Operational resilience goes a step ahead of Business Continuity Planning (BCP), in that a resilient organization learns, adjusts and fine-tunes the business continuity activities and practices based on current external situations related to those activities. Between the planning phase and the monitoring phase, there is a sub-phase that is required: situational analysis. This phase involves keeping tabs on external situations related to business practices and then fine-tuning plans.
This phase is crucial to prepare for any sudden emergence of adverse events affecting resources, processes or controls in an organization and being able to immediately adapt to the change. Operational resilience cannot be achieved simply by implementing robust business continuity plans and disaster recovery drills.
Although many enterprises have implemented the most fundamental risk management steps, including assessment and risk identification, ongoing measurement and tracking of risk is less developed, and the ability to forecast new risk presents an area of challenge
LogiqMax’s services and solutions are driven by our unique risk based ‘LogiqShield’ approach.
We can help organizations get the most out of their cloud investments including both public and private cloud environments.
We can help with key Operational Resilience activities such as defining critical business processes, setting impact tolerances, determining process and system ownership and accountability, ensuring third-party resilience, and adhering to regulatory requirements.
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