“A perfect storm” is defined as a bad or critical situation that arises due to several negative and unpredictable factors occurring at once. That sounds a lot like the past few years, doesn’t it? The current storm of geopolitical upheaval, economic uncertainty, persistent cyberattacks, residual effects of the pandemic and more continue to impact most organizations.
While you can’t control the storm, you can take steps to calm its impact on your organization. It’s imperative for organizations to not only be able to recover from disruptions but become resilient to them - so that the organization ‘bends but doesn’t break,’ so to speak.
A critical aspect of building a resilient organization is anticipating and mitigating risks before they impact your organization and exceed your organization’s tolerance to impact or risk appetite. Measuring the quantifiable and qualitative impacts of these risks enables risk teams and executives to determine the best strategic and tactical actions needed to either mitigate the risks or take advantage of business opportunities that may arise.
Ongoing measurement is also a vital part of building resilience because you need to define goals and know when they’re attained or when an adjusted approach is needed. The Archer Operational Resilience solution now offers new functionality enabling you to improve measurement and monitoring of the state of your organization’s resilience:
The new Operational Resilience Assessment allows you to evaluate the resilience of business units across five resilience “pillars” -- Cyber, IT Infrastructure, Facilities, People, and Suppliers – as referenced in current regulatory guidance and used by top-tier consulting firms.
A new Resilience Scorecard enables you to track scenario testing results, metrics, third-party metrics, resilience assessment results, and third-party resilience assessment results.
The Archer Metrics application now features both quantitative and qualitative thresholds using red, amber, and green ratings to define quantitative and qualitative metrics thresholds and provide more granularity in measurement than traditional “pass/fail” criteria.
Integration with Archer Engage for Business Users allows publication of Metrics Results to all your internal stakeholders.
Weathering storms requires planning and preparation, testing your organization’s ability to be resilient, and measuring progress toward your resiliency goals. The new and updated capabilities for Archer Operational Resilience make it an ideal part of your “all hands on deck” approach to measuring and building a risk-resilient organization.
To learn more, we invite you to register now for our webinar "Building Operational Resilience with Integrated Risk Management." on August 16, 2022, at 11:00am Eastern Time.
Visit Archer Operational Resilience for more information. Contact us to speak to an Archer Expert.