ISO-22301-Lead-Auditor Exam Dumps : PECB Certified ISO 22301 Lead Auditor Exam

 A risk assessment is a review that uncovers the vulnerability and exposure of the organizational activities to specific types or risk. A risk assessment helps to identify, analyze, and evaluate the potential threats and impacts that could affect the organization’s ability to achieve its objectives and maintain its continuity. A risk assessment also helps to determine the appropriate risk treatment options and controls to reduce the likelihood and/or consequences of the risks. A risk assessment is an essential part of the business continuity management system (BCMS) as it enables the organization to prioritize its business continuity requirements and resources based on the level of risk. References:

• ISO 22301 Auditing eBook, page 25
• ISO 22301:2019, clause 6.1.2

Business Impact Analysis (BIA) is an objective approach that assesses the organisational activities and determines their criticality, dependencies, and recovery priorities. BIA is a key process in developing a business continuity management system (BCMS) according to ISO 22301. BIA helps to identify the potential impacts of disruptions to the organisation’s critical functions and processes, such as financial losses, reputational damage, legal liabilities, regulatory penalties, customer dissatisfaction, etc. BIA also helps to determine the recovery time objectives (RTOs), recovery point objectives (RPOs), and minimum business continuity objectives (MBCOs) for each critical function and process. BIA provides the basis for developing business continuity strategies and plans that ensure the continuity and resilience of the organisation. References:

• ISO 22301 Auditing eBook, Chapter 2: Business Continuity Concepts and Principles, Section 2.3: Business Impact Analysis1
• ISO/TS 22317:2021(en), Security and resilience — Business continuity management systems — Guidelines for business impact analysis2

The four phases of the Deming Cycle are Plan, Do, Check, and Act. The Deming Cycle, also known as the PDCA cycle, is a four-step model for continuous improvement of processes, products, or services. The cycle was developed by Dr. W. Edwards Deming, a pioneer of quality management, and is based on the scientific method of problem-solving. The four phases of the Deming Cycle are1:

• Plan: Identify the problem or opportunity, analyze the root causes, and establish the objectives and measures for improvement.
• Do: Implement the planned solution, test the results, and collect data for evaluation.
• Check: Compare the actual results with the expected results, identify the gaps and deviations, and analyze the effectiveness and efficiency of the solution.
• Act: Take corrective or preventive actions to close the gaps and prevent recurrence, standardize the solution, and communicate and document the lessons learned. The Deming Cycle is a dynamic and iterative process that can be applied to any type of process, product, or service. The cycle helps to ensure that the improvement is based on facts and data, and that the improvement is monitored and evaluated for further improvement. The Deming Cycle is also aligned with the structure and content of ISO 22301, the international standard for business continuity management systems (BCMS). ISO 22301 follows the Plan-Do-Check-Act approach to establish, implement, maintain, and improve a BCMS that enables an organization to prepare for, respond to, and recover from disruptive incidents2. References:
• PDCA (Plan-Do-Check-Act) Cycle in ISO 9001 Requirements - Advisera
• ISO 22301:2019 - NQA, page 9