CPS 230 Pre-Mortem

A pre-mortem exercise for those implementing CPS230 (APRA-regulated entities in Australia).

[ 🤔 What is she talking about, I hear you say? Premortem: A pre-project (or early project) exercise that involves visualising a project failure and evaluating how to solve the issues. The goal of a premortem is to identify potential problems and mitigate them.]

🤕 Band-aids only. Retrofitting old ways of thinking (siloes) instead of facing into this fundamental shift to operational risk management (customer value chains), and only thinking this is about changing risk processes (hint: its more about integrating risk into other key processes, e.g. project risk management, than perfecting the risk processes). This is also known as the square-peg-round-hole conundrum.

🌏 Scope was too big. A lack of top-down prioritisation and challenge of scope from the outset leading to lots of problems and not much progress. Don't try to fix the world, find what matters to your drive better customer outcomes through resilient processes and influence that.

🧠 Work as imagined is not translated to work as done. A lot of time spent in design, but not enough spent in embedding.

🤼 Hot potatoes. Not leaning into the ownership of decision making around Critical Operations early. No one wants this hot potato! This might be new to you to think 'value-chain', not 'divisional scope', so start having conversations now and apply the 'what if' to scenarios in your business today.

This are just a few of the key ones, any more you can think of?

#CPS230 #Embed #OperationalResilience #APRA