Operational Resilience Audit

Module (Day) 2 of ORA-5000 Operational Resilience Audit Expert [ORA-5]

[Back to] What is [BL-ORA] [3]?New call-to-action

 

BL-OR-3-5 Blog Under Construction

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

[Module 2

ORA Learning Roadmap Know-Do-Manage

Description of Module (Day) 2 Course

BCMPedia Operational ResilienceModule 2 aims to provide the participants with an operational resilience framework that involves identifying essential business services, setting impact tolerances, and mapping and testing to respond to operational disruptions.

Participants will better understand the regulatory environment and what it means regarding operational resilience.  The key clauses of some of the regulations will also be discussed, especially on how to comply with these requirements.

New call-to-actionCourse Requirement to learn more about what is expected from you as a participant when attending Module 2.

 

 

Detailed Course Content

 

Topic Description
Module 2 Session 1
Build an Operational Resilience Programme
  • Align Operational Resilience (OR) initiatives to Executive Management and the Board's goals.
  • Walkthrough OR Planning Methodology
  • Identify steps to building an Operational Resilience Programme
  • Understand the components of an OR Framework
Recognize and analyze types of operational disruptions
  • Identify types of operational disruptions
  • Analyze and identify the types of operational disruptions relevant to an organisation.
  • Identify the operational disruptions that relate to operational resilience.
Identify critical business services
  • Analyse and Identify critical business services.
  • Recognise and differentiate what is not part of critical business services.
Module 2 Session 2
Set appropriate impact tolerances for critical business services
  • Set appropriate impact tolerances for critical business services.
  • Identify impact types and set impact tolerances for each type.
Map operational resilience across the organization
  • Map operational resilience across the organization.
  • Understand and be able to document the process/ value chain.
  • Map the value chains across multiple business units.
Perform scenario testing
  • Perform scenario testing
  • Create a scenario testing library.
  • Identify types and frequency and develop categories of testing scenarios.
  • Be prepared for the expectations of the regulators.
Improve and Communicate Lesson Learnt
  • Learnt the strategy to promote a culture of continuous learning.
  • Communicate and improve from scenario testing and actual incidents. 
  • Update operational resilience plans effectively.

Deliverables

New call-to-actionParticipants should be able to understand the details of an audit application: the planning, preparation, deployment, and implementation of an audit assignment.


Course Content for BL-ORA-5
New call-to-action New call-to-action New call-to-action New call-to-action

 


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.

New call-to-action New call-to-action New call-to-action
New call-to-action Tell Me More About BCM- 8030 New Call-to-action
     
New call-to-action New call-to-action Please feel free to send us a note if you have any questions.Email to Sales Team [BCM Institute] Operational Resilience Audit Specialist (ORAS) Certification New call-to-action
Read More
Table of Content for

Table of Content for the "Plan" phase of the Operational Resilience Audit and Review Questionnaires and Checklists

New call-to-action

Operational Resilience Audit Questionnaires and Checklist

Plan Phase

Operational Resilience Planning Methodology
New call-to-action

Operational Resilience Planning Methodology:  The three phases are "Plan", "Implement", and "Sustain."  Each phase has five implementation stages.  

Click each phase's five stages to learn more about the detailed questions and how the checklist supports them.  Note that there is overlap for some of the stages in terms of content, as you will never be auditing all 15 stages concurrently during the maturity of the organisation OR program.

The rationale is that you, as a reviewer or auditor, will not be conducting the audit of review for all three phases together. Hence, the essential controls still need to be embedded in several stages.

 

New call-to-action

Questionnaires and Checklist "Plan" Phase

Assess Capability and Maturity Analyse Gap

Develop Strategy Roadmap

Confirm Risk Appetite

Develop and Embed Governance

New call-to-action New call-to-action OR Plan Phase Questionnaires: Analyse Gap New call-to-action New call-to-action New call-to-action

Find out more about Blended Learning ORA-5000 [ORA-5] & ORA-300 [ORA-3]

New call-to-action Tell Me More About BCM- 8030 New Call-to-action
New call-to-action New call-to-action New call-to-action
New call-to-action

Please feel free to send us a note if you have any of these questions.

Email to Sales Team [BCM Institute]

New call-to-action
Read More
Table of Content for

Table of Content for "Implement" phase of the Operational Resilience Audit and Review Questionnaires and Checklists

New call-to-action

Operational Resilience Audit Questionnaires and Checklist

Implement Phase

Operational Resilience Planning Methodology
New call-to-action

Operational Resilience Planning Methodology:  The three phases are "Plan", "Implement", and "Sustain."  Each phase has five implementation stages.  

Click each phase's five stages to learn more about the detailed questions and how the checklist supports them.  Note that there is overlap for some of the stages in terms of content, as you will never be auditing all 15 stages concurrently during the maturity of the organisation OR program.

The rationale is that you, as a reviewer or auditor, will not be conducting the audit of review for all three phases together. Hence, the essential controls still need to be embedded in several stages.

