Operational Risk & Resilience Management
In the first layer Strategic Risk & Resilience Management, leadership establishes direction. As discussed in the previous blogs, strategy clarifies ambition and guides the major decisions that shape the future of the enterprise. Those decisions are translated into measurable objectives that define what success looks like in practice, which is Objective-Centric Risk & Resilience Management.
But objectives, like strategy, remain conceptual until they are executed through the operations of the organization.
Processes deliver products and services. Systems enable transactions and information flow. Third parties extend capabilities and supply critical inputs. People execute activities that sustain performance every day. It’s within this operational fabric that objectives are either achieved or compromised.
Operational Risk & Resilience Management focuses on this reality. It’ is the discipline that ensures the organization can perform today without compromising its ability to perform tomorrow.
Where Strategy Meets Reality
Strategy and objectives are set at the executive level, but operations are where those commitments are delivered under real-world conditions
. . .[The rest of this blog can be read on the Fusion Risk Management blog, where GRC 20/20’s Michael Rasmussen is a Guest Blogger]