Black Swan Audit

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Black Swan Audit

A black swan audit is an assessment of how ready Org is to deal with disastrous events. Such an audit must assess whether Org will be able to continue business if unpredictable event with high impact strikes. In orgtology we do not believe that contingency plans are enough to manage black swan risks. Beyond checking for contingency plans, an audit must also include Org’s risk appetite; the repetitive vs. non-repetitive activity ratio that Org authorises; the leadership capability that Org has, to deal with crisis events; and whether Org would financially survive if disaster strikes.

 

Author - Derek Hendrikz
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