Operational resilience can be considered as the capability of an organization to deliver all critical business processes in the face of disrupting events. This can be particularly tricky to achieve in an ever changing and rapidly evolving business landscape.

How can an organization achieve operational resilience? Through effective risk management.

Operational Resilience: A Critical Business Priority

Given the nature of today’s business environment, the need for digital transformation within organizations, and the increasing threat of risks, operational resilience should be a priority within every organization.

Some key principles to consider when evaluating the resilience posture of an organization should be:

Cyber Risk Management

Strengthening your organization’s cyber risk management capabilities is key to building a comprehensive defense against cyber threats and information security attacks.

Third-Party Risk Management

Cyber and vendor risk management are connected by nature. Outsourcing core processes of the business to a third-party is a common avenue organizations go through. 

IT Risk Management

The IT infrastructure (devices, technology tools, networks) and the users of these within an organization, are crucial to keeping the business running. However, they also form an intricate web of threats that risk teams must take into consideration.