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Certified ISO 27005 Risk Manager with OCTAVE (5 days)

Mastering risk evaluation and optimal risk management in information security with the ISO 27005 standard with the method OCTAVE


In this five-day intensive course participants develop the competence to master the basic risk management elements related to all assets of relevance for information security using the ISO/IEC 27005:2008 standard as a reference framework and OCTAVE method. The OCTAVE method was developed by the CERT. Based on practical exercises and case studies, participants acquire the necessary knowledge and skills needed to perform an optimal information security risk assessment and manage risks in time by being familiar with their life cycle. This training fits perfectly in the framework of an ISO/IEC 27001:2005 standard implementation process.

Who should participate?

  • Risk managers
  • Persons responsible for information security or conformity within an organization
  • Member of the information security team
  • IT consultants
  • Staff of organizations implementing or seeking to comply with ISO 27001 and involved in a risk management program based upon the OCTAVE method

Learning objectives

  • Understand the concepts, approaches, methods and techniques allowing an effective management of risk according to ISO 27005
  • Interpret the requirements of ISO 27001 on information security risk management
  • Develop the skills necessary to conduct a risk assessment with the OCTAVE method
  • Master the steps to conduct a risk assessment with the OCTAVE method
  • Understand the relationship between the information security risk management, the security controls and the compliance with the requirements of different stakeholders of an organization
  • Acquire the competence to implement, maintain and manage an ongoing information security risk management program according to ISO27005
  • Acquire the competence to effectively advise organizations on the best practices in information security risk management

Course details

Day 1: Introduction, risk management program, risk identification and assessment according to ISO 27005

  • Concepts and definitions related to risk management
  • Standards, frameworks and methodologies in risk management
  • Implementation of an information security risk management program
  • Risk identification
  • Risk assessment

Day 2: Risk evaluation, treatment, acceptance, communication and surveillance according to ISO 27005

  • Risk evaluation
  • Risk treatment
  • Acceptance of information security risks and management of residual risks
  • Information security risk communication
  • Information security risk monitoring and review
  • Exam “ISO 27005 Certified Risk Manager” (2 hours)

Day 3: Start of a risk assessment with OCTAVE

  • Presentation of OCTAVE
  • Phase 1 - Process 1 to 3 (Understanding the Organization)
  • Phase 1 - Process 4 (Create threat profiles)
  • Phase 2 - Process 5 (Identification of key components)

Day 4: Assessment of vulnerabilities and risk, according OCTAVE

  • Phase 2 - Process 5 (Continued)
  • Phase 2 - Process 6 (Evaluation of selected components)
  • Phase 3 - Process 7 (Conduct the risk assessment)
  • Phase 3 - Process 8 (Development of a Protection Strategy)

Day 5: The OCTAVE Method Implementation approach and conclusion

  • The OCTAVE Method Implementation Guide
  • Tailoring the evaluation to your organization
  • OCTAVE – S
  • Summary


  • A basic knowledge of risk management and the OCTAVE method is recommended

Educational approach

  • This training is based on the alternation of theory and practice:
    • Sessions of lectures illustrated with examples based on real cases
    • Practical exercises based on case studies including role plays and narrative presentation
    • Review exercises to assist the exam preparation
    • Practice test similar to the certification exam
  • Given the practical exercises, the number of training participants is limited

Examination and certification

  • The “Certified ISO/IEC 27005 Risk Manager” exam fully meets the requirements of the PECB Examination Certification Programme (ECP). The exam covers the following competency domains:
    • Domain 1: Fundamental concepts, approaches, methods and techniques of risk management
    • Domain 2: Implementation of a risk management program
    • Domain 3: Information security risk assessment based on ISO 27005
  • Duration of the exam: 2 hours
  • After successfully completing the exam, participants can apply for the credentials of Certified ISO/IEC 27005 Provisional Risk Manager or Certified ISO/IEC 27005 Risk Manager, depending on their level of experience
  • A certificate will be issued to participants who successfully passed the exam and comply with all the other requirements related to the selected credential

General information

  • Certification fees are included in the exam price
  • The training material on OCTAVE is only available in English
  • A copy of the official documentation on OCTAVE published by CERT is given to participants together with a student manual containing over 400 pages of information and practical examples
  • A certificate of participation of 31 CPE (Continuing Professional Education) is awarded to participants
  • ISO 27005 is Guidance on information security risk management and it is not a certifiable standard for an organization