Operational Resilience

[OR] [P3-S5] [2-4] Conduct IQR: Draft Report

Written by Moh Heng Goh | Sep 17, 2024 3:50:38 PM

[2-4] Drafting the IQR Report

The IQR report is a crucial deliverable that summarizes the review's findings and provides recommendations for improvement.

A well-structured and informative report will be valuable for your organization, helping it make informed decisions and take targeted actions to enhance operational resilience.

When drafting the report, focus on clarity, conciseness, and effective communication of key findings and recommendations.

Use visuals and evidence to support your conclusions and prioritize recommendations based on their potential impact and feasibility.

The report should also include a comprehensive executive summary highlighting the main findings and recommendations.

Purpose

The IQR report is a comprehensive document that summarizes the findings of the review and provides recommendations for improvement. It serves as a valuable resource for your organization, informing decision-making and guiding future actions.

Key Considerations

  • Clarity and Conciseness: The report should be well-structured, easy to understand, and concise.

  • Executive Summary: Begin with a concise executive summary that highlights the key findings and recommendations.

  • Methodology: Describe the methodology used for the IQR, including the scope, data collection methods, and analysis techniques.

  • Findings: Present the key findings from the review, supported by evidence and data.

  • Recommendations: Outline specific recommendations for improvement, based on the findings and analysis.

  • Action Plans: Suggest potential action plans to address identified weaknesses and capitalize on opportunities.

  • Conclusions: Summarize the overall assessment of your organization's operational resilience and the implications of the findings.

Report Structure

  1. Introduction
    • Purpose of the IQR
    • Scope of the review
    • Methodology used

  2. Key Findings
    • Summarize the most significant findings from the review
    • Present evidence and data to support conclusions

  3. Recommendations
    • Outline specific recommendations for improvement
    • Prioritize recommendations based on impact and feasibility

  4. Action Plans
    • Suggest potential action plans to address identified weaknesses
    • Provide timelines, responsibilities, and resource requirements

  5. Conclusion
    • Summarize the overall assessment of your organization's operational resilience
    • Reiterate the importance of continuous improvement
    • Emphasize the commitment to implementing the recommendations

Additional Tips

  • Use Visuals: Incorporate visuals (e.g., charts, graphs) to enhance understanding and make the report more engaging.

  • Tailor the Report: Consider your audience's specific needs and interests when drafting the report.

  • Seek Feedback: Obtain feedback from key stakeholders to ensure the report is clear, concise, and relevant.

By developing a comprehensive and well-structured IQR report, you can effectively communicate the findings of the review and guide your organization's efforts to enhance 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.

If you have any questions, click to contact us.

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