Certificate in Risk Management

For 3 registrations from the same entity, a standard 10% discount will apply. For over 4 registrations please contact us.

March 4, 2021 9:00 am
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CPD Units
35 hrs
HRDA Eligible: €335, Non-HRDA Eligible: €930 (both + €176.70 VAT)

HRDA is a subsidy provided to companies registered in Cyprus that meet specific criteria. More Information


Thursday 04/03/2021 - 09:00-15:00

Friday 05/03/2021 - 09:00-15:00

Thursday 11/03/2021 - 09:00-15:00

Friday 12/03/2021 - 09:00-15:00

Thursday 18/03/2021 - 09:00-15:00

Friday 19/03/2021 - 09:00-15:00

Monday 22/03/2021 - 09:00-15:00

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Event Details


Risk and uncertainty are part of everyday business life. In today’s increasingly complex business environment the management of opportunity and risk plays a vital role in the  success of any organisation or in the timely and successful completion of any project.


Recent examples of risk management failures in otherwise financially strong and reputable organisations show how risk can destroy an organisation if not adequately managed. Organisations with a sound risk management framework are in a better position to take advantage of the upside and manage the downside of risk.


This course introduces participants to the principles, framework and process of the ISO 31000 risk management standard. The course guides participants on how to develop and implement a risk management programme, define risk appetite and risk tolerance and link opportunity and risk management with the strategic and business objectives of the organisation. The course provides the practical tools for establishing a risk management framework, and applying risk communication and consultation, monitoring and review, and recording and reporting processes based on the ISO 31000 Risk Management Standard. Participants shall acquire the skills to select and apply key risk indicators and the most appropriate techniques for risk treatment depending on the risk and the its acceptance criteria.



Training Objectives


By the end of the programme, participants will:

  • Understand what is uncertainty, risk and risk management
  • Be aware of the various risk management standards
  • Understand the principles of risk management and their application to enterprise risk management
  • Understand the ISO 31000 risk management framework, principles and process
  • Understand risk appetite and risk tolerance
  • Understand how to develop a risk management plan
  • Understand what is risk assessment and the five steps of risk assessment
  • Be aware of the various risk assessment techniques
  • Understand what is risk treatment the various options of risk treatment
  • Understand how to establish a risk communication, consultation, monitoring and review program
  • Understand risk culture and the principles of developing a risk culture



Antonios Karpasitis

Antonis has over 40 years of international professional experience in non-life and life insurance with specialization in construction and large infrastructure projects insurance programs.

Managed the insurance programs of multi-million-dollar projects such as airports, highways, sports centres, housing complexes, dams residential and office buildings etc. in the UAE, Saudi Arabia, Libya and Cyprus.

He has over twenty years of life insurance general management experience in Cyprus and Central Europe with large multinational insurers. Holds a bachelor’s degree in business from SUNY and an Executive Development Diploma from the Wharton School of the University of Pennsylvania.

He holds the title of Chartered Insurer, he is Associate in Risk Management with the Insurance Institute of America, and a Fellow of the Life Management Institute.

He is a certified risk management professional with the Federation of European Risk Management Associations (FERMA) and a PECB certified ISO 31000 Lead Risk Manager. He is also a certified trainer with the Human Resources Development Authority (AnAD) of Cyprus.
See all courses by Antonios Karpasitis