Business Continuity and Resilience Planning Flashcards

How is organizational resilience best defined in a risk management context?

Answer: The capacity to anticipate, absorb, and adapt to disruptions while maintaining core functions

Organizational resilience is the ability to anticipate threats, withstand shocks, and adapt and recover while continuing to deliver core objectives.

What is ISO 22301 the international standard for?

Answer: Business continuity management systems

ISO 22301 is the international standard specifying requirements for a Business Continuity Management System (BCMS) to protect against and recover from disruptions.

What is the primary purpose of a tabletop exercise in business continuity testing?

Answer: To discuss and walk through responses to hypothetical scenarios in a low-stress environment

Tabletop exercises allow teams to verbally walk through their response to simulated crisis scenarios, identifying plan gaps without operational disruption.

What is a 'hot site' in the context of disaster recovery?

Answer: A fully operational backup facility ready for immediate takeover if the primary site fails

A hot site is a fully equipped and operational backup facility that can immediately assume operations if the primary site becomes unavailable.

What does supply chain resilience mean in an enterprise risk context?

Answer: The capacity to maintain operations when key supply chain disruptions occur

Supply chain resilience involves identifying vulnerabilities and implementing strategies to maintain operations when key suppliers, logistics, or inputs are disrupted.

What is the primary goal of a pandemic plan within a business continuity framework?

Answer: To ensure business operations can continue when a large portion of the workforce is unavailable

A pandemic plan addresses how the organization maintains critical operations when large numbers of employees are unable to work due to widespread illness.