For those that subscribe to the latest in operational resilience thinking, defining and building consensus around impact tolerances is a vital activity for setting resilience requirements and creating a shared understanding among members of your senior leadership team of how much resilience is needed.
As well, for organizations subject to the UK financial regulators and the regulatory requirements that went into effect in March 2022, this is a compliance mandate.
So, where do you begin?
The Impact Tolerance Builder is designed to help you effectively navigate this effort by offering a five-step framework to define impact tolerances and prepare to stress test them.
With this guide you’ll learn how to:
- Identify important business services
- Identify Metrics + Establish Baselines
- Develop a Rubric to Assess Harm
- Set Impact Tolerances
- Assess Appropriateness Using Data