Gap Analysis

1. Gap Analysis is a detailed examination to identify risks associated with the differences between Business/Operations requirements and the currently available recovery capabilities. Click to know more OR courses Similar Term: Gap Analysis, Gap Analysis Template Performing Gap Analysis includes the following steps: Notes (1): establish specific target objectives by looking at the organisation's mission statement, strategic business goals and improvement objectives for operational resilience Notes (2): analyze current processes by collecting relevant data on performance levels and how resources are presently allocated to these processes Notes (3): review the design of current functional business operating models and identifies existing capabilities that can be leveraged for OR Notes (4): compare its target goals against its current state; it can then draw up a comprehensive plan Notes (5): develop a plan to outline the step-by-step process to fill the gap between its current and future states and to reach its target objectives Related Term: Organizational Resilience, Business Continuity Management (BCM), Business Resilience, Cyber Resilience, Data Resilience, Digital Resilience, Relational Resilience, Supply Chain Resilience, Technology Resilience, Operational Resilience. BCM Institute's Professional Training and Certification BCMBoK Competency Level BCMBoK 0: BCM Fundamentals CL 1B: Foundation (BC) BCMBoK Competency Level BCMBoK 0: BCM Fundamentals CL 1C: Foundation (CM) BCMBoK Competency Level BCMBoK 0: BCM Fundamentals CL 1CC: Foundation (CC) BCMBoK Competency Level BCMBoK 0: BCM Fundamentals CL 1D: Foundation (DR) BCMBoK Competency Level BCMBoK 0: OR Fundamentals CL 1OR: Foundation (OR) (Source: Business Continuity Management Institute - BCM Institute)

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A Manager’s Guide to Operational Resilience (eBook)