Project Initiation and Management
This is the first step in building the Business Continuity program is project initiation and management. During this phase, the following activities will occur:
Obtain senior management support to go forward with the project Define a project scope, the objectives to be achieved, and the planning assumptions Estimate the project resources needed to be successful, both human resources and financial resources Define a timeline and major deliverables of the project In this phase, the program will be managed like a project, and a project manager should be assigned to the BC and DR domain.
The next step in the planning process is to have the planning team perform a BIA. The BIA will help the company decide what needs to be recovered, and how quickly. Mission functions are typically designated with terms such as critical, essential, supporting and nonessential to help determine the appropriate prioritization.
One of the first steps of a BIA is to Identify and Prioritize Critical Organization Functions. All organizational functions and the technology that supports them need to be classified based on their recovery priority. Recovery time frames for organization operations are driven by the consequences of not performing the function. The consequences may be the result of organization lost during the down period; contractual commitments not met resulting in fines or lawsuits, lost goodwill with customers.
All other answers are incorrect.
Reference(s) used for this question: Hernandez CISSP, Steven (2012-12-21). Official (ISC)2 Guide to the CISSP CBK, Third Edition ((ISC)2 Press) (Kindle Locations 21073-21075). Auerbach Publications. Kindle Edition. Hernandez CISSP, Steven (2012-12-21). Official (ISC)2 Guide to the CISSP CBK, Third Edition ((ISC)2 Press) (Kindle Locations 20697-20710). Auerbach Publications. Kindle Edition.