CPS 230 Milestones

Team, do we need to talk about milestones 🔶 ...?

Specifically, #CPS230 milestones 🔶 ...?

🔶 Milestone 1 - July 2024 - Critical operations and material service providers identified
❓ What I think APRA are saying here is "Demonstrate that you understand the scope of CPS230"

🔶 🔶 Milestone 2 - December 2024 - Entities positioned to set tolerance levels
❓❓ What I think APRA are saying here is "Demonstrate that you have engaged the Business and Board in deep conversations about impacts of disruption or operational risk management failure of critical operations"

🔶 🔶🔶 Milestone 3 - 1 July 2025 - CPS230 Commences
❓❓❓ What I think APRA are saying here is "Demonstrate that you are prepared for disruption and are managing the operational risks in critical operations and material service providers"

I think that thinking about the intent of these milestones helps teams tasked with CPS230 compliance to galvanise their organisation into focus on what it will take to meet 'the milestone'.

💡 Do you agree?
💡 Do you need help gaining traction on Milestone 1, 2 or 3?

August Advisory