BCP & Crisis Scenario Planning Flashcards
7 cards from real CRA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 BCP & Crisis Scenario Planning flashcards as text
An organization conducts a full-scale BCP exercise that disrupts live operations. What is the primary risk of this test type compared to a tabletop exercise?
Answer: It may cause actual operational disruption during the test
Full-scale exercises involve activating real systems and personnel, which can inadvertently cause operational disruptions if not carefully controlled.
Which regulatory framework requires US banks to test business continuity plans annually and report results to their board of directors?
Answer: FFIEC Business Continuity Management Booklet
The FFIEC Business Continuity Management Booklet mandates that financial institutions conduct regular BCP tests and report results to senior management and the board.
In scenario planning, the 'worst-case scenario' approach differs from 'most-likely scenario' planning primarily because it:
Answer: Designs plans for the most severe plausible outcome regardless of probability
Worst-case scenario planning prepares organizations for extreme outcomes to ensure resilience even under the most severe conditions, not just the most probable ones.
A risk analyst is assigned to assess the impact of a pandemic on the organization. Which BCP scenario category does this fall under?
Answer: Pandemic or health emergency
Pandemic and health emergency scenarios are a distinct BCP category addressing workforce unavailability, public health restrictions, and sustained disruption.
Which BCP concept ensures that an organization's recovery priorities are aligned with its strategic business objectives and stakeholder expectations?
Answer: Business continuity governance
Business continuity governance aligns BCP priorities with strategic objectives by ensuring executive oversight, policy alignment, and stakeholder accountability.
During a crisis, the 'golden hour' concept refers to:
Answer: The critical initial period when rapid response can significantly limit damage
The golden hour in crisis management refers to the critical early period when swift, decisive action can contain the situation and prevent escalation.
Which component of a BCP specifically addresses how an organization will maintain or restore customer-facing services during a disruption to protect revenue?
Answer: Customer continuity strategy
A customer continuity strategy within the BCP ensures that service delivery to clients is maintained or quickly restored to protect customer relationships and revenue.