Operational Resilience

[OR] [P3-S4] [2-3] Perform Assessment: Analyse & Discuss Findings

Written by Moh Heng Goh | Sep 17, 2024 2:52:42 PM

[2-3] Analyzing and Discussing Findings


Once you have collected data through interviews, surveys, and document reviews, the next step is to analyze and discuss your findings. This analysis will help you identify areas of strength, weaknesses, and opportunities for improvement in your organization's operational resilience.

Key considerations for data analysis include summarizing key findings, identifying trends and patterns, comparing data against benchmarks, and assessing the significance of findings. The discussion phase should involve relevant stakeholders to share insights, identify areas of agreement and disagreement, prioritize areas for improvement, and develop action plans.

By conducting a thorough analysis and discussion, you can gain valuable insights into your organization's operational resilience performance, identify areas for improvement, and develop targeted strategies to enhance your resilience posture.

Purpose

Once you've collected data through interviews, surveys, and document reviews, the next step is to analyze and discuss your findings.

This analysis will help you identify areas of strength, weaknesses, and opportunities for improvement in your organization's operational resilience.

Key Considerations

  • Data Analysis: Use appropriate data analysis techniques to extract meaningful insights from the collected data. This may involve:
    • Summarizing key findings
    • Identifying trends and patterns
    • Comparing data against benchmarks or industry standards
    • Assessing the significance of findings

  • Discussion: Convene a meeting or workshop to discuss the findings with the assessment team and relevant stakeholders. This provides an opportunity to:
    • Share insights and perspectives
    • Identify areas of agreement and disagreement
    • Prioritize areas for improvement
    • Discuss potential actions or initiatives

  • Documentation: Document the key findings, conclusions, and recommendations from the analysis and discussion. This will serve as a valuable reference for future improvements.

Additional Tips

  • Facilitate an open and inclusive discussion: Encourage all participants to share their insights and perspectives.

  • Consider the context: Analyze the findings in relation to your organization's specific context, industry, and regulatory requirements.

  • Prioritize areas for improvement: Focus on the most critical areas where improvements can have the greatest impact on your organization's resilience.

  • Develop action plans: Create specific action plans to address identified weaknesses and capitalize on opportunities for improvement.

By conducting a thorough analysis and discussion of your findings, you can gain valuable insights into your organization's operational resilience and develop a targeted plan for improvement.


Additional Explanatory Note 

  Definition Explanation Definition  
  Self-Assessment

is to capture and document the steps taken towards operational resilience.

is to provide a comprehensive and objective evaluation of the organisation's strategy and ability to respond to disruptions.

  
  Self-Assessment Document is to demonstrate the organisation’s resilience journey and how they have achieved compliance with the regulations.  
  Important Business Service is a service provided by an organisation, or by another person on behalf of the organisation, to one or more clients which, if disrupted, could:
  • cause intolerable harm to any one or more of the organisation’s clients, or
  • pose a risk to the soundness, stability or resilience of the financial system or the orderly operation of the financial markets.
  
  Critical Business Service is a business service that, if disrupted, is likely to significantly impact the FSI’s safety and soundness, its customers or other FSI that depend on the business service.  
  Critical Operations is defined as a business output that, if interrupted during the operational period, will cause financial loss, damage, or interruption to the delivery of goods or services essential to the organization’s continued operation or success.  
         
"Sustain" Phase of the OR Roadmap
Introduce Culture Change Develop Communication Strategy Implement Training and Awareness Provide Self-assessment Conduct Independent Quality Review  
 

More Information About Operational Resilience OR-5000 [BL-OR-5] or OR-300 [BL-OR-3] Course

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.

If you have any questions, click to contact us.

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