Quiz for Developing Your Business Continuity Management Plan

1. The focus of the bank’s BCM Program should be enterprise-wide, include process-oriented approaches that consider technology, business operations, testing, and communication strategies critical to the continuity of the entire bank. 

2. Which of the below items are steps of the Business Continuity Management Cycle

3. Governance is a critical piece of what makes up a Business Continuity Management program, specifically as it relates to the responsibilities of the Board and _______________ .

4. Business continuity risk management focuses on a subset of operational risk factors, against which capital and reserves alone may not protect the bank and involves managing the possibility of an event that jeopardizes critical systems.

5. Management should include _____________ as part of an effective business continuity program to educate stakeholders on resilience, business continuity goals, corporate-wide objectives, policies, and individual personnel roles and responsibilities

6. Training should be tailored to the target audience, addressing the needs of specific groups and participants should include the board, senior management, business process owners, and frontline personnel.

7. Because risks and technology often change, how often should management review and update the business continuity program to reflect the current environment?

8. Management does not need to report to the board on the status of business continuity completing the BCM cycle.

9. The ______________ of the BCM program should provide an independent assessment of management’s ability to oversee the bank’s continuity and resilience risk The release of non-public private information on the black market

10. Risk Assessments are an important element of a Business Continuity Management Plan.