Operational Resilience Audit

Operational Resilience Audit Questionnaires and Checklist

Plan Phase

Operational Resilience Planning Methodology

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.

Questionnaires and Checklist "Plan" Phase	Assess Capability and Maturity	Analyse Gap	Develop Strategy Roadmap	Confirm Risk Appetite	Develop and Embed Governance

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

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

Operational Resilience Audit Questionnaires and Checklist

Implement Phase

Operational Resilience Planning Methodology

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.

Questionnaires and Checklist "Implement" Phase	Identify Critical Business Services	Map Processes and Resources	Set Impact Tolerance	Conduct Scenario Testing	Improve Lesson Learnt

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

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

Operational Resilience Audit Questionnaires and Checklist

Sustain Phase

Operational Resilience Planning Methodology

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.

Questionnaires and Checklist "Sustain" Phase	Introduce Cultural Change	Develop Communication Strategy	Implement Training and Awareness	Provide Self-assessment	Conduct Independent Quality Review

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

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

Emerging Trends in Operational Resilience Auditing: A 2024 Report

Operational 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.

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

What Are You Required to Complete for  Module 1 of the ORA-300 Programme?

Module 1: E-Learning

To complete Module 1 of the ORA-300 Operational Resilience Audit Specialist (ORAS) course.

Module 1 of the OR Audit Specialist/ Expert Course

Module 1 is the first of the [1] four-module for the ORA-5000 Blended Learning (BL-ORA-5) [2] two-module ORA-300 Blended Learning (BL-ORA-3) or [3] stand-alone module for the ORA-200 Blended Learning (BL-ORA-2) course.

Participants must attend a walk-through of one introduction to operational resilience (OR) and another module of the OR Implementation process. 

Learning Modules: Fundamentals of Operational Resilience Audit

1. Overview of Operational Resilience
2. Operational Resilience Terminology and Related Concepts
3. Operational Resilience Planning Methodology
4. Identify Critical Business Services
5. Map Processes and Resources
6. Set Impact Tolerance
7. Conduct Scenario Testing
8. Improve Lesson Learnt

The participant is required to spend about 1 hour per E-Learning sub-module

Note that Module 1 is also Module 1 (of 4) for participants attending the Blended Learning ORA-5000 course [BL-ORA-5] leading to the Operational Resilience Audit Expert (ORAE). At the same time, it is also Module 1 (of 2) for the Blended Learning ORA-300 [BL-ORA-3] leading to Operational Resilience Audit Specialist (ORAS).

Lastly, Module 1 can also be taken as a stand-alone OR-200 or BL-OR-2 course leading to Operational Resilience Certified Planner (ORCP).

The participant is required to spend about 8 hours. 

Click the "Course Content" button to learn more about this module's syllabus.

 

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.

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