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PECB ISO 31000 Lead Risk Manager — Information & Free Practice

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About PECB ISO 31000 Lead Risk Manager

PECB ISO 31000 Lead Risk Manager · US

Key exam facts

Provider
PECB (legal name: PECB Group Pte. Ltd.) administers this examination within its Examination and Certification Program; online delivery and remote invigilation use PECB Exams.
Format
English online, remotely invigilated, open-book multiple-choice examination. Official questions have three options and one correct response; standalone and scenario-based items are used.
Exam questions
Total questions: 80.
Time limit
3 hours of examination time; this excludes the required arrival at least 30 minutes before the start. The handbook permits 30 additional minutes for Lead exams taken in a non-native language, if requested on the exam day.
Passing score
70% (percentage passing score).
Exam fee
Exam without training: USD 1,000 for a Lead exam. For PECB Partner training, eLearning or self-study, the course fee includes the first attempt, one free retake, certification application and first-year AMF. This included cycle must be completed within 12 months of instructor-led course completion, or within 12 months of self-study/eLearning purchase.

Topics covered

  • Fundamental principles and concepts of risk management (15%)

    • Relevant standards and regulatory frameworks
    • Main concepts and terminology
    • Purpose and advantages of risk management
    • Risk management and risk assessment
    • Main elements of risk management
    • Types of risk
    • Relationship between principles, framework, and process
    • Risk management principles

  • Establishment of the risk management framework (17.5%)

    • ISO 31000 framework recommendations
    • Framework components and relationships
    • Leadership and commitment
    • Roles and responsibilities
    • Trends in the risk landscape
    • Internal and external organizational context
    • Risk management policy
    • Resource allocation
    • Risk management plan
    • Framework evaluation and improvement

  • Initiation of the risk management process and risk assessment (31.25%)

    • Risk management process activities
    • Process scope
    • Process context
    • Risk criteria and objectives
    • Risk identification, analysis, and evaluation
    • Risk prioritization
    • Risk assessment techniques

  • Risk treatment, risk recording and reporting (20%)

    • Risk treatment options
    • Risk treatment plan
    • Acceptable and unacceptable risk criteria
    • Risk treatment methods
    • Risk recording and documentation
    • Risk register
    • Protection and control of risk records
    • Risk reporting at organizational levels

  • Risk monitoring, review, communication, and consultation (16.25%)

    • Monitoring and review effectiveness
    • Measurement objectives
    • KPIs and KRIs
    • Types and application of KRIs
    • Monitoring and review reporting
    • Communication and consultation strategies
    • Internal and external stakeholders
    • Communication tools and approaches
    • Consultation process
    • Communication principles
    • Communication frequency
    • Risk escalation

How to prepare

Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.

These independent practice questions are not actual exam items and do not guarantee a passing result.

Frequently asked questions

What is the exam format?

English online, remotely invigilated, open-book multiple-choice examination. Official questions have three options and one correct response; standalone and scenario-based items are used.

How many questions are on the exam?

Total questions: 80.

How long is the exam?

3 hours of examination time; this excludes the required arrival at least 30 minutes before the start. The handbook permits 30 additional minutes for Lead exams taken in a non-native language, if requested on the exam day.

What is the passing score?

70% (percentage passing score).

How much does the exam cost?

Exam without training: USD 1,000 for a Lead exam. For PECB Partner training, eLearning or self-study, the course fee includes the first attempt, one free retake, certification application and first-year AMF. This included cycle must be completed within 12 months of instructor-led course completion, or within 12 months of self-study/eLearning purchase.

Official sources and references

Confirm current exam arrangements with the exam provider.