external stakeholders

Course Dates

Date Duration CPD  Location Members Non-members Book Now
31 May - 1 June 2023 2 Days 12 Hours London - IRM Office £895 +VAT £995 +VAT

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21 - 22 June 2023 2 Days 12 Hours London - IRM Office £895 +VAT £995 +VAT

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For all enquiries please get in touch with the training team on +44 (0)20 7709 9808 or at

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