Answer: A

A well-defined, risk-based classification system for all assets and processes of the organization is one of the most important component for initializing the business continuity planning efforts. A well-defined risk-based classification system would assist in identifying the criticality of each of the key processes and assets used by the organization. This would assist in the easy identification of key assets and processes to be secured and plans to be made to recover these processes and assets at the earliest after a disaster. Inventory of critical assets and not all assets is required for initiating a business continuity plan. Complete documentation of all disasters is not a prerequisite for initiating a business continuity plan, rather various disasters are considered while developing the plan and only the one having an impact on the organization is addressed in the plan. The availability of hardware and software is not required for initiating the development of a plan; however, it is considered when developing the detailed plan in accordance with the strategy adopted.   _{Your Comment}