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Operational Resilience
Add Important Business Service
Add Important Business Service

Learn more on how to add your IBS with Ansarada Operational Resilience.

Christine Wong avatar
Written by Christine Wong
Updated over a week ago

Important business service (IBS) refers to a critical function within a firm that, if disrupted, could pose a risk to a firm's stability and continuity. Identifying your IBS is a critical first step in ensuring that your firm is protected from disruption.

Option 1: Global Add button

Select top right Add > Important business service.

Option 2: Add IBS in Overview page

In Overview page > select Add an important business service.

1. Fill out IBS form

Admins need to fill out all the mandatory fields in the IBS form before saving the record.

  • Number - enter a unique number for this business service

  • Record Status - select Active / Inactive

  • Title - enter a title / name for this business service

  • Description (Optional) - enter a description for this business service

  • Criticality (Optional) - select the level of criticality

  • Priority (Optional) - select a priority

  • Justification - enter a reason to justify the importance of this business service

2. Set security

  • Once the IBS details is completed, click Set security button to go next

  • Select a Owner from the drop down list and set security setting for each Security groups. For additional information on Security, please refer to this page

3. Add a prevention plan

  • Measures (optional) - enter the measures you would take to present disruption to this business service

  • Justification for measures (optional) - enter the justification for your preventative measures

4. Document impact tolerance

Impact tolerance is set based on a harm threshold (e.g. disruption time reaches a level of harm). Where a disruption event exceed the threshold it is considered intolerable.

  • Overall - enter the overall number of days

  • Optional - Harm for customer, harm for the market, harm for your firm

  • Justification - enter your reason to justify the tolerance level

  • Harm or impact (optional) - select the level of harm or impact

  • Financial value (optional) - enter a value

  • Number of customers impacted (optional)- enter a value

5. Click Add button to save the IBS record 🎉

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