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CBCP-002 Test Vce Free - CBCP-002 Exam Practice
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GAQM Certified Business Continuity Professional (CBCP) Sample Questions (Q38-Q43):
NEW QUESTION # 38
Which phase of the project is the time to maximize on the employees' new awareness and management support?
- A. Milestones
- B. Timelines
- C. Structure
- D. Benchmark
Answer: A
Explanation:
Explanation
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.
NEW QUESTION # 39
Which type of risk occurs due to volatile environments in which businesses operate and the nature of their operations?
- A. Auditing Risk
- B. Project Risk
- C. Quality Risk
- D. Business Risk
Answer: D
Explanation:
Explanation
Business risk is the risk of loss or damage to an organization's performance, reputation, assets, or stakeholders due to internal or external factors that affect its ability to achieve its objectives. Business risk can arise from various sources, such as market conditions, customer preferences, competition, technology, regulation, compliance, operations, finance, human resources, or natural disasters. Business risk can have a direct or indirect impact on an organization's profitability, growth, sustainability, or continuity. Verified References:
https://www.investopedia.com/terms/b/businessrisk.asphttps://www.thebci.org/training-qualifications/good-pract
NEW QUESTION # 40
Which system in place enables you to balance risk and entrepreneurial energy with appropriate internal control procedures to manage that risk?
- A. Quality Management System
- B. Corporate Governance
- C. Auditing Report
- D. Banking System
Answer: B
Explanation:
Corporate governance is the system of rules, practices, and processes by which an organization is directed and controlled. It involves balancing the interests of various stakeholders, such as shareholders, management, customers, suppliers, regulators, and the community. It also enables an organization to balance risk and entrepreneurial energy with appropriate internal control procedures to manage that risk. Effective corporate governance can enhance performance, accountability, transparency, and trust. Verified References:
https://www.investopedia.com/terms/c/corporategovernance.asphttps://www.thebci.org/training-qualifications
/good-practice-guidelines.html
NEW QUESTION # 41
Which statement is authorized at an appropriate level and should codify the company's attitude to a particular risk?
- A. Process Document
- B. QMS Document
- C. Policy Statement
- D. Privacy Statement
Answer: C
Explanation:
A policy statement is a statement that is authorized at an appropriate level and should codify the company's attitude to a particular risk. A policy statement is a document that defines the scope, objectives, principles, roles, and responsibilities of a business continuity management program. It should also express the organization's commitment to managing risks and ensuring continuity of its critical functions and processes.
A policy statement should be approved by senior management and communicated to all relevant stakeholders.
Verified References: https://www.iso.org/publication/PUB100442.htmlhttps://phoenixnap.com/blog/what-is- business-continuity-management
NEW QUESTION # 42
Risk ownership must be clearly set out, documented and agreed with the individual owners at all levels of the operational risk management process.
Answer: A
Explanation:
Risk ownership must be clearly set out, documented and agreed with the individual owners at all levels of the operational risk management process. This is true because risk ownership is one of the key principles of business continuity management. Risk ownership means that each risk has a designated person who is responsible and accountable for its identification, assessment, treatment, monitoring, and reporting. Risk owners should have the authority and resources to manage their risks effectively and efficiently. Verified References: https://www.iso.org/publication/PUB100442.htmlhttps://www.thebci.org/training-qualifications
/good-practice-guidelines.html
NEW QUESTION # 43
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Because the Certified Business Continuity Professional (CBCP) (CBCP-002) test has a restricted time constraint, time management must be exercised to get success. Only with enough practice one can answer real GAQM CBCP-002 Exam Questions in a given amount of time. It has created three formats to aid GAQM CBCP-002 applicants in practicing and organizing their time for this aim.
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