Start your CBCP-002 Exam Questions Preparation with Updated 42 Questions
A Fully Updated 2024 CBCP-002 Exam Dumps - PDF Questions and Testing Engine
The CBCP-002 certification exam is a computer-based exam that consists of 150 multiple-choice questions. Candidates have three hours to complete the exam, and they must score a minimum of 70% to pass. CBCP-002 exam is available in multiple languages, including English, Spanish, and Chinese.
NEW QUESTION # 22
Which phase of the project is the time to maximize on the employees' new awareness and management support?
- A. Benchmark
- B. Timelines
- C. Structure
- D. Milestones
Answer: D
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 # 23
Which risk group is associated with risk of physical assets failing/being damaged or enhanced?
- A. Technical
- B. Financial
- C. Operational
- D. Strategic
Answer: A
Explanation:
Explanation
Technical risk is the type of risk that is associated with risk of physical assets failing/being damaged or enhanced. Technical risk is the uncertainty or variability of the performance or reliability of physical assets, such as equipment, systems, infrastructure, or data. Technical risk can result from factors such as design flaws, manufacturing defects, maintenance issues, obsolescence, human error, natural disasters, or cyberattacks.
Technical risk can affect an organization's operational efficiency, quality, safety, security, or profitability.
Verified References:
https://www.investopedia.com/terms/t/technical-risk.asphttps://www.thebci.org/training-qualifications/good-prac
NEW QUESTION # 24
Which system in place enables you to balance risk and entrepreneurial energy with appropriate internal control procedures to manage that risk?
- A. Corporate Governance
- B. Auditing Report
- C. Banking System
- D. Quality Management System
Answer: A
Explanation:
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/go
NEW QUESTION # 25
Which of the following is a low-pressure exercise that uses presentation techniques including videos, slides, and handouts, so that participants fully understand their plans?
- A. Facilitated discussion
- B. Single team simulation
- C. Virtualization
- D. Plan walkthrough
Answer: D
Explanation:
Explanation
A plan walkthrough is a low-pressure exercise that uses presentation techniques including videos, slides and handouts, so that participants fully understand their plans1.
NEW QUESTION # 26
A disaster lasting longer than seventy-two (72) hours requires implementation of which of the following:
- A. Business Continuity and Disaster Recovery Plan
- B. Short Term Business Continuity Plan
Answer: A
Explanation:
Explanation
A disaster lasting longer than seventy-two (72) hours requires implementation of a business continuity and disaster recovery plan. A business continuity and disaster recovery plan is a comprehensive document that outlines how an organization will respond to and recover from a disaster that disrupts its normal operations. It covers both the IT aspects (disaster recovery) and the business aspects (business continuity) of restoring the critical functions and processes within an acceptable time frame. A disaster lasting longer than seventy-two (72) hours is likely to have significant impacts on the organization's performance, reputation, assets, and stakeholders, and therefore requires a coordinated and structured approach to ensure its survival and resilience.
Verified References:
https://www.ready.gov/business-continuity-planhttps://www.csoonline.com/article/515730/business-continuity-a
NEW QUESTION # 27
Individual accountability for the management of the risk should be clearly established.
- A. False
- B. True
Answer: B
Explanation:
Explanation
Individual accountability for the management of the risk should be clearly established. This is true because accountability is one of the key principles of business continuity management. Accountability means that each person involved in the business continuity management program has a clear understanding of their roles and responsibilities, as well as the authorityand resources to perform them. Accountability also means that each person is held responsible for their actions and outcomes, and that they report on their performance and progress regularly. Verified References:
https://www.iso.org/publication/PUB100442.htmlhttps://phoenixnap.com/blog/what-is-business-continuity-mana
NEW QUESTION # 28
Which Process can be both time consuming and expensive as a result, management will expect tangible benefits to be achieved by the process?
- A. Business Process Planning
- B. Business Continuity Planning
- C. Business Contingency Planning
- D. Business Ethical Planning
Answer: B
Explanation:
Explanation
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:
https://www.ready.gov/business-continuity-plan https://drii.org/resources/professionalpractices/EN
NEW QUESTION # 29
A formal "disaster" can only be declared by the firm owners or by the IT Department Manager.
