[OR] [Pillar] Core Components Supporting Operational Resilience

Core Components Supporting Operational Resilience

What are the Core Components of Operational Resilience?

The four major components that support the Operational Resilience effort are operational risk management, cyber resilience, business continuity management and third-party risk management.

Operational Risk Management

Operational Risk Management (ORM) is a broader component of the operational resilience framework. ORM helps identify, assess, and mitigate specific operational risks, contributing to an organisation's resilience against disruptions arising from them.

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Cyber Resilience

Operational resilience encompasses an organisation's ability to withstand and adapt to disruptions, including cyberattacks.

Cyber resilience is a crucial component of operational resilience, as the modern business environment relies on interconnected systems and technologies.

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Business Continuity Management

BCM aims to ensure the continuity of critical business functions during and after disruptions, focusing on preparedness, response, recovery, and restoration.

Operational resilience shares similar objectives but takes a broader approach, encompassing not only continuity but also adaptability and the ability to thrive amid various disruptions.

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Third-Party Risk Management

Third-party risk management (TPRM) is an integral part of operational resilience. It is crucial in bolstering an organisation's operational resilience, especially in today's interconnected business landscape, where many operations rely on external vendors, suppliers, and service providers.

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OR Planning Methodology Phases		Plan	Implement	Sustain

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