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What Operational Resilience really means, and how it compares with business continuity. I have been working on an operational resilience exercise for a client, which is based around taking a ‘severe but plausible scenario’ and then checking whether the scenario breaches the organisation’s impact tolerances.
What Operational Resilience really means, and how it compares with business continuity. I have been working on an operational resilience exercise for a client, which is based around taking a ‘severe but plausible scenario’ and then checking whether the scenario breaches the organisation’s impact tolerances.
An increasingly key theme year over year, resilience is at the root of the latest Excellence in Risk Management India report from Marsh and RIMS—and the RIMS Risk Forum India 2021 virtual event , where the report was officially released today. They have crisis management plans in place, but they also dig deeper, look farther ahead.
Many professionals in senior roles did not understand, nor even care to understand business continuity and organisational resilience strategies. Additionally to thinking “it won’t happen to us” there is also the practice of calling anything a “Black Swan” implying it couldn’t be planned for.
Many professionals in senior roles did not understand, nor even care to understand business continuity and organisational resilience strategies. Additionally to thinking “it won’t happen to us” there is also the practice of calling anything a “Black Swan” implying it couldn’t be planned for.
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