 

New call-to-action

Questionnaires and Checklist "Implement" Phase

Identify Critical Business Services Map Processes and Resources

Set Impact Tolerance

Conduct Scenario Testing

Improve Lesson Learnt

New call-to-action OR Implement Phase Questionnaires: Identify Critical Business Services New call-to-action OR Implement Phase Questionnaires: Set Impact Tolerance Conduct Scenario Testing New call-to-action

Find out more about Blended Learning ORA-5000 [ORA-5] & ORA-300 [ORA-3]

New call-to-action Tell Me More About BCM- 8030 New Call-to-action
New call-to-action New call-to-action New call-to-action
New call-to-action

Please feel free to send us a note if you have any of these questions.

Email to Sales Team [BCM Institute]

New call-to-action
Read More
Table of Content for

Table of Content for "Sustain" phase of the Operational Resilience Audit and Review Questionnaires and Checklists

New call-to-action

Operational Resilience Audit Questionnaires and Checklist

Sustain Phase

Operational Resilience Planning Methodology
New call-to-action

Operational Resilience Planning Methodology:  The three phases are "Plan", "Implement", and "Sustain."  Each phase has five implementation stages.  

Click each phase's five stages to learn more about the detailed questions and how the checklist supports them.  Note that there is overlap for some of the stages in terms of content, as you will never be auditing all 15 stages concurrently during the maturity of the organisation OR program.

The rationale is that you, as a reviewer or auditor, will not be conducting the audit of review for all three phases together. Hence, the essential controls still need to be embedded in several stages.

 

New call-to-action

Questionnaires and Checklist "Sustain" Phase

Introduce Cultural Change Develop Communication Strategy

Implement Training and Awareness

Provide Self-assessment

Conduct Independent Quality Review

New call-to-action New call-to-action OR Sustain Phase Questionnaires: Develop  Communication Strategy OR [Sustain] Questionnaires:  Implement Training and Awareness OR Sustain Phase Questionnaires: Provide Self-assessments OR Sustain Phase Questionnaires: Conduct Independent Quality Reviews

Find out more about Blended Learning ORA-5000 [ORA-5] & ORA-300 [ORA-3]

New call-to-action Tell Me More About BCM- 8030 New Call-to-action
New call-to-action New call-to-action New call-to-action
New call-to-action

Please feel free to send us a note if you have any of these questions.

Email to Sales Team [BCM Institute]

New call-to-action
Read More
[ORA] Emerging Trends in Operational Resilience Auditing: A 2024 Report

[ORA] Emerging Trends in Operational Resilience Auditing: A 2024 Report

Emerging Trends in Operational Resilience Auditing: A 2024 Report

ORA Emerging Trends in ORA: A 2024 ReportOperational resilience has become a top priority for organizations across industries, prompting the rise of specialized auditing practices.

This report explores key emerging trends shaping the landscape of operational resilience auditing in 2024.

1. Increased Regulatory Scrutiny

Regulatory bodies worldwide are implementing stricter requirements for operational resilience, mandating regular audits and stress testing exercises. This drives demand for skilled auditors familiar with relevant regulatory frameworks.

2. Focus on Third-Party Risk Management

Modern businesses' interconnectedness amplifies third-party vulnerabilities' impact. Audits increasingly scrutinize third-party contracts, risk management procedures, and control environments to ensure supply chain resilience.

3. Integration with Cybersecurity Audits

The convergence of cyber and operational risks necessitates combined audits examining IT infrastructure, data security, and incident response capabilities alongside traditional operational resilience assessments.

4. Adoption of Technology-Assisted Auditing

Advanced analytics, artificial intelligence (AI), and automation are transforming how audits are conducted. These tools enable auditors to analyze vast datasets, identify hidden patterns, and streamline data collection, freeing time for deeper analysis and judgment.

5. Shift Towards Scenario-Based Testing

Static assessments give way to dynamic scenario-based testing that simulates real-world disruptions. This approach helps organizations refine their resilience plans and identify vulnerabilities under pressure.

6. Evolving Threat Landscape

Auditors must stay informed about emerging threats like climate change, geopolitical instability, and cyberattacks, continuously adapting their methodologies to address these dynamic risks.

7. Growing Demand for Skilled Professionals

The burgeoning field of operational resilience auditing creates a talent gap.

Training and certification programs are crucial to upskill existing professionals and attract new talent to meet the rising demand.

8. Emphasis on Business Continuity Management (BCM) Integration

Effective operational resilience relies on integrating resilience principles into existing BCM frameworks.

Auditors focus on ensuring BCM programs align with organizational objectives and address emerging threats.

9. Continuous Improvement and Learning

Operational resilience is an ongoing journey, not a destination.

Audits should emphasize the importance of continuous improvement, learning from incidents, and adapting resilience plans based on evolving threats and organizational changes.

10. International Collaboration and Harmonization

Harmonization across jurisdictions and industries is critical as regulations and best practices evolve.

International collaboration among regulators, auditors, and professional bodies is gaining momentum to facilitate knowledge sharing and consistent approaches.


By staying informed about these trends, audit professionals can adapt their practices, embrace new technologies, and contribute to building robust and adaptable operational resilience for organizations in the face of ever-changing risks.

Find out more about Blended Learning ORA-5000 [ORA-5] & ORA-300 [ORA-3]
New call-to-action Tell Me More About BCM- 8030 New Call-to-action
New call-to-action New call-to-action New call-to-action
New call-to-action

Please feel free to send us a note if you have any of these questions.

Email to Sales Team [BCM Institute]

New call-to-action
Read More