BIA Quiz: Test Your Business Impact Analysis Knowledge

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.

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.