ORA Planning [1] Audit Planning
Operational Resilience Audit Planning Step
Audit Planning
Please feel free to send us a note if you have any of these questions. |
Please feel free to send us a note if you have any of these questions. |
Please feel free to send us a note if you have any of these questions. |
What challenges do auditors face when conducting an operational resilience audit in a "Regulatory Compliance"? Auditors must ensure the organisation maintains resilience and adheres to legal and industry-specific regulations. Navigating regulatory compliance during operational resilience audits presents several challenges for auditors. Diverse Regulatory LandscapeOrganisations often operate in multiple jurisdictions, each with regulations and compliance requirements. Auditors must navigate this diverse landscape, ensuring adherence to various legal frameworks, industry standards, and international regulations. Complexity of Regulatory Changes
Interplay of Regulations
Depth of Compliance Assessment
Documentation and Reporting Burden
Third-Party Compliance
Strategy to Navigate These Challenges
Continuous Monitoring and AdaptationStay updated on regulatory changes and their implications for operational resilience. Implement a system for continuous monitoring to ensure timely adjustments to compliance strategies.
Develop an integrated approach that aligns resilience strategies with various regulatory requirements. This approach should address current regulations and anticipate future compliance needs. Collaboration and ExpertiseEngage with legal experts, compliance officers, and industry specialists to gain insights into complex regulatory requirements and their implications on resilience strategies. Robust Documentation PracticesEstablish comprehensive documentation and reporting procedures that meet compliance requirements and serve as valuable records for auditing and improvement. Third-Party Due DiligenceImplement stringent due diligence processes to ensure third-party compliance with relevant regulations, extending the compliance framework to external entities.
Summing Up ...Addressing these challenges often requires a multidisciplinary approach involving collaboration across various departments, access to updated information, leveraging technological solutions for data analysis, and continuous adaptation to emerging threats. Flexibility and agility in audit methodologies are crucial to assess and enhance an organisation's operational resilience effectively.
Find out more about Blended Learning ORA-5000 [BL-ORA-5] & ORA-300 [BL-ORA-3] |
Please feel free to send us a note if you have any of these questions. |
Resource constraints can significantly impede auditors during operational resilience audits: Auditors affected by constraints in resources must take the following considerations when conducting the OR audit. Personnel Limitations
Time Constraints
Access to Specialised Tools and Technology
Scope Limitations
Training and Skill Development
Strategy to Mitigate These ChallengesPrioritisation
Collaboration and Partnerships
Efficiency and Optimization
Strategic Resource Allocation
Continuous Improvement
Summing Up ...Addressing these challenges often requires a multidisciplinary approach involving collaboration across various departments, access to updated information, leveraging technological solutions for data analysis, and continuous adaptation to emerging threats. Flexibility and agility in audit methodologies are crucial to assess and enhance an organisation's operational resilience effectively.
Find out more about Blended Learning ORA-5000 [BL-ORA-5] & ORA-300 [BL-ORA-3] |
Please feel free to send us a note if you have any of these questions. |
To complete Module 2 of the ORA-5000 (ORA-5) / ORA-300 (ORA-3) course, participants must attend a walk-through of the overview of the "Implement" phase and the five stages of the OR Implementation process.
These are:
The five stages are:
Click the "Course Content" button to find out more about the content for Module 2.
Before attending each of the two facilitated online workshops, the typical activities to complete each phase are as appended below.
A typical walk-through of a Module 2 consists of the following:
[1] Pre-reading |
Pre-readings assigned are blog articles. Participants are recommended to complete them before the session as it serves as 'bite-sized' background information, allowing participants to familiarize themselves with the concepts to be discussed.
It would also assist participants in completing their assignment in the following 1-hour online session.
Time Requirement |
Module 2 [1] |
Half Hour
|
[2] Download and Complete Template |
Once the schedule for the specific phase is confirmed, you will be notified to proceed to download the assignment template and have your first attempt at completing the specific module.
What if you are completing the form and do not understand the purpose or requirement of the field that you are completing?
The objective is to fully understand the purpose and requirements of each entry in the assignment template before you attend the corresponding online workshop.
You may wonder why you are doing the template when the lesson has not yet been conducted. It will also allow you to contextualize your business environment and ask related questions with the help of the pre-reading material provided.
[2] Time Requirement |
Module 2 [2] |
One Hour
|
[3] Attend Facilitated Online Workshop |
To complete Module 2, participants must attend two (2) online workshop sessions (three hours per session). All sessions are compulsory and run on a pre-determined schedule. There would not be a repeat or substitute session for anyone who missed it.
In addition, you are required to:
Time Requirement | Module 2 [3] | Three Hour Per Online Session |
Here is a breakdown of the time spent for Module 2 for two 3-1/2 hours per session.
Module | Mode of Study | Hours |
M2-S1 |
Web Training and Discussion Workshop
|
4 |
M2-S2 |
Web Training and Discussion Workshop
|
5 |
Total Hours | 9 |
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.