Severe but Plausible Scenarios

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1. Severe but Plausible Scenarios refer to situations that would result in high impact and significant disruptions, and while unlikely to occur, remain probable


Severe but Plausible Scenarios:

Note (1): are developed for the financial services industry to strengthen its operational resilience, especially in its business services.

Note (2): 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 (3): are expected to evolve as the organisation learns from the scenario testing process.

Note (4): are when the nature, scope, or scale of the event goes beyond pre-defined recovery measures and supporting assumptions


Related Terms: Plausible Scenarios, Severe but Plausible Scenarios, Impact Tolerance


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)


BoK Competency Level
BCMBoK 0: OR Fundamentals CL 1OR: Foundation (OR)