CRA BCP & Crisis Scenario Planning 3

Question 1

A financial firm's BCP identifies that its trading platform must recover within 2 hours. After testing, actual recovery takes 5 hours. What is the appropriate next step?

Accepted Answer

Revise the recovery strategy to close the gap

Answer

When actual recovery time exceeds the RTO, the organization must improve its recovery strategy — not simply adjust the objective to match poor performance.

Question 2

Which element of a crisis management plan addresses how the organization will maintain brand reputation during and after a disruptive event?

Accepted Answer

Communication and public relations strategy

Answer

The communication and public relations strategy within a crisis plan governs messaging to protect and restore organizational reputation.

Question 3

During scenario planning, which technique involves assigning probabilities to multiple plausible future states to prepare for uncertainty?

Accepted Answer

Probabilistic scenario analysis

Answer

Probabilistic scenario analysis assigns likelihood estimates to different future scenarios, enabling risk-adjusted planning and resource allocation.

Question 4

A business impact analysis (BIA) prioritizes recovery based primarily on:

Accepted Answer

Criticality of business functions and financial impact of disruption

Answer

A BIA ranks business functions by their criticality and the financial or operational impact their disruption would cause, driving recovery prioritization.

Question 5

Which crisis scenario category involves a gradual, long-term threat that builds slowly and may be overlooked until it becomes a crisis?

Accepted Answer

Smoldering crisis

Answer

A smoldering crisis develops slowly over time and is often ignored until it erupts publicly, such as a product defect or compliance failure.

(CRA) Certified Risk Analyst Practice Test

(CRA) Certified Risk Analyst Practice Test

CRA BCP & Crisis Scenario Planning 3