Podcast
Questions and Answers
What is the purpose of the annual Orion BIA (Business Impact Analysis)?
What is the purpose of the annual Orion BIA (Business Impact Analysis)?
- To train employees on BCP procedures
- To communicate with external entities during a disruption
- To activate the Orion EMT (Emergency Management Team)
- To document critical and sensitive functions within Orion and prioritize recovery operations (correct)
What are the key components of Orion's recovery strategies during a BCP event?
What are the key components of Orion's recovery strategies during a BCP event?
- Backup systems, alternate locations, and contingency measures (correct)
- Employee awareness training and BCP testing
- Communication with Global Compliance and the Orion EMT
- All of the above
Who is the initial point of contact for notification of any disruptions at Orion?
Who is the initial point of contact for notification of any disruptions at Orion?
- HR Heads
- Global Compliance (correct)
- Orion Legal
- Global Delivery Head
What is the role of the Orion EMT (Emergency Management Team) during a BCP event?
What is the role of the Orion EMT (Emergency Management Team) during a BCP event?
What is the protocol for external communications during a BCP event at Orion?
What is the protocol for external communications during a BCP event at Orion?
How does Orion ensure employee awareness of BCP procedures?
How does Orion ensure employee awareness of BCP procedures?
What does BCP stand for?
What does BCP stand for?
What is the main purpose of implementing a BCP?
What is the main purpose of implementing a BCP?
How does a BCP help Orion maintain its reputation and revenue?
How does a BCP help Orion maintain its reputation and revenue?
What is the role of cyber insurance in a BCP?
What is the role of cyber insurance in a BCP?
What are the key elements of Orion's BCP?
What are the key elements of Orion's BCP?
How does a BCP ensure the continuity of Orion's client and service delivery operations?
How does a BCP ensure the continuity of Orion's client and service delivery operations?
Study Notes
Business Continuity Planning (BCP)
- The annual Orion BIA (Business Impact Analysis) identifies and evaluates the impact of potential disruptions on Orion's business operations.
Recovery Strategies
- Orion's recovery strategies during a BCP event involve key components that ensure business continuity and minimize disruption.
Notification and Communication
- The initial point of contact for notification of any disruptions at Orion is the designated incident manager.
- The protocol for external communications during a BCP event involves timely and transparent updates to stakeholders, including clients, media, and regulatory bodies.
Emergency Management Team (EMT)
- The Orion EMT plays a critical role during a BCP event, coordinating response efforts and ensuring effective incident management.
Employee Awareness
- Orion ensures employee awareness of BCP procedures through regular training, awareness programs, and access to BCP documentation.
BCP Definition and Purpose
- BCP stands for Business Continuity Planning.
- The main purpose of implementing a BCP is to ensure business continuity and minimize the impact of disruptions on operations.
Reputation and Revenue Protection
- A BCP helps Orion maintain its reputation and revenue by ensuring prompt response to disruptions, minimizing downtime, and protecting critical business operations.
Cyber Insurance
- Cyber insurance provides an additional layer of protection in a BCP, offering financial support in the event of a cyber-related disruption.
Key Elements of Orion's BCP
- Orion's BCP encompasses key elements, including risk assessment, business impact analysis, incident response, and recovery strategies.
Continuity of Operations
- A BCP ensures the continuity of Orion's client and service delivery operations by identifying and mitigating risks, and implementing effective response and recovery strategies.
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Description
Test your knowledge on Orion's BIA (Business Impact Analysis) and BCP (Business Continuity Planning) strategy which includes conducting annual BIA, documenting critical functions, and recovery strategies. Learn about communication, coordination, and the role of Global Compliance in notification during BCP.