Federal bank regulatory agencies have released 'Sound Practices to Strengthen Operational Resilience', a paper outlining sound practices designed to help large banks increase operational resilience ‘in the face of internal and external operational risks that, left unchecked, could lead to a wide-scale disruption’.
CIOs and IT leaders who use ‘composability’ to deal with continuing business disruption due to the COVID-19 pandemic and other factors will make their enterprises more resilient, more sustainable and make more meaningful contributions, according to Gartner, Inc.
The US Department of Homeland Security has published its 2020 Homeland Threat Assessment (HTA), which brings together threat information from across the DHS, including intelligence and operational components.
Many organizations are currently starting to move towards operational resilience. In this article Patrick Potter looks at what operational resilience is, how it differs from business continuity, and the initial steps that organizations should take to implement it.
Businesses that have embedded agility into their organizational and decision-making structures are proving more adaptable and resilient in the face of COVID-19 and are bouncing back better than their competitors.
Exploratory scenario planning (XSP) is a process which can be used for resilience planning, helping managers to make decisions and plans in the face of critical unknowns and unclear futures. Rather than working toward a single vision, practitioners develop distinct potential futures (‘scenarios’) and consider how to measure and prepare for each.
Accenture and the Massachusetts Institute of Technology (MIT) are co-developing a supply chain resilience stress test for assessing operational and financial risks created by major market disruptions, disasters or other catastrophic events.
Aon has released the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred around the world during September 2020.
In a new report, ‘A World in Disorder’, published by the World Health Organization, the Global Preparedness Monitoring Board (GPMB) provides an assessment of pre-COVID pandemic planning, highlights lessons learned, and makes recommendations for improvements for future pandemic preparedness.
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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.
