GAQM CBCP-002 Dumps

A risk register is a register that maintains information on all the identified risks relating to an organization. A risk register is a document or a tool that records and tracks the details of each risk, such as its description, source, impact, likelihood, rating, owner, status, response strategy, action plan, and monitoring method. A risk register is a useful tool for managing risks and communicating them to stakeholders. Verified References:

Milestones are important events in a project that mark the completion of a major deliverable or the achievement of a key goal. They are a good time to check in with employees and management to see how they are feeling about the project, and to get their feedback on how things are going. This is also a good time to reinforce the importance of the project and to get everyone re-committed to its success.

The other three options are not as good times to maximize on the employees' new awareness and management support. Timelines are important, but they are not as important as milestones in terms of getting people's attention. Benchmarks are useful for tracking progress, but they are not as good for getting people's buy-in. Structure is important for organizing a project, but it is not as important as milestones for motivating people.

So, the answer to the question is that the milestones phase of the project is the time to maximize on the employees' new awareness and management support.

Here are some specific things that you can do at the milestones phase to maximize on employee awareness and management support:

Hold a team meeting to celebrate the milestone and to discuss the next steps.

Send out a communication to all employees and managers, highlighting the milestone and thanking everyone for their hard work.

Meet with management to discuss the project's progress and to get their feedback.

Use the milestone as an opportunity to reinforce the importance of the project and to get everyone re-committed to its success.

Strategic management is the type of management that is an often used term, but has so many different connotations to different people that invariably the message of its meaning gets confused. Strategic management is the process of defining and executing the long-term vision, goals, plans, and actions of an organization. Strategic management involves analyzing the internal and external environment, formulating strategies, implementing them, and evaluating their outcomes. Strategic management can be complex and challenging, as it requires alignment and integration of various aspects of the organization, such as culture, structure, resources, capabilities, stakeholders, markets, competitors, or regulations. Verified References:

The four R’s are action approaches for crisis and post-crisis management. They are:

Reduction: This approach aims to prevent or mitigate the occurrence or impact of a crisis by identifying and addressing the root causes, vulnerabilities, and risks.

Readiness: This approach aims to prepare for a potential crisis by developing plans, policies, procedures, systems, teams, and resources that can enable a timely and effective response.

Response: This approach aims to manage a crisis by activating the plans, policies, procedures, systems, teams, and resources that can contain, control, and resolve the situation.

Recovery: This approach aims to restore normal operations after a crisis by implementing actions that can repair damages, restore functions and processes, resume services and products, recover losses, and learn lessons. Verified References:

A facility certification center is a center that provides the physical infrastructure for testing and certifying the functionality and performance of products, systems, or services. A facility certification center may have specialized equipment, tools, environments, or standards that can simulate real-world conditions or scenarios. A facility certification center may also have qualified staff, experts, or auditors who can conduct the testing and certification process. Verified References:

A consultant is a person who borrows your watch to tell you the time, charges you for doing so and then sells you back your watch. This is false because it is a cynical and unfair description of a consultant’s role and value. A consultant is a person who provides professional or expert advice in a specific field or domain. A consultant can help an organization to identify problems, analyze situations, develop solutions, implement changes, improve performance, or achieve goals. A consultant can also provide knowledge, skills, tools, or resources that the organization may not have or need temporarily. Verified References:

Threats can be considered any events or situations that can cause harm or disruption to an organization’s functions or processes. Threats can be natural, human-made, or technological in origin. Some examples of threats are water (such as floods, leaks, or spills), technology failure (such as system crashes, cyberattacks, or power outages), and fire (such as arson, accidents, or explosions). Verified References:

A disaster can also be declared for an illness pandemic where a significant portion of employees are sick. This is true because an illness pandemic is a type of natural disaster that can affect an organization’s ability to continue its normal operations. An illness pandemic can cause absenteeism, reduced productivity, increased costs, supply chain disruptions, customer dissatisfaction, or regulatory compliance issues. Therefore, an organization may need to declare a disaster and activate its business continuity and disaster recovery plan if an illness pandemic impacts its critical functions and processes beyond an acceptable level. VerifiedReferences:

Business continuity planning is the process of identifying, developing, and implementing strategies and plans to ensure the continuity of an organization’s critical functions and processes in the event of a disruption. It can be both time consuming and expensive, as it requires a thorough analysis of risks, impacts, resources, and recovery options. However, management will expect tangible benefits from the process, such as reduced losses, increased resilience, improved reputation, and compliance with regulations. Verified References:

The four T’s of risk guidance produced by the Office of Government Commerce are transfer, tolerate, treat, and terminate. They are:

Transfer: This strategy involves transferring or sharing some or all of the responsibility or impact of a risk to another party, such as an insurer, a supplier, or a partner.

Tolerate: This strategy involves accepting or retaining a risk without taking any further action to reduce it, either because the risk level is acceptable or because the cost or effort of reducing it is not justified.

Treat: This strategy involves taking steps to reduce the likelihood or impact of a risk to an acceptable level, such as implementing controls, mitigations, or contingency plans.

Terminate: This strategy involves eliminating or avoiding a risk by discontinuing or changing the activity that causes it. Verified References:

The frequency of BCP testing for critical processes is a fundamental aspect of ensuring a plan remains effective and relevant. Business Continuity Professional standards, such as those from DRI International and ISO 22301, provide guidance on testing frequency based on the criticality of processes and organizational needs.

Annually: Industry standards recommend that critical processes undergo comprehensive BCP testing at least once a year. This ensures that plans are validated, personnel are trained, and any gaps or changes in the business environment are addressed. Annual testing is considered a baseline requirement for maintaining resilience, particularly for critical functions that, if disrupted, could severely impact the organization.

Quarterly: While more frequent testing (e.g., quarterly) may be appropriate for highly dynamic environments or specific high-risk processes, it is not a universal requirement for all critical processes. Quarterly testing is typically reserved for specific scenarios or as part of a progressive testing strategy rather than a standard frequency.

As per calendar planned at beginning of the year: This option implies a flexible schedule, but it lacks specificity and does not align with standardized recommendations. Testing should follow a defined frequency rather than an arbitrary calendar plan unless explicitly tied to a standard (e.g., annual).

Half-yearly: Semi-annual testing (every six months) may be adopted by some organizations for additional assurance, but it exceeds the minimum standard requirement of annual testing for critical processes unless specified by organizational policy or regulatory mandates.

The verified answer,A. Annually, reflects the widely accepted minimum frequency for testing critical processes as per Business Continuity Professional guidelines. However, organizationsmay increase frequency based on risk assessments or regulatory requirements, though this is not the default expectation.

References:

DRI International Professional Practices for Business Continuity Management (2023), Section 9: Testing and Exercising – Recommends annual testing as a minimum for critical processes.

ISO 22301:2019, Clause 8.5 – Specifies regular testing and exercising, with annual frequency as a common benchmark for critical functions.

A full-scale exercise is a type of exercise that involves all teams. A full-scale exercise is a high-pressure exercise that simulates a realistic scenario of a disruption that affects all or most of the organization’s functions and processes. A full-scale exercise tests the effectiveness and efficiency of the plans, procedures, systems, teams, and resources that are required to respond to and recover from a disruption. A full-scale exercise also evaluates the coordination and communication among all the teams and stakeholders involved. Verified References: