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Business Continuity Professional Exam Prep #2

Category - CBCP #2

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How should the costs associated with a Business Continuity Plan be managed? (Select all that apply.)
  1. The BCP should be created and implemented regardless of the costs
  2. The BCP should have a budget which is approved by senior management
  3. Individual items in the BCP should be financially justified
  4. A BCP should be written so that it takes no money to execute
Explanation
Answer: B and C - The Business Continuity Plan should maintain a budget which is approved by senior management. Itshould be financially justified as well. A Business Continuity Plan should be treated like any other project, where budget constraints are considered along with the risks involved.

Key Takeaway: In order for a Business Continuity Plan to be successful, it must be appropriately funded. Items such as employee time, testing scenarios, and maintaining emergency backup preparedness require funding in order to be successful.

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