PECB ISO-22301-Lead-Auditor Exam With Confidence Using Practice Dumps

According to ISO 22301:2019, Clause 6.1.2, the organization must establish, implement, and maintain a documented process to manage risks related to the continuity of its critical functions and the achievement of its business continuity objectives. The risk management process should include the identification, analysis, and evaluation of the risks that may cause disruption to the organization’s operations, products, and services. The level of risk for an organization should be determined by combining the consequence and likelihood of the events that may lead to disruption, as well as the organization’s risk criteria, risk appetite, and risk tolerance. The consequence of an event is the impact or effect that it may have on the organization’s objectives, reputation, stakeholders, and resources. The likelihood of an event is the probability or frequency that it may occur, based on historical data, statistical analysis, expert judgment, or other methods. The organization should use appropriate tools and techniques to assess the level of risk, such as risk matrices, risk registers, risk maps, or risk software. The organization should also document the results of the risk assessment and communicate them to relevant interested parties. The purpose of risk management for business continuity is to find out what problems an organization may face, and to take appropriate actions to prevent, mitigate, or transfer the risks, or to accept them if they are within the organization’s riskcriteria. References: ISO 22301:2019, Clause 6.1.2; ISO 22301 Auditing eBook, Chapter 4.2.2.

A time-based objective is an objective that should be attainable within a given timeframe. Time-based objectives help to ensure that the organization is taking timely and realistic actions to achieve its desired outcomes and performance. Time-based objectives also help to monitor and measure the progress and results of the actions, as well as to identify and address any delays or deviations. Time-based objectives are one of the characteristics of the S.M.A.R.T. concept, which stands for Specific, Measurable, Achievable, Relevant, and Time-based. The S.M.A.R.T. concept is a useful tool for setting effective objectives that are clear, realistic, and meaningful. The S.M.A.R.T. concept is applicable to various types of objectives, such as business continuity objectives, recovery time objectives, recovery point objectives, minimum business continuity objectives, etc. According to the ISO 22301 Auditing eBook, "Time-bound: BCOs [Business Continuity Objectives] should be time-bound, with clear deadlines and timelines for achieving the objectives. This ensures that the organization is taking timely action to protect critical business functions during a disruptive incident."1 References:

• ISO 22301 Auditing eBook, Chapter 2: Business Continuity Concepts and Principles, Section 2.3: Business Impact Analysis2
• How to set ISO 22301 Business Continuity Objectives - Advisera1
• What is the Plan-Do-Check-Act (PDCA) Cycle?3

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