Q. Which organization administers the exam and provides the certifications?
A. The Global Institute for Risk Management Standards is the only entity licensed to administer these exams and certify candidates who pass the exam.
Q. What designation does the ISO 31000 Foundations Exam provide?
A. After passing the certification exam, you receive the designation C31000 – Certified ISO 31000 Risk Management Professional.This means that you have demonstrated knowledge, proficiency and competence for the ISO 31000 Risk Management Standard.
Q. What designation does the ISO 31000 Lead Trainer Exam provide?
A. After passing the special certification exam for trainers, you receive the designation CT31000 – Certified ISO 31000 Lead Trainer.This means that you have demonstrated knowledge, proficiency and competence and the skills and ability required, to train others about the ISO 31000 Standard.
Q. Why does the duration for ISO 31000 training sessions vary between two and three days?
A. We seek to ensure that our trainees develop knowledge, proficiency and competence in ISO 31000. The duration of training depends on a number of factors: the profile of the attendees, the particular trainer and the training venue. For example, in a three day training, the trainer will usually provide many more specific industry examples for risk management. Likewise, training sessions attached to our annual conference will routinely have only a two day duration. This assumes that attendees who have been immersed in ISO 31000 during the conference are primed to learn and pass the examination. Trainees who have expressed an interest in being examined for the CT31000 certification will find themselves better prepared by attending a three day course. Course pricing varies, depending on the course venue and duration.
Q. How many questions are in the exams?
A. The C31000 exam provides a large number of questions (80) to be answered in a very limited amount of time (2 hours). The CT31000 (Certified Lead Trainer) exam has 100 questions to be answered in the same amount of time (2 hours).
Q. What must I know to pass?
A. To pass this exam, you must demonstrate mastery of both the content and the philosophy of the ISO 31000 Standard. These are presented in great detail during the course.
Q. Are all exams which you administer the same?
A. No. Exam questions are randomly selected from a database of hundreds of questions and answers developed by The Global Institute for Risk Management Standards and peer reviewed by over 20 international experts.
Q. Is the exam in essay format?
A. Each question has four multiple choice responses. Two of these four choices may sometimes both be true, but one provides a better answer, according to the ISO 31000 Standard. You must demonstrate a high level of knowledge to pass this exam.
Q. What is the passing grade?
A. To earn the C31000 credential, participants must receive a 75% score (answer 60 questions correctly out of 80) to pass. To earn the CT31000 credential, participants must receive a 75% score (answer 75 questions correctly out of 100).
Q. Sounds Hard. How hard is the ISO 31000 Foundations Exam?
A. The exam is comprehensive and tough. There are many questions that require active thinking. Some answers have slight differences between two choices, which may require re-reading.
Q. Must I take the exam?
A. The exam is voluntary. Participants who complete this course will receive a Certificate of Completion from the Global Institute for Risk Management Standards. Those who pass the exam will receive a Certificate of Certified ISO 31000 Foundations from The Global Institute for Risk Management Standards . Certified Lead Trainers receive an additional certificate.
Q. Who grades this exam?
A. The Global Institute for Risk Management Standards grades the exams in adherence to the ANSI ISO/IEC 17024 Standard and issues the certificates earned.
Q. How can I prepare for the exam?
A. Read the standard and sign up for the G31000 Linked In Discussion Group before taking our course. Examine each of the posts and try to determine whether the author’s words are in line with the standard or not. Don’t worry! Most candidates, over 85% of those examined, pass the exam.
Q. Do I need a copy of the ISO 31000 Standard and where do I get it?
A. Your trainer will provide you with a copy of the ISO 31000 documents for your use during the training. Depending on the training venue and licensing requirements, you may be permitted to retain this copy for your professional use after the training sessions.
Q. When may I train individuals and groups on the ISO 31000 Standard?
A. The standard is in the public domain and anybody may use it or teach it. To become a Certified Lead Trainer approved by The Global Institute for Risk Management Standards, you must take a more difficult exam with 100 questions and get a passing grade of 75%. This entitles you to the designation, Approved Lead Trainer – CT31000 and you will receive an interim certificate to that effect.To become certified, you must commit to present one supervised, public or private ISO31000 training course within six months of taking this exam. Your supervised course will be overseen by a regional G31000 representative. Upon successful completion of this validation procedure, you will become a Certified ISO 31000 Lead Trainer – CT31000. An additional diploma will be issued to you at this time for this coveted designation. Please recognize that validation entails a substantial resource commitment, as you will be required to pay the G31000 representative for his or her travel and lodging expenses plus a per-diem rate for their time.
Q. Do my certifications expire?
A. Your initial C31000 certification is valid for three years from the date of your exam. To renew your certification status for an additional three years, you must either:
- Maintain continuous G31000 membership in good standing and also attend a G31000 risk management conference in one of every three years.
- Take an online exam which demonstrates your continued proficiency in the ISO 31000 risk management standard. At this time, the re-certification exam fee is $450.00 USD.
Your initial CT31000 Lead Trainer certification is valid for three years from the date of your exam. To renew your certification status for an additional three years, you must:
- Maintain continuous G31000 membership in good standing.
- Attend a G31000 risk management conference in one of every two years.
- Be actively providing G31000 training sessions – a minimum of two training sessions annually.
Q. Where can I learn more about G31000?
A. See additional faqs here