Severe but Plausible Scenarios

1. Severe but Plausible Scenarios refer to situations that would result in high impact and significant disruptions, and while unlikely to occur, remain probable Click to know more OR courses Severe but Plausible Scenarios: Note (1): is a hypothetical event used in operational resilience planning that disrupts critical business services in a significant way. Note (2): are developed for the financial services industry to strengthen its operational resilience, especially in its business services. Note (3): include the consideration of previous actual incidents or “near misses” within the organisation, across the financial sector and in other sectors and jurisdictions to build these scenarios Note (4): are expected to evolve as the organisation learns from the scenario testing process. Note (5): are when the nature, scope, or scale of the event goes beyond pre-defined recovery measures and supporting assumptions Related Terms: Scenario Testing, Plausible Scenarios, Severe but Plausible Scenarios, Impact Tolerance 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) Template:ORBoK 4 CL 1OR

A Manager’s Guide to Operational Resilience (eBook)