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FRM Part II · FRM Exam Part II · Introduction to Operational Risk and Resilience

When mapping the resources supporting a critical operation, which approach is most consistent with operational resilience principles?

Resilience mapping should trace each critical operation end to end across people, processes, technology, facilities, information and third parties. This exposes interdependencies and single points of failure that narrower views, such as internal IT only or past loss sources, would miss.

  1. AMapping only internal IT systems owned by the firm
  2. BMapping people, processes, technology, facilities, information and third-party dependencies end to end for each critical operationCorrect
  3. CMapping each business unit's organizational chart
  4. DMapping only those resources that have previously caused loss events

Explanation

Mapping should follow the critical operation end to end and include all interdependent resources, including external providers. Limiting to owned IT, org charts, or past loss sources leaves hidden dependencies and single points of failure.

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