Interim Standard
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AS 5050 (Int):2020
[Current]Managing disruption-related risk
This Standard provides guidance on the unique nature of disruption-related risk and different approaches required for its management. This guidance should be used in conjunction with existing risk management arrangements that an organization may use.
Published: 23/10/2020
Pages: 48
Table of contents
Cited references
Content history
Table of contents
Header
About this publication
Preface
Introduction
1 Scope and general
1.1 Scope
1.2 Referenced documents
1.3 Terms and definitions
2 The nature of disruption-related risk
2.1 The nature of uncertainty
2.2 Relationships with resilience
2.3 Disruption
2.3.1 General
2.3.2 Types of change that can lead to disruption
2.3.3 Effects of disruption
2.3.4 Transition state model of disruption
2.4 Disruption-related risk
2.5 Assumptions
3 Arrangements for managing disruption-related risk
3.1 Integrating disruption-related risk into a risk management framework
3.1.1 General
3.1.2 Objective setting
3.1.3 Culture
3.1.4 Leadership
3.1.5 Risk appetite and tolerance
3.1.6 Importance of communication and consultation
3.2 Adjusting organizational arrangements
4 Process for managing disruption-related risk
4.1 General
4.1.1 Introduction
4.1.2 Outcomes
4.1.3 Overview
4.2 Exploring the context
4.2.1 General
4.2.2 Exploring the external context
4.2.3 Exploring the internal context
4.2.4 Decision making criteria
4.2.5 Establishing the scope and structure of a particular risk management activity
4.3 Assessing disruption-related risk
4.3.1 General
4.3.2 Risk identification
4.3.3 Risk analysis
4.3.3.1 General
4.3.3.2 Understanding criticality
4.3.3.3 Understanding vulnerability
4.3.3.4 Propagation of effects
4.3.3.5 Developing narratives
4.4 Evaluating and making decisions about risk
5 Treating disruption-related risk
5.1 General
5.2 Generating treatment options
5.3 Selecting treatment options
5.4 Designing treatment implementation strategies
5.4.1 General
5.4.2 Delivering treatment implementation strategies
5.4.3 Evaluation of treatment implementation strategies
6 Maintaining and improving performance
6.1 General
6.2 Monitoring and review
6.3 Individual, team and organizational learning
6.4 Learning from past events, scenarios and simulated environments
6.5 Assurance
Appendix A
A.1 Treatment options
A.2 Before disruption occurs
A.2.1 Awareness and anticipatory strategies
A.2.2 Prevention and protection strategies
A.2.3 Preparedness strategies
A.3 Response strategies
A.4 Relief and recovery strategies
Appendix B
Bibliography
Amendment control sheet
AS 5050:2020
Amendment No. 1 (2023)
Revised text amendment
Cited references in this standard
[Current]
Security and resilience — Business continuity management systems — Requirements
Content history
[Current]
[Superseded]
DR AS/NZS 5050:2020
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