Understanding the Impact of Disruptive Events on Business
Question
Mark works as a security manager for SoftTech Inc.
He is involved in the BIA phase to create a document to be used to help understand what impact a disruptive event would have on the business.
The impact might be financial or operational.
Which of the following are the objectives related to the above phase in which Mark is involved? Each correct answer represents a part of the solution.
Choose three.
Answers
Explanations
Click on the arrows to vote for the correct answer
A. B. C. D.ABC.
The Business Impact Analysis (BIA) phase is an important part of the business continuity planning process. Its main objective is to identify and prioritize critical business functions and processes, assess the potential impact of disruptions to these functions, and provide recommendations for the recovery and restoration of these functions in the event of a disruptive event.
Mark, as a security manager for SoftTech Inc., is involved in this BIA phase to create a document that will help the company understand the impact of a disruptive event on the business. The impact could be financial or operational in nature.
Based on this, the following are the objectives related to the BIA phase in which Mark is involved:
B. Criticality prioritization: This objective involves identifying and prioritizing the critical business functions and processes based on their importance to the organization. By doing so, SoftTech can focus its resources on ensuring the continuity of the most critical functions in the event of a disruptive event.
C. Down-time estimation: This objective involves assessing the potential impact of a disruptive event on the business in terms of downtime. By estimating the amount of time it would take to restore critical business functions, SoftTech can better understand the potential impact of a disruptive event on its operations.
A. Resource requirements identification: This objective involves identifying the resources that would be required to restore critical business functions in the event of a disruptive event. By identifying the necessary resources in advance, SoftTech can better prepare for a potential disruptive event and ensure that it has the resources it needs to recover quickly.
D. Performing vulnerability assessment: This objective involves assessing the vulnerabilities and potential threats that could impact critical business functions. By doing so, SoftTech can develop appropriate risk management strategies to mitigate the impact of these threats and vulnerabilities.
However, it's worth noting that D. Performing vulnerability assessment is not directly related to the BIA phase, but rather to the risk assessment phase which comes before the BIA phase in the business continuity planning process.
