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 operational resilience framework component. ORM helps identify, assess, and mitigate specific risks within operations, contributing to an organisation's ability to build resilience against disruptions that might arise from those operational risks.

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Cyber Resilience

Operational resilience encompasses an organization'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 in the face of various disruptions.

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Third-Party Risk Management

Third-Party Risk Management (TPRM) is an integral part of operational resilience. TPRM is crucial in bolstering an organization'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.