Interactive dependency curves for resilience management
Journal of Business Continuity & Emergency Planning
|November 23, 2014
Summary
Understanding physical dependencies is crucial for organizational and regional resilience. Analyzing critical resources and their backup systems helps mitigate disruptions and ensure business continuity.
Area of Science:
- Organizational resilience
- Supply chain management
- Risk assessment
Background:
- Organizations rely on specific resources for operations, making them vulnerable to supply disruptions.
- Assessing physical dependencies is key to understanding and mitigating risks to business continuity.
- Thorough characterization of dependencies reduces an organization's vulnerability to external operational impacts.
Purpose of the Study:
- To outline a protocol for assessing critical resource dependencies.
- To provide a framework for evaluating resource criticality and backup provisions.
- To introduce a method for visualizing and managing the impact of resource disruptions.
Main Methods:
- Determining the use and redundancy of critical resources.
- Evaluating existing protections, backup equipment, and service arrangements.
- Estimating the impact of service loss, including time to severe impact and operational maintenance capacity.
- Identifying regulatory or policy-driven shutdown requirements due to resource disruption.
Main Results:
- A systematic approach to evaluating resource criticality and vulnerability.
- Identification of key factors for maintaining operations during service disruptions.
- Development of interactive dependency curves for visualizing and managing supply chain risks.
Conclusions:
- Comprehensive assessment of physical dependencies enhances organizational and regional resilience.
- Understanding resource criticality and backup strategies is vital for business continuity.
- Interactive dependency curves offer a valuable tool for anticipating and managing disruption impacts.
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