Business Continuity Management Flashcards
What is Business Continuity?
Actions taken to sustain and resume operations impacted by crisis events and includes recovery from those events.
What does the Disaster Recovery Journal define as Business Continuity?
The strategic and tactical capability of the organization to plan for and respond to incidents and business disruptions in order to continue business operations at an acceptable predefined level.
How does the American Society for Industrial Security (ASIS) define Business Continuity?
The systematic and coordinated activities and practices through which an organization manages its operational risks and the associated potential threats.
What is the ISO definition of Business Continuity?
The capability of the organization to continue the delivery of products and services at acceptable predefined levels following a disruptive event.
According to the Disaster Recovery Institute International (DRII), what is Business Continuity?
A holistic management process that identifies potential threats to an organization and the impacts those threats might cause.
What does the Business Continuity Institute (BCI) emphasize in its definition?
Having a plan to deal with difficult situations, ensuring the organization can continue to function with minimal disruption.
What is NFPA 1600?
National Fire Protection Association - The Standard on Continuity, Emergency, and Crisis Management; a universal standard for emergency management and business continuity.
What is the primary focus of ISO 22301?
Business Continuity management systems.
What does ASIS SPC.1-2009 provide for organizations?
A framework to assess risks of disruptive events, develop proactive strategies for prevention, response, and recovery.
What is the NFPA 1600 standard primarily focused on?
Emergency management and preparedness.
What does Continuity of Operations Planning (COOP) ensure?
The capability to continue essential program functions and preserve essential facilities, equipment, and records across a broad range of potential emergencies.
What major act allows the federal government to provide assistance without Congressional approval?
Stafford Act – 1988.
What is the role of the Federal Emergency Management Agency (FEMA)?
To coordinate federal response to disasters and manage emergency preparedness.
What is Disaster Recovery?
A set of policies, procedures, and tools to maintain or quickly resume mission-critical functions following a disaster. Focuses mainly on the IT or technology systems. Aims to protect an organization from the effects of significant negative effects. Is a subset of business continuity.
What is the primary focus of Business Continuity compared to Disaster Recovery?
Resilience and sustainability; enabling operations to continue with minimal interruption. Compared to response and recovery. Protect people and property via emergency actions.
What is a key priority in Business Continuity Management?
Protection of human life.
What must be included in Business Continuity Management?
Identification of critical functions, contingency plans, and necessary resources.
What are some justifications for implementing a Business Continuity Management (BCM) program?
- High cost of downtime
- Loss of competitive advantage
- Mitigate financial loss
- Ensure safety of employees
Name a few key events that have driven changes and emphasis on BCM.
- San Fernando Earthquake – 1971
- 9/11/01
- Hurricane Katrina – 2005
- COVID-19 global pandemic – 2020
What does a BCM Steering Committee provide?
Project oversight and establishes principles and processes to guide the development of the BCM.
What are the main responsibilities of a Business Continuity Program Manager?
Understand organizational context, culture, external relationships, risks, and regulatory environment.
What phases are essential in Business Continuity Management?
- Identify
- Prevent
- Mitigate
- Prepare
- Respond
- Recover
- Restore
