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Scenarioplanning : Gen-AI can simulate different scenarios to assess potential risks and develop effective response plans. Leverage Gen-AI to Bridge the Gap Once you have identified your information gaps, gen-AI can be employed to fill in the missing pieces.
For example, who is an authorized spokesperson? Company-specific scenarioplanning. Proactive reputation planning. Step-by-step procedures for response for any category of situation for which an organization wishes to be prepared. Crisis and reputation-related policies. What is required in terms of information security?
As a director of Enterprise Risk Management, the author was planning for a large, new water project in Eastern Congo. As a result, our risk planning, mitigation and control activities followed suit, identifying the volcano as the greatest risk. The tornado caused the gas leaks, which caused a new evacuation. Typical Framework.
Scenarioplanning When I first came across business continuity, dare I say 20-25 years ago, the focus was on scenarios which could impact our organisation. Generally accepted practice was that you had to write a plan for every different scenario that could possibly occur.
In addition, the Financial Conduct Authority (FCA) Consultation paper of 2019 states: “Building operational resilience: impact tolerances for important business services and feedback to DP 18/04”. Scenarioplanning. Building the UK financial sector’s operational resilience”.
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