[ORA-3/5] Module (Day) 1 of ORA-300/5000 Operational Resilience Audit Expert

ORA-5000 Operational Resilience Audit Expert (ORAE) Training Roadmap

Module 1

You can attend Module 1, which leads to the Operational Resilience (OR) Certified Planner course, which has the course code BL-OR-2. This course provides you with the knowledge or KNOW competency.

If you are assigned to audit or review your organisation's OR program, it is highly recommended that you attend both Module 1 and 2, the OR Audit Specialist course, or ORA-3. Module 2 allows you to have practicums on operationalising the OR framework.

It gives you an in-depth understanding of the critical OR deliverables required. This course provides you with KNOW-DO competency.

Description of Module [Day] 1 Course

You will be introduced to Operational Resilience (OR) Audit Requirements.

Note that this course is also Module 1 of the Operational Resilience Implementer OR-300 course.

Module 1 defines operational resilience (OR) and provides the participants with a contextual overview of its scope in different operating environments. Key concepts are explained with examples to illustrate. The value of OR in today’s organizations and critical success factors for building resilient organizations are highlighted.

Session Breakdown: What Lies Ahead

As we progress through this course, it's essential to understand the structure and content of each session. Let's break it down to sessions one and 2 of the ORA-300/5000 Module 1.

Module 1 Session 1: We will provide a foundational understanding of operational resilience. You will learn about its nuances and the critical role of regulators in shaping your approach. We'll clarify the distinction between key concepts such as operational risk management, organisational resilience, business continuity management and crisis management.

Module 1 Session 2: Building upon the first session, we'll explore regulatory requirements and how to align your organization with a planning methodology. We'll also explore practical tools and strategies to assist you in this operational resilience endeavour.

Detailed Course Content

Lesson & Topic		Description
Module 1 Session 1
Overview of Operational Resilience		Understand basic OR Concepts and terminologies Discuss the distractions and confusion between the many related fields and disciplines. Identify the critical success factors and benefits of OR
Update on Regulatory Positions		Update on the latest issuance of OR regulations and updates Compare with the various authorities and the regional implications for Financial Services Institutions (FSI)
OR Planning Methodology: Framework and Principles		Understand the phases and stages within the OR planning methodology Identify the critical components of the OR planning methodology. Walkthrough of the relevance of the OR planning methodology to the organisation Define the principles supporting OR for the financial institutions
Module 1 Session 2
Types of operational disruptions		Identify and determine the types of operational disruptions covered by operational resilience.
Define Critical Business Services		Define and identify critical business services Understand the components of typical critical business functions and critical business services.
Types and Levels of Impact Tolerances		Identify impact types and set impact tolerances for each type Understand impact tolerances to risk appetite and to risk assessment scales or "level of harm."
Understand and review critical activities, processes and resources		Map the resources and processes for operational resilience within an organisation for its critical business services. Link critical activities, underpinning services and internal services.
Define and develop Scenario Testing		Define and develop OR scenarios Identify and understand plausible scenarios and link them with operational/ resource disruption. Determine the types of testing for the specific disruptive events

Deliverables

Be competent with the knowledge of operational resilience
Have a strong understanding of the respective building blocks and methodology to implement your OR program

Course Content for BL-ORA-5

More Information About Blended Learning Operational Resilience Audit (ORA) Courses

BCM Institute offers two levels of OR auditing courses: ORA-3 Blended Learning ORA-300 Operational Resilience Audit Specialist and the ORA-5 Blended Learning ORA-5000 Operational Resilience Audit Expert.