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Business Continuity Planning:

The individual should be very familiar with business continuity planning. The individual should be very well versed in the different types of business continuity planning methods, including continuity of operations, disaster recovery and business continuity management.

Risk Avoidance, Transfer and Acceptance:

The individual must understand how to reduce risk through information security measures. This involves understanding the need for risk assessment, analyzing weaknesses in internal controls and identifying risk mitigation strategies. The individual should be very well versed in risk avoidance because it will help him or her identify risks within the organization as well as take measures to eliminate these risks.

Reference: http://www.certiport.com/portal/common/documentlibrary/IC3_GS4_Key_Applications.pdf

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