In the early weeks of the pandemic, longstanding client and collaborator Tom McLeod and I decided to broadcast on a daily basis of things to think about to help prepare and keep oriented.
In the early weeks of the pandemic, longstanding client and collaborator Tom McLeod and I decided to broadcast on a daily basis of things to think about to help prepare and keep oriented. This is the archive of this series. It’s interesting to see how well these stood up over time. They’re worth a second look.
Monday, 23 March 2020
Rapid, scaled scenario analysis
Key points
- You must be now assessing the effect of uncertainty on your objectives (the classical definition of risk).
- You need to be modelling scaled impact scenarios on your business.
- Scenarios should include very worst-case scenario up to an including 100% loss of revenue/cash flow and outages for:
- A month (end of April 2020)
- Three months (end of June 2020)
- Six months (end of September 2020)
- A year (end of March 2021)
- You need to be modelling scaled impact scenarios on your business looking at operational, financial, physical security; IT security and resourcing.
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You can join the conversation on LinkedIn here.