Risk and crisis tool from Instinctif Partners assists Boards of Directors in measuring business resilience
CrisisOptic – a new risk and crisis tool developed by Instinctif Partners to ascertain a business’ ability to respond to a crisis – quantifies business resilience in ten key areas, from governance and risk management through to operational response.
Using a carefully weighted assessment system, the solution generates a bespoke Business Resilience Score and visual dashboard presentation based on the examination of 112 data points. Instinctif Partners then prepares a brief report to accompany the score that can be used to inform policies, procedures and capabilities specifically configured to strengthen risk and issues management as well as crisis preparedness.
Andrew Caines (group technical director at Cranswick plc who was involved in the beta-testing of CrisisOptic) said: “Business leaders need to measure how well their organisation can withstand a world that’s volatile, uncertain, complex and ambiguous. The Turnbull Report established standards of risk management back in 1999. Since then, businesses have been crying out for a quick method in which to evaluate how resilient they might be in the event of a crisis. CrisisOptic delivers on that requirement.”
CrisisOptic is based on international Best Practice for crisis management – including global standard BS 11200:2014 – and Instinctif Partners’ end-to-end methodology developed while working with clients from global brands through to Government regulators and SMEs.
Victoria Cross, who leads Instinctif Partners’ risk, issues and crisis team, explained: “CrisisOptic is a game-changer for business resilience, anti-fragility and risk and crisis management. This solution is both fast and accurate and will enable organisations to focus finite resources on the specific areas where they’re most exposed.”