[OR] [P1] [S3] Develop Strategy Roadmap in Operational Resilience

Written by Moh Heng Goh | Apr 6, 2023 3:41:01 PM

What is Strategy Roadmap Development?

A strategy roadmap is a bridge (or link) between strategy and execution.

It visualises the critical outcomes of the operational resilience effort that must be delivered over a particular time horizon to achieve the organisation’s strategic vision.

The outcomes on the strategy roadmap are substantiated by a clear understanding of the organisation’s capabilities; gaps and priorities must be addressed.

Hence, it starts with a clear Operational Resilience vision and strategy.

Operational Resilience Vision
Define a target outcome and target date to achieve the organisation's OR goal. Link to the overall corporate or business unit vision Translate outcome to measurable quantities Set and choose parameters to define OR
Operational Resilience Strategy
Set out the route map to achieve the organisation's vision Consistent with the overall business strategy Take into account organisational constraints such as resources and competing programmes.
Operational Resilience Vision and Strategy
A good vision and strategy will align internal and external stakeholders and allow the OR approach and direction to be communicated to the rest of your employees.

How to Develop an Operational Resilience Strategy Roadmap?

The first step in implementing operational resilience is to develop a comprehensive strategy and roadmap. This involves:

Assess Current State

Conduct a thorough assessment of the organisation's current operational resilience capabilities, including existing processes, technology infrastructure, and risk management practices.

Identify any gaps or areas for improvement.

This is conducted during the previous stage, "Perform Gap Analysis."

Define Objectives

Clearly articulate the objectives of the operational resilience program.

These objectives should align with the organisation's overall business goals and risk appetite.

Examples of objectives may include minimising the impact of disruptions, ensuring timely recovery, and maintaining regulatory compliance.

Engage Stakeholders

Engage key organisational stakeholders, including senior management, business units, IT, risk management, and compliance.
Seek their input and involvement in the development of the strategy and roadmap.

This will help ensure buy-in and support throughout the implementation process.

Develop Roadmap

Create a detailed roadmap that outlines the specific initiatives, milestones, and timelines for implementing operational resilience.
Prioritise the initiatives based on their impact and feasibility.
Consider factors such as resource availability, budget constraints, and regulatory requirements.

Additional Explanatory Note

Terms	Explanation	Definition
Strategy Roadmap	is a bridge between strategy and execution. can be developed from the OR planning methodology
Steps	Elaboration	Link to Blogs
Layout Challenges	Why do the strategic vision or goals exist?
Set Objectives	What must you achieve to address these challenges?
Assess Capabilities	What capabilities do you need to invest in to meet the objectives?
Determine Courses of Action	What do I have to do to bridge the most crucial capability gaps?
Formulate Initiatives	How can the courses of action be logically grouped for execution?
Generate Strategy Roadmap	In what order should the initiatives be delivered?

"Plan" Phase of the OR Roadmap

Assess Capability and Maturity	Analyse Gap	Develop Strategy and Roadmap	Confirm Risk Appetite	Develop and Embed Governance

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



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