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ISO 31000 & IEC 31010: Risk Manager Training (Udemy.com)

Master the ISO 31000 framework and IEC 31010 risk assessment techniques — FMEA, HAZOP, bow tie, Monte Carlo and more

Created by: Cristian Vlad Lupa

Last updated July 2026

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What you will learn

  • The risk management framework of ISO 31000
  • Principles of risk management
  • Selection of the risk assessment techniques
  • Risk techniques of IEC 31010
  • Risk treatment options

How it compares

Against the other 1,210 rated Udemy courses in Business on CourseDuck:

  • Rating4.4 out of 5higher than 27% of them
  • Reviews4,222#182 of 1,211 by number of reviews
  • Length3.5 hourslonger than 57% of them
  • Last updatedJuly 2026more recently than 78% of them

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Course Description

ISO 31000 is the international standard for risk management — the framework and principles used worldwide for enterprise risk management (ERM) in organizations of every type and size. Its companion standard, IEC 31010, provides the toolbox: dozens of risk assessment techniques for identifying, analysing and evaluating risk. This course teaches both.

After completing the lessons you will understand the principles of risk management, the ISO 31000 framework and process, how to select and apply risk assessment techniques, and the options available for risk treatment.

Course structure

  • Risk management and the ISO 31000 framework — general concepts, the structure of the standard, and how the framework integrates risk management into the organization

  • The principles of risk management — the eight principles that make risk management effective

  • Leadership and commitment — the support and involvement of top management in the risk management process

  • The risk assessment process — risk identification, risk analysis and risk evaluation, and how to select the appropriate technique for each situation

The risk techniques of IEC 31010

The core of the course: the risk assessment techniques of IEC 31010, each explained in an easy-to-understand way with simple examples, including:

  • Brainstorming, structured and semi-structured interviews, and the Delphi technique

  • HAZOP (hazard and operability study) and HACCP (hazard analysis and critical control points)

  • Business impact analysis (BIA) and root cause analysis (RCA)

  • FMEA and FMECA — failure modes, effects (and criticality) analysis

  • Fault tree analysis, event tree analysis, and cause–consequence analysis

  • Cause-and-effect analysis and bow tie analysis

  • Reliability-centred maintenance and Markov analysis

  • Monte Carlo simulation

  • The consequence/probability matrix (risk matrix)

  • Cost–benefit analysis and multi-criteria decision analysis

  • and others

Risk treatment and beyond

The final part of the course covers the risk treatment options, the concepts of residual risk and secondary risk, and the monitoring and continual improvement of the risk management process. A quiz at the end lets you test your understanding.

Who this course is for

  • Risk managers and risk analysts building a structured, standards-based foundation

  • Professionals implementing enterprise risk management (ERM) programs

  • Quality, safety, security and compliance professionals — risk assessment is the engine of every ISO management system (ISO 9001, ISO 14001, ISO 45001, ISO/IEC 27001)

  • Project managers, engineers and business analysts who need practical risk assessment techniques

  • Auditors and consultants evaluating risk management processes

Learn how to develop and apply a risk management process following the framework of ISO 31000 — with the full IEC 31010 toolbox at your disposal.

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Instructor Details

Cristian Vlad Lupa

Who am I?
I’ve been working in the field of standards, auditing, and certification since the early 2000s. Over the years, I’ve contributed to hundreds of projects across various industries and disciplines. Today, I work with RIGCERT, an accredited certification body based in Europe.

What do I do?
I translate the knowledge and best practices from international standards and recognized compliance frameworks into clear, practical language — to help individuals and organizations improve.

How do I teach?

I design and record every course myself. You will be learning from a human instructor with real-world auditing experience — not from AI-generated content. Since launching my first course in 2016, my focus has always been on extracting the core ideas from complex subjects and delivering them in a clear, concise format. I only build and publish courses that I myself would take.

What are my interests?
My work spans quality management, information security, data protection and privacy, artificial intelligence governance, risk management, business continuity, occupational health and safety, environmental management, energy management, compliance, food safety, and others.


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Reviews

4.4

4,222 ratings on Udemy

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By Gannon Day on 3/9/2026

Great lesson for manager review of the ISO 31000 information. I think a little more time could have been spent on the formulas and Risk techniques, but if you are comfortable with what is presented then this will be a good course to refresh and possibly spark an idea or two of what to use in your own life.

By Magnus Nielsen-Man on 1/23/2026

gives a quick overview of ISO 31000. Its very applied in that it dwelves into iso 31010 and gives overview of every risk assesment techniques. As such it serves as an overview or dictionary for tq. And i would receomend it as Project manger: Iso knowledge and applied tool overview (very relavant ) Risk Mangeer: Iso and risk assesment tool knowledge. Actual applied risk mangement diciplines (governance, independance, facilitation, risk aggregation ) is higly limited. I suspect it is also the case in the actuel ISO 31000 and not at fault of the instructor. I bring it up however as the corse is named "Risk Manager Training" and i think "Risk manger gerneral Framework knowledge" is more accurate.

By Darrell Klar on 1/20/2026

This is a good course with lots of information. The presenter uses slide decks and talks to those points. Unfortunately, this style of delivery does not provide the engagement I prefer where there are demonstrations and opportunities to see content in action. Overall, strong content, but with a lot of 'one way' listening.

By Luis Rodolfo Escobar Zanella on 12/3/2025

This course shows a variety of different techniques and where they can be used in real life which is very important, since most of the times people is limited to use just a few og them because of the lack of awareness about the existence of more available options

By Khushboo Khushboo on 10/5/2022

Great course to understand various Risk Management Techniques under ISO 31000 to decide to deep dive into one or more that's applicable. The trainer used great examples to explain most of the techniques which helped clearing the concepts. Thank you!

By Anonymized User on 2/18/2021

The information provided is useful. However, the format could benefit from some modernization, storyboarding in particular and perhaps making it more interactive (some periodic quizzes). The instructor's accent also makes it difficult to follow at times for native english speakers.

By Andrei Tereshko on 5/18/2020

Very interesting course. The information was provided in an understandable way, competently structured. The course provides an excellent foundation for deepening the topic of risk management and risk analysis techniques. I am satisfied!

By Andres Julio Zabala Scharpp on 4/28/2020

The course is a very good option as an overview of iso31010 in the context of iso31000, as indicated by the speaker. However, I think it would be of interest to include as a guide for the course, the classification shown in figure A.1, where each technique is assigned as the most appropriate in certain stages of the risk assessment (iso 31010: 2019).

By Anish Kumar on 4/28/2020

As this is my first course in Udemy, it was an amazing experience to attend this course as all the content was very well constructed as well as the instructor is an expert so it further made the course easier to understand. Since this is a basic course which provides the guidelines of risk management, I will further attend the related courses in the near future whenever required in my career ahead.

By Eduardo Campos Rodrigues on 4/18/2020

This course offers a very good overview of all the main techniques used. I think this is the most complete risk course for those wanting to learn more about other options other than the typical tools. Some techniques were rushed and missed good examples, but I still give it 5 stars as it should be seen as a course that sets a very good foundation. Thanks to it I have selected a few techniques I want to study and lean in details.

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Overall Score : 88 / 100