Developing Effective Risk Response Plans for Business Units - CRISC Exam

Same Risk Response Plan for Business Units - CRISC Exam

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Question

All business units within an organization have the same risk response plan for creating local disaster recovery plans.

In an effort to achieve cost effectiveness., the BEST course of action would be to:

Answers

Explanations

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A. B. C. D.

C.

The best course of action for achieving cost-effectiveness when all business units have the same risk response plan for creating local disaster recovery plans is to evaluate opportunities to combine disaster recovery plans. Therefore, option C is the correct answer.

Explanation:

Option A, outsourcing disaster recovery to an external provider may reduce the burden on business units, but it may not be cost-effective. Outsourcing disaster recovery to an external provider can be expensive, especially if it is not done on a large scale.

Option B, selecting a provider to standardize the disaster recovery plans may help to ensure consistency in plans, but it may not be cost-effective. This option may require a significant investment in selecting and engaging a provider.

Option D, centralizing the risk response function at the enterprise level, may improve consistency and coordination, but it may not be cost-effective. This option may require significant investment in setting up a central risk response function.

Therefore, evaluating opportunities to combine disaster recovery plans is the best course of action for achieving cost-effectiveness. Combining disaster recovery plans can lead to the identification of redundancies and help to optimize resources. Additionally, it may allow the organization to negotiate better rates with service providers, which can lead to cost savings. However, it is important to ensure that the combined plan meets the needs of all business units and that there are no conflicts or gaps in the plan.