Business Continuity Plan Testing

$750.00

Pricing starts at $750 for in-network credit unions, relative to the size and complexity of operations and IT topology. A custom Statement of Work and proposal will be provided based on a (free) initial consultation.

The true measure of any Business Continuity Plan is not in the number of pages it contains, but whether or not it will deliver when disruptive events occur. Are you planning for the right scenarios? Are the procedures within the plan correct and complete? Are staff trained on performing the procedures, or will they learn-as-they-go, delaying the recovery effort and prolonging the business outage? The same certified professionals who currently oversee the Business Continuity Program at CU*Answers offer a range of testing options.

Overview

When unexpected disruptions occur, too many organizations discover that their recovery plans are incomplete or outdated and that their staff are not adequately trained in the roles they are assigned. This leads to prolonged outages and expensive recovery efforts. Testing your plan on a regular basis provides the opportunity to:

  1. Verify the completeness and accuracy of the procedures in the plan
  2. Confirm that investments in redundant technology components will work when needed
  3. Identify areas within the plan that should be enhanced or updated to improve effectiveness
  4. Provide training for recovery teams to improve efficiency
  5. Demonstrate the ability to recover from unplanned disruptions
  6. Build confidence in the program and the ability of staff

As a credit union, you are required to perform a recovery test at least annually, and the results of the test are to be reviewed by Senior Management and the Board of Directors (or applicable committee). Performing the same test each year can lead to a false sense of security. Recovery tests and exercises should be designed with an increasing scope for continuous program improvement.

The certified Business Continuity professionals at CU*Answers have the knowledge and experience necessary and will work with your team to develop and coordinate a testing schedule that accomplishes the goals listed above.

The Process

A certified CU*Answers Business Continuity professional will work with you and your team from start to finish to:

  1. Assess the current testing program and develop one that addresses the key areas of the plan
  2. Design the testing playbook that identifies the process and steps for each test or exercise
  3. Coordinate the necessary support teams throughout the duration of the test to ensure that the desired tasks are performed
  4. Recommend areas for improvement, both in procedures, and in continuity and recovery strategies
  5. Document the results of the test and/or exercise in a final report for presentation to your Board of Directors and to auditors and examiners

Next Steps

Engagements start at $750.00 and are based on the size and complexity of operations and IT topology.

An initial (free) consultation is offered to assess the needs of your existing Business Continuity Testing program and identify an action plan to get to the target state. A custom Statement of Work and proposal will be provided for each project.

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