BCM BCM Program Governance & Compliance 1

Question 1

Which international standard provides the most widely recognized framework for Business Continuity Management Systems?

Accepted Answer

ISO 22301

Answer

ISO 22301 is the international standard specifically designed for Business Continuity Management Systems.

Question 2

What is the primary role of a BCM governance committee?

Accepted Answer

Providing oversight, policy direction, and accountability for BCM activities

Answer

A BCM governance committee provides strategic oversight, sets policy direction, and ensures organizational accountability for the BCM program.

Question 3

Which regulatory requirement most commonly drives US financial institutions to maintain formal BCM programs?

Accepted Answer

FFIEC IT Examination Handbooks

Answer

The FFIEC IT Examination Handbooks provide comprehensive BCM guidance and compliance expectations for US financial institutions.

Question 4

What does a BCM policy statement primarily define?

Accepted Answer

Organizational commitment, scope, objectives, and roles for the BCM program

Answer

A BCM policy statement defines the organization's commitment, scope, objectives, and high-level roles and responsibilities for the program.

Question 5

In the context of BCM compliance audits, what is a 'gap analysis'?

Accepted Answer

A comparison of current BCM practices against a target standard to identify deficiencies

Answer

A gap analysis compares the organization's current BCM state against a target standard or framework to identify areas requiring improvement.

(BCM) Business Continuity Management Certification Practice Test