DRII CBCP Certification Exam 2023 with 100% correct answers

Ensure survival of the entity Number 1 reason of BC importance Important concepts in establishing BC program Leadership must buy in and commit before any BC tasks take place. It should be funded by leadership and there should be a budget! Budget requirements for the BC program This is auditable Steering Committee 6-7 business leaders (representing different business units) that will make decisions regarding BC Who signs the business continuity policy statement Budget This item is similar to a BC policy statement Legal and Regulatory requirements What should be presented to leadership to effectively establish the need for Business Continuity Management Scope Where you can and would put exclusions in the introduction of the BC plan Resilience The adaptive capacity of an organization in a complex and changing environment. Risk Management Acceptance/tolerance Prevention/mitigation Risk retention Risk transfer Enterprise Risk Risks associated with not only accidental losses, but also financial, strategic, operational, and other risks Operational Risk Risks associated with internal adequacies of an organization or a breakdown of its controls, operations, or procedures Business Continuity Reducing the impacts that occur when there is a failure in enterprise or operational risk management