A business impact analysis (BIA) is a systematic process to determine and evaluate the potential effects of an interruption to critical business operations as a result of a disaster, accident or emergency.
A business impact analysis (BIA) predicts the consequences of a disruption or outage of a business function, system or process and gathers information needed to develop recovery strategies.
Conducting the Business Impact Analysis (BIA)
The next step in the planning process is to have the planning team perform a BIA. The
BIA will help the company decide what needs to be recovered, and how quickly. Mission
functions are typically designated with terms such as critical, essential, supporting, and
nonessential to help determine the appropriate prioritization.
I will go with C
A Business Impact Analysis (BIA) primarily aims to assess and determine the impact that a failure of mission-critical systems or processes will have on the organization's core business functions. It helps in understanding which processes are essential for continued business operations and how disruptions in those processes could affect the organization. By identifying critical functions and their dependencies, the BIA aids in developing recovery strategies and prioritizing resources for business continuity.
Interesting everyone went with D. The problem I have with answer d is that it mentions Information systems when a bia is about all business processes. I honestly think C is a better answer. Why do you identify critical processes? its for part 2(identify resource requirements) and 3(identify recovery priorities) of the BIA process. Ultimately, part 1 feeds into part 2.
Everyone can claim their system is the most critical but once faced with how much recovery costs would be, this often changes. The critical outcomes of BIA will be a series of time measurements: MTD, RTO, RPO, WRT. None of the other BCP planing steps can be done without these values. Infact the MTD is what escalates incident to being a disaster
Going with "D" on this one. Option "C" falls more towards the DR aspect of BIA.
upvoted 2 times
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