Quick Answer: What Is The Correct Order Of Steps For The Business Continuity Plan Phases?

What are the four main steps of the business continuity planning process?

The 4 phases of a business continuity planInitial response.Relocation.Recovery.Restoration..

What are the steps in the business continuity planning process?

This involves six general steps:Identify the scope of the plan.Identify key business areas.Identify critical functions.Identify dependencies between various business areas and functions.Determine acceptable downtime for each critical function.Create a plan to maintain operations.

Which of the following is a key test done during business continuity planning?

Tabletop Exercise/Structured Walk-Through Test: At its core, a BCP Tabletop Test is a scenario-based role-playing exercise. The objective is to ensure all critical personnel in your organization are aware of and familiar with the relevant portions of the BCP, as well as their role in a disaster/event.

What is the first step in business continuity planning?

To create an effective business continuity plan, a firm should take these five steps:Step 1: Risk Assessment. This phase includes: … Step 2: Business Impact Analysis (BIA) … Step 3: Business Continuity Plan Development. … Step 4: Strategy and Plan Development. … Step 5: Plan Testing & Maintenance.

What is the goal of continuity planning?

The main goals of a business continuity plan are to improve responsiveness by the employees in different situations, ease confusion by providing written procedures and participation in drills and help ensure logical decisions are made during a crisis.

What are the three branches of business continuity?

Three Key Components of a Business Continuity PlanRecover personnel. Successful BCPs are built from the top down. … Recovery procedure. The recovery procedure is that part of your BCP that outlines the strategies for business functionality. … Data backup.

What is meant by business continuity?

Business continuity is an organization’s ability to ensure operations and core business functions are not severely impacted by a disaster or unplanned incident that take critical systems offline.

What is the difference between a business continuity plan and a disaster recovery plan?

The key difference is when the plan takes effect. For example, business continuity requires you to keep operations functional during the event and immediately after. Disaster recovery focuses on how you respond after the event has completed and how you return to normal.

What are the 7 steps of continuity management?

7 Steps to Create a Business Continuity Plan + Webinar ReplayStep 1: Regulatory Review and Landscape. … Step 2: Risk Assessment. … Step 3: Perform a Business Impact Analysis. … Step 4: Strategy and Plan Development. … Step 5: Create an Incident Response Plan. … Step 6: Plan Testing, Training and Maintenance. … Step 7: Communication.

What is the objective of a business continuity plan?

The objectives of a business continuity plan (BCP) are to minimize financial loss to the institution; continue to serve customers and financial market participants; and mitigate the negative effects disruptions can have on an institution’s strategic plans, reputation, operations, liquidity, credit quality, market …

What are five major elements of a typical disaster recovery plan?

5 Elements of a Disaster Recovery Plan – Is Your Business…Create a disaster recovery team. … Identify and assess disaster risks. … Determine critical applications, documents, and resources. … Determine critical applications, documents, and resources. … Specify backup and off-site storage procedures. … Specify backup and off-site storage procedures. … Test and maintain the DRP.

What are the three continuity strategy plans?

Companies must separate business continuity planning into three phases: planning and prevention (resolve phase), disaster response (respond phase) and, return to normal (rebuild phase). They must also think about three levels of disruption because disasters vary widely in scope and complexity.

What are the key components of a business continuity plan?

At a minimum, the plan should include:Policy, purpose, and scope.Goals and objectives.Assumptions.Key roles and responsibilities.Business impact analysis (BIA) results.Risk mitigation plans.Offsite data and storage requirements.Business recovery and continuity strategies.More items…

What is a continuity strategy?

1. Business Continuity Strategy is a phase within the BCM planning process. It is the conceptual summary of preventive (mitigation) strategies, crisis response strategies and recovery strategies that must be carried out between the occurrence of a disaster and the time when normal operations are restored.

What is a business continuity plan and how is it used?

Plans may provide detailed strategies on how business operations can be maintained for both short-term and long-term outages. A key component of a business continuity plan (BCP) is a disaster recovery plan that contains strategies for handling IT disruptions to networks, servers, personal computers and mobile devices.