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Asset Resilience

Asset Resilience 2018-03-12T10:13:06-04:00

Resilience Definition

All organizations are vulnerable to disruption and change

The world is becoming more volatile, uncertain, complex and ambiguous (VUCA). A facility designed a few years ago may not be t for the future due to changing parameters caused by stresses such as climate change, technical advances or market changes. Organizations need to be aware of strategic risks and potential opportunities to their business from a range of stresses; for example, the use of AI and automation will change the way a facility runs, the workforce and skill sets it needs. The effects of climate change on extreme weather events is another concern. While these could cause a major business disruption, those with the foresight to embrace and prepare can turn this to an advantage and get ahead of the competition.

Resilience threats

A resilient organization is adaptive, agile, robust and competitive – harnessing experience and embracing opportunity to achieve longevity.

Resilience Meeting

Organizational Resilience provides a common platform and shared understanding for adapting to a dynamic business environment; allowing leaders to take measured risks with confidence, responding quickly and appropriately to both opportunities and threats.

Whilst risk prevention and mitigation is an important part of resilience, equal focus is given to business improvement. It is not a defensive strategy. It is a positive, forward-looking strategic enabler; resilient organizations are agile and proactive; aware of, anticipating, creating and taking advantage of new opportunities.

We recognize that most companies have taken steps to improve their resilience, however these are often not joined up across the organization. This is because understanding the dependencies and interconnectivities of systems is complex and requires cross-company collaboration. We have developed a framework and approach that can provide a comprehensive assessment of the resilience of your organization, its assets and supply chains. Pulling together and reviewing all these aspects allows the following benefits:

  • A comprehensive view – facilitating clear decision making and prioritization of resources.
  • Increased strategic adaptability, agile leadership and robustness.
  • Provides business case for investing in resilience measures.
  • Identifies cross departmental co-benefits leading to cost savings.
  • Leads to the realization of competitive advantage.