[OR] [P3-S4] [1-3] Prepare Self-Assessment: Assemble Assessment Team

Written by Moh Heng Goh | Sep 17, 2024 1:05:58 PM

[1-3] Assembling the Assessment Team

A well-rounded assessment team is essential for conducting an effective self-assessment in the Sustain phase of the Operational Resilience (OR) planning methodology.

The team should represent various departments and possess diverse expertise to ensure a comprehensive evaluation.

When assembling the team, key considerations include ensuring representation from relevant departments, selecting individuals with the necessary knowledge and experience, considering the involvement of external experts, determining an appropriate team size, appointing a qualified team leader, providing training, and establishing effective communication channels.

Purpose

A well-rounded assessment team is essential for conducting an effective self-assessment in the Sustain phase of the Operational Resilience (OR) planning methodology. The team should represent various departments and have a diverse range of expertise to ensure a comprehensive evaluation.

Key Considerations

Representation: The team should include representatives from key departments such as risk management, business continuity, IT, finance, human resources, and legal.
Expertise: Ensure team members have the necessary knowledge and experience in operational resilience, risk management, and relevant industry regulations.
Independence: Consider involving external experts or consultants to provide an objective perspective.
Team Size: The team size should be appropriate for the scope and complexity of the self-assessment. A larger team may be necessary for comprehensive evaluations, while a smaller team can be more efficient for focused assessments.

Additional Considerations

Team Leader: Appoint a team leader with the necessary authority and skills to guide the assessment process.
Training: Provide training to team members on OR principles, assessment methodologies, and data collection techniques.
Communication: Establish clear communication channels and expectations within the team to ensure effective collaboration and information sharing.

By carefully assembling a diverse and qualified assessment team, you can ensure that the self-assessment process is thorough, objective, and provides valuable insights for enhancing your organization's operational resilience.

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.



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