[OR] [BoK 4] [CA] Apply for Certification Confirm Risk Appetite [P1-S4]

Certification Application: Using Operational Resilience Body of Knowledge 4 (OR BoK 4) as part of your experience justification

This guide showcases how to effectively utilize Operational Resilience Body of Knowledge 4 (OR BoK 4) within your "Plan" Phase 1 - Confirm Risk Appetite Stage 4" experience justification for the certification application.

Remember, OR BoK 4 outlines the minimum expected capabilities for an OR professional.

Demonstrating Your Expertise

Ensure that the "Confirm Risk Appetite" content is included in your application. Click the icon on the right to recap.

This is a brief explanation of the template provided in the certification application form (CAF).

Evidence of Work Done

[3] When was it done? MM-YYYY to MM-YYYY

[1] What was performed? Per the specific OR BoK?

Detail the particular operational resilience practices you implemented. This is in line with the content of the OR BoK that you learned during the course.

(Estimate of a minimum of 200 words)

[2] How was it carried out?

This is a write-up of your actual implementation and contribution to the specific OR BoK within your organisation. You must demonstrate the completion of these particular OR practices.

(Estimate of a minimum of 200 words)

Please elaborate on the duration of the OR BoK. Was it over three years for ORCE and over one year for ORCS?

In addition, here's how you may want to consider the following when describing your content: What was performed? and How was it carried out?

Contextualize: Briefly establishes the specific project or organization where you applied the principles.
Map stages to experience: Link each step in "Confirm Risk Appetite?" to a concrete example from your work.
Provide evidence: Support your claims with tangible proof, such as:

Documents: Risk assessments, reports, meeting minutes, and project plans.
Metrics: Quantitative data demonstrating impact (e.g., risk score reduction).
Testimonials: References from colleagues or project stakeholders.

4. Quantify duration: Mention your time at each stage, highlighting your dedicated engagement.

5. Go beyond the minimum: While meeting specific standards of BoK expectations is essential, demonstrate how you exceeded them by adding further value. Did you develop innovative approaches? Lead a team through the process? Share such advancements to showcase your initiative and leadership.

Areas of Expertise for OR BoK 4 [P1-S4]

	Demonstrate Your Actual "Practical" Experience and the period you execute these activities for more than one year (Specialist) or three years (Expert)
Risk Appetite in OR	Explain the concept of risk appetite and its role in operational resilience. Understand the relationship between risk appetite, risk tolerance, and risk management strategies. Recognize the importance of aligning risk appetite with the organization's business objectives.
Defining Risk Appetite Statements	Differentiate between KPIs and KRIs in the context of operational resilience. Develop top-down KPIs that measure the OR program's effectiveness in achieving risk appetite objectives. (e.g., Recovery Time Objective (RTO), Recovery Point Objective (RPO) Identify KRIs that signal potential deviations from the established risk appetite. (e.g., frequency of near misses, incident severity)
Alignment and Communication	Ensure alignment between defined risk appetite, KPIs, and KRIs with the overall OR strategy and roadmap. Effectively communicate the organization's risk appetite and associated metrics to relevant stakeholders at all levels.

By demonstrating competency in these areas, a professional applying for an OR certification will show the ability to translate the organization's risk tolerance into a clear and measurable risk appetite statement.

You can also develop KPIs and KRIs that provide a data-driven view of the organization's progress towards achieving its operational resilience goals.

More Information About Blended Learning OR-5000 [BL-OR-5] or OR-300 [BL-OR-3]

To learn more about the course and schedule, click the buttons below for the OR-3 Blended Learning OR-300 Operational Resilience Implementer course and the OR-5 Blended Learning OR-5000 Operational Resilience Expert Implementer course.