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Operational risk and resilience

A risk-based approach to operational resilience: When prevention isn’t always better than a cure.

On-demand webinar video

Prevention is only better than cure when you can prevent.

Our world is facing more and more large impact “grey rhino” events whether arising from climate, social, geopolitical, economic or whatever source of unpreventable events.  As a result, being operationally resilient is no longer an option but a necessity for long-term sustainability and success.      

GRC 20/20 pundit Michael Rasmussen and Protecht's Michael Howell explore what true operational resilience really means in today's business environment. They discuss how changes in our global risk landscape push our focus more to our ability to withstand shocks, recover from those shocks and be adaptable when those shocks create a new normal. 

They also discuss what this means for traditional risk management when the focus moves from not when but if, to not if but when.

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Presenters

Michael Howell

Senior Manager, Research & Content, Protecht

Michael Rasmussen

The GRC Pundit, GRC 20/20 Research

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Key information and topics covered 

1. Why the focus shift to Resilience?
2. The Regulatory focus
3. Resilience principles
4. An Operational Resilience Methodology
5. Bringing Operational Resilience to life a personal life example
6. Challenges organizations face today:

  • Consuming and processing large data gathered via Operational Resilience.
  • Suitable metrics to track resilience outcomes and related resources.
  • Ensuring alignment between organizational purpose and risk & resilience culture.              
  • Sourcing resource/capability to manage and maintain resilience framework.
  • Sourcing budget for tooling to manage the resilience process and meet regulatory requirements without undue admin overhead.
  • Demonstration of embeddedness.
7. What needs to be done?
8. Q&A
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About the presenters

Senior Manager, Research & Content, Protecht

Michael Howell is Protecht's Research and Content Lead. He is passionate about the field of risk management and related disciplines, with a focus on helping organisations succeed using a ‘decisions eyes wide open’ approach.

Michael is a Certified Practicing Risk Manager whose curiosity drives his approach to challenge the status quo and look for innovative solutions.

 

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The GRC Pundit, GRC 20/20 Research

Michael Rasmussen is an internationally recognised pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 30+ years of experience, Michael helps organisations improve GRC processes, design and implement GRC architectures and select solutions that are effective, efficient, and agile.
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