What is scenario testing in Operational Resilience?
In operational resilience, scenario testing is a crucial practice for assessing a firm's ability to withstand and recover from disruptions that could impact its important business services. It involves conducting a range of severe but plausible disruption scenarios and testing the firm's response and recovery plans against them.
Why is scenario testing important?
In today's fast-paced and ever-changing business landscape, it is essential to be prepared for any potential disruptions. Scenario testing allows firms to identify potential weaknesses and vulnerabilities in their systems and processes before they occur in real life. By testing with different scenarios, businesses can proactively address any issues and make necessary improvements to ensure their operations can continue without major disruptions.
How does scenario testing work?
Scenario testing involves creating a hypothetical situation that could potentially impact the organisation's operations. This could include natural disasters, cyber attacks, system failures, or any other unexpected events.
With Ansarada Scenarios Testing feature, you can conduct scenario testing for your important business services and streamline task setup and notifications. Specifically, you will have the capability to design test plans anchored on important business services or resources, initiate tests from these plans, and collaborate seamlessly using our task management services.