Session 5 - Scenario Testing

Scenario Testing for Operational ResilienceBuilding Resilient Supply Chains: Strategies for Navigating Disruptions and Global Challenges


Financial Service entities regulated by OSFI are required to perform Scenario Testing for all end-to-end Critical Operations. In many instances the Business Continuity programs are being leveraged to support Operational Resilience programs. Other industries are also starting to recognize the importance of being resilient by considering operational risks. This session will walk through the nuances of Scenario Testing for Operational Resilience and how Business Continuity professionals can leverage their skills to contribute through testing. 


Speaker Biography


TBC


Professional Practices Addressed:

  • Awareness and Training Programs

  • Business Continuity Plan Exercise/Test, Assessment, and Maintenance

  • Coordination with External Agencies and Resources

Lessons Learned:

1. Learn about the conceptual differences between Business Continuity and Operational Resilience. 

2. Understand what Scenario Testing is and the benefits from this end-to-end approach. 

3. Practice key aspects of developing a Scenario Test through the lifecycle of this testing

4. Learn from other participants and explore opportunities for enhanced approaches to Scenario Testing.