[BL] [2] [RAR] WSQ Funded BCM Training and Project: Running the Risk Assessment

Running the Risk Assessment

At this stage, your appointed business unit (BU) coordinator is about to attend the first BCM workshop that has been organised in-house. It may be helpful if you have not read the first two articles by clicking icons [1A] and [1B] regarding how this project started. You may want to read them to understand how a typical project starts. Ignore if you have completed the WSQ-BCM-410 course.

At this stage, you are about to attend the first WSQ BCM workshop that has been organised in-house. It may be helpful if you have not read the first two articles regarding how this project started; you may want to read "[1] Starting the Project" and "[2] Developing BCM Structure and Framework."

This article is the third part of the "WSQ Funded BCM Project" series.  This is the reading for participants embarking on a BCM implementation using a combination of training with funding from the Singapore government and consulting to develop, implement and finalize its BCM program for an organisation.

This "Risk Analysis and Review" or "RAR" phase involved the "Running a risk assessment" using WSQ funded training entails the following steps.

1.  Workshop [Online]

A workshop will be conducted to guide project participants in identifying, analysing, and evaluating their risks. The consultant will also use this time to explain the more complex concepts of risk. A set of templates is used to facilitate this process.

For the online workshop, participants will be put through an E-Learning program a week before the seminar itself, giving them the necessary information and context to understand some of the key concepts involved in Risk Analysis before the actual workshop session itself

What participants should do for the Online Workshop:

1. Participants are encouraged to read the email supplementary materials before the workshop 
2. The softcopy RAR templates should be downloaded from the same E-Learning portal 
3. Participants should complete the E-Learning Module and begin filling in their templates
4. Participants should then submit their completed templates

It is important to note that because the workshop is a one-time group event, participants should lock this event in their calendars. No repeat workshop will be conducted for absent participants, and SkillsFuture Singapore or SSG may not approve the course subsidy if the participant is absent for more than 75% of the module.

2. Consultation & Assessment [Online]

After the workshop, participants will have one week to complete and submit the templates to their Organisation's BCM Coordinator, who will consolidate them and send the batch to the consultant.

A consultation and assessment session (approx. 30 mins) has been arranged for individual departments to review the templates with the consultants and sit for a simple open-book assessment comprising a few easy-to-answer questions. This assessment is a requirement from SkillsFuture Singapore or SSG to qualify for government funding.

Zoom will be used to facilitate the assessment between consultants and participants.

Refer to answers [3] to [6] provided in "FAQ on WSQ Courses Offered by BCM Institute" to have a better understanding of the expectation of a WSQ assessment.

What should participants do for Online classes:

1. Submit the Risk Analysis template to the E-Learning portal before the instructor's session
2. Comments will be sent via the E-Learning Portal before the consultation/assessment session. Participants are expected to make edits to their RAR template before the session.
3. Before the consultation & assessment session, review your templates and quickly read through the course materials.
4. Attend the consultation & assessment session at the appointed time (on Zoom)
5. Re-submit the final, revised template to the E-learning Portal

The consultant will process the templates from all departments and write a report for submission to the organisation's management.

Participants often worry about the assessment because they feel that they are taking an examination that they had taken in school. The concerns and many other questions are answered in the "Frequently Asked Questions on WSQ Courses Offered by BCM Institute."

3. Public WSQ Course

The strength of this program is the continuity of BCM knowledge should the officer responsible for BCM be replaced.

If you are attending a public WSQ course, it is similar to the morning session for the WSQ-BCM-310 (Course code), titled "Assessing Risk and Business Impact Requirements."

Once this session is completed, you are ready to attend the next "Business Impact Analysis" workshop in the afternoon. Sometimes, this session can be held separately due to participants' time constraints.