Business Continuity Planning

Question 1

What are the 3 facets of BCP?

Answer 1

1. Crisis Management Plan
2. Disaster Recovery Plan
3. Scenario Planning

Question 2

What is the Crisis Management Plan?

Answer 2

• Ensuring that key internal and external stakeholders understand what the firm’s response is to the crisis.
• Reputation management
• Setting expectations with stakeholders.

Question 3

What is the Disaster Recovery Plan?

Answer 3

• Restoration of infrastructure to continue operations.
• Damage limitation

Question 4

What is Scenario Planning?

Answer 4

• Linked to testing of BCP and preparation.
• Consider what financial resources are required - stress testing
• Understanding the internal and external contexts that may contribute to a crisis.
• Thinking about responses to unlikely but high impact events.

Question 5

What is the ISO 23301 approach to BCP?

Answer 5

PDCA - Plan, Do, Check, Act

Question 6

What are the 5 components of Business Continuity Management System?

Answer 6

1. Identify risk factors impacting the firm
2. Understand the needs and obligations of the firm
3. Establish, implement and maintain the BCMS
4. Measure overall capability to manage disruptive events
5. Guarantee conformity with the stated BCP

Question 7

What are the characteristics of a successful BCP?

Answer 7

1. Comprehensive
2. Cost effective
3. Practical
4. Effective
5. Maintained
6. Practised

Question 8

What are the stages of BCP?

Answer 8

1. Understand the business
2. Select BCM strategy
3. Develop the response
4. Establish continuity culture
5. Exercising and plan maintenance