- A. True
- B. False
Answer: B
Explanation:
Explanation
A formal "disaster" can only be declared by the firm owners or by the IT Department Manager. This is false because a formal "disaster" can be declared by any authorized person who has the responsibility and authority to activate the business continuity and disaster recovery plan. The authorized person may vary depending on the type, scope, and severity of the disaster, but it should be clearly defined in the plan who can declare a disaster and under what circumstances. The authorized person should also communicate the declaration of a disaster to all relevant stakeholders, such as employees, customers, suppliers, partners, regulators, media, or the public. Verified References:
https://www.ready.gov/business-continuity-planhttps://www.csoonline.com/article/515730/business-continuity-a
NEW QUESTION # 30
Which of the following are the four T's of risk guidance produced by by the Office of Government Commerce? (choose four)
- A. Title
- B. Terminate
- C. Treat
- D. Tolerate
- E. Transfer
- F. Technique
Answer: B,C,D,E
Explanation:
Explanation
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: https://www.investopedia.com/terms/t/the-four-ts.asp
https://www.thebci.org/training-qualifications/good-practice-guidelines.html
NEW QUESTION # 31
When should the Business Continuity Planning be reviewed?
- A. Whenever the company gets audited
- B. At least annually or whenever significant changes occur
- C. Whenever the legal department declares it is time
- D. Whenever encountering a disaster
Answer: B
Explanation:
Explanation
Business continuity planning is not a one-time activity, but a dynamic and ongoing process that needs to be reviewed and updated regularly to reflect changes in the internal and external environment. The frequency of review may vary depending on the nature and size of the organization, but it is generally recommended to conduct a review at least annually or whenever significant changes occur that may affect the continuity of the organization's functions and processes. Such changes may include organizational restructuring, new products or services, new technologies, new regulations, new threats or vulnerabilities, or lessons learned from incidents or exercises. Verified References:
https://www.ready.gov/business-continuity-planhttps://drii.org/resources/professionalpractices/EN
NEW QUESTION # 32
Which type of risks result from business decisions that are influenced by changes in markets, liquidity changes and credit risks?
- A. Technical
- B. Financial
- C. Operational
- D. Strategic
Answer: B
Explanation:
Explanation
Financial risks are the risks that result from business decisions that are influenced by changes in markets, liquidity, and credit. Financial risks are the uncertainties or variabilities of the financial performance or position of an organization due to factors such as interest rates, exchange rates, inflation, credit ratings, debt levels, or cash flows. Financial risks can affect an organization's profitability, solvency, liquidity, or valuation.
Verified References:
https://www.investopedia.com/terms/f/financialrisk.asphttps://www.thebci.org/training-qualifications/good-pract
NEW QUESTION # 33
Tolerating risk is where no action is taken to mitigate or reduce a risk.
- A. False
- B. True
Answer: B
Explanation:
Explanation
Tolerating risk is where no action is taken to mitigate or reduce a risk. This is true because tolerating risk is one of the possible strategies for managing risk. Tolerating risk means 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. Tolerating risk may be appropriate for low-priority or low-impact risks that do not pose a significant threat to the organization's objectives. Verified References:
https://www.investopedia.com/terms/t/the-four-ts.asphttps://www.thebci.org/training-qualifications/good-practic
NEW QUESTION # 34
A disaster can also be declared for an illness pandemic where a significant portion of employees are sick.
- A. False
- B. True
Answer: B
Explanation:
Explanation
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. Verified References:
https://www.ready.gov/business-continuity-planhttps://www.csoonline.com/article/515730/business-continuity-a
NEW QUESTION # 35
Which of the following four are action approach crisis and post-crisis management? (Choose four R's)
- A. Readiness
- B. Rustic
- C. Rss Feed
- D. Response
- E. Recovery
- F. Reduction
Answer: A,D,E,F
Explanation:
Explanation
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:
https://www.cisco.com/c/en/us/solutions/hybrid-work/what-is-business-continuity.html
https://phoenixnap.com/blog/what-is-business-continuity-management
NEW QUESTION # 36
Which type of risk occurs due to volatile environments in which businesses operate and the nature of their operations?
- A. Auditing Risk
- B. Quality Risk
- C. Project 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 # 37
In the event of a disaster that destroys the physical office site operations will be relocated to a temporary site.
- A. False
- B. True
Answer: B
Explanation:
Explanation
In the event of a disaster that destroys the physical office site operations will be relocated to a temporary site.
This is true because one of the recovery strategies for a disaster is to have an alternate site where the critical functions and processes can be resumed until the primary site is restored or replaced. The alternate site can be a pre-arranged location, such as a rented office space, a hotel, or another branch of the same organization, or a mobile facility, such as a trailer or a container. The alternate site should have the necessary equipment, systems, data, and resources to support the continuity of the business. Verified References:
https://www.ready.gov/business-continuity-planhttps://www.csoonline.com/article/515730/business-continuity-a
NEW QUESTION # 38
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The GAQM CBCP-002 exam covers a wide range of topics, including business impact analysis, risk and vulnerability assessment, continuity strategies and solutions, disaster recovery planning and testing, emergency response, crisis management, and more. The CBCP program provides a deep understanding of the challenges facing organizations in times of crisis and how to effectively prepare for and respond to these challenges.
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