RISK-MANAGER Verified 2026 Edition

Risk Manager Practice Test

PECB's Certified ISO 31000 Risk Manager certification is for managers who build and run an organization's risk management program under the ISO 31000 standard. The practice test drills core risk management principles, framework and policy, and the risk management process. It leads toward the ISO 31000 Lead Risk Manager certification.

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Exam Information

Official specifications published by PECB

Exam Format

120 min
60
70%
Manager

Registration

$700 USD
Pearson VUE, PECB Partners, Online Proctored, or online proctoring
English, French, Spanish, Portuguese +4 more

Validity

3 years
Complete required CPD hours; Pay annual maintenance fee ($120); Maintain professional development activities

RISK-MANAGER Exam Topics and Domains

RISK-MANAGER is organized into 3 weighted domains. Expect to work with Communication plans, Action tracking systems, Brainstorming tools, Budget allocation frameworks, and more.

1

Fundamental principles and concepts of risk management

25%

ISO Standards and Risk Management

ISO Standards DevelopmentRisk Management Concepts
  • Explain what ISO does and the key principles in standard development
  • Distinguish between various ISO management system standards
  • Explain and illustrate the main concepts of risk management

Risk Management Principles

ISO 31000 Risk Management Principles
  • Understand the risk management principles
  • Apply ISO 31000 principles in organizational contexts

Benefits of Effective Risk Management

Advantages and Benefits
  • Interpret the advantages of effective risk management in an organization
  • Identify significant aspects for effective risk management

Types of Risk

Risk Categories

Understand and distinguish different types of risk

2

Establishing the risk management framework

33.3%

Risk Management Framework Components

Framework Recommendations

Understand and interpret the recommendations for the risk management framework provided by ISO 31000

Understanding Organizational Context

External and Internal Context
  • Understand the context of an organization when designing the risk management framework
  • Establish the external and internal context of the organization

Risk Management Policy and Commitment

Policy Development
  • Understand the establishment of a risk management policy
  • Articulate commitment to risk management

Roles and Responsibilities

Accountability Structure

Identify who is accountable for the development, implementation and maintenance of the risk management framework

Resource Allocation

Resources for Risk Management

Identify the necessary resources for the risk management implementation

Stakeholder Management

Stakeholder Engagement
  • Identify all relevant stakeholders in the risk management process
  • Understand the importance of risk communication and consultation

Framework Implementation and Improvement

Implementation and Evaluation

Understand the implementation, evaluating and improving the risk management framework

3

Application of the risk management process

41.67%

Risk Management Process Overview

Process Activities

Understand, interpret, and apply the risk management process based on the recommendations of ISO 31000

Scope, Context and Criteria

Defining Scope and BoundariesRisk Criteria
  • Define the risk management process scope and boundaries
  • Define the risk criteria

Risk Assessment

Risk IdentificationRisk AnalysisRisk Evaluation
  • Identify, analyze and evaluate risks
  • Prioritize risks

Risk Treatment

Treatment OptionsRisk Treatment Plan
  • Understand the risk treatment options and integrate the risk treatment options into the organization's processes
  • Create a risk treatment plan

Monitoring and Review

Performance Monitoring
  • Understand the monitoring and reviewing process of the risk management framework and process
  • Understand the key performance indicators (KPIs) and the key risk indicators (KRIs)

Recording and Reporting

Documentation and Reporting
  • Understand the value of documented information and the recording of risk
  • Understand the role of risk registers

Communication and Consultation

Communication StrategiesConsultation Methods
  • Understand the aim of the communication and consultation process
  • Understand the different communication tools, risk communication types
  • Understand the consultation process and methods

Process Integration

Organizational Integration

Integrate the risk management process into the organization's processes

How do I earn this certification?

Passing RISK-MANAGER earns the PECB Certified ISO 31000 Risk Manager certification. It sits in the Risk Management track.

Current Level Exams
  • ISO-31000-RM - ISO 31000 Risk Manager
  • ISO-IEC-27005-RM - ISO/IEC 27005 Risk Manager
Next Level Options
  • ISO-31000-LRM - ISO 31000 Lead Risk Manager
  • ISO-31000-MASTER - ISO 31000 Master
Alternative Paths
  • ISO-22301-LI - ISO 22301 Lead Implementer Risk management in business continuity context
  • ISO-IEC-27001-LI - ISO/IEC 27001 Lead Implementer Risk-based approach to information security
  • ISO-IEC-27005-LRM - ISO/IEC 27005 Lead Risk Manager Specialized information security risk management
  • ISO-45001-LI - ISO 45001 Lead Implementer Risk management in workplace safety
  • ISO-14001-LI - ISO 14001 Lead Implementer Environmental risk assessment and management

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The most effective way to prepare for RISK-MANAGER is by using the PlanetCert Simulator to practice questions and review detailed explanations.

What's changed on this exam?

Current Status
  • ACTIVE
  • Last content update: 2025-07-30
Updates
  • Risk Management Software Integration Exam candidates need understanding of digital risk tools
  • Climate Risk Assessment Growing exam focus on environmental risk scenarios
  • Quantum Computing Risks Future exam updates may include quantum risk scenarios

Who should take this exam?

This exam is typically taken by Managers or consultants responsible for effective risk management and Individuals seeking knowledge about risk management principles, framework, and process.

  • Fundamental understanding of ISO 31000
  • Comprehensive knowledge of risk management

What jobs can I get with this?

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