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

Regulatory compliance is the adherence to laws, regulations, guidelines and specifications relevant to an organization’s business processes. It has always been a challenge to organizations since it has a significant influence on corporate planning, such as strategic objectives, policies, procedures, risk management, performance measurement and improvement. Regulatory compliance can also affect the organization’s reputation, customer satisfaction, stakeholder confidence and legal liability. Therefore, organizations need to establish, implement, maintain and improve a business continuity management system (BCMS) that meets the requirements of ISO 22301 and other applicable regulations. References: ISO 22301 Auditing eBook, Chapter 1: Introduction to Business Continuity Management Systems (BCMS), Section 1.2: Regulatory Compliance, page 9.

 The evaluation process that enables senior executives to manage decisions on building resilience in the development programme is the new product/service assessment. This process involves evaluating the potential impact of new products or services on the organization’s business continuity objectives, risks, and capabilities. The new product/service assessment helps senior executives to identify and prioritize the business continuity requirements and resources needed for the successful launch and delivery of new products or services. The new product/service assessment also helps senior executives to monitor and review the performance and effectiveness of the new products or services in relation to the business continuity objectives and expectations. References:

• ISO 22301 Auditing eBook, page 67
• ISO 22301:2019, clause 8.3

 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