Data Used for Business Impact Analysis (BIA)

Data Used for Business Impact Analysis

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Question

Which of the following data would be used when performing a business impact analysis (BIA)?

Answers

Explanations

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A. B. C. D.

B.

When performing a Business Impact Analysis (BIA), the main objective is to identify and assess the potential impact of a disruption to the organization's operations. The impact can be assessed in various aspects such as financial, operational, legal, regulatory, and reputational.

To perform a BIA, one of the critical data that should be considered is the expected costs for recovering the business after an interruption. This data will help the organization to identify and prioritize critical business functions that need to be restored urgently, and allocate resources accordingly. By analyzing the recovery costs, the organization can determine the resources required for the recovery phase and identify the most cost-effective recovery strategy.

Therefore, the correct answer is B. Expected costs for recovering the business.

The other options are not directly related to BIA:

A. Cost of regulatory compliance: While this data may be relevant in the risk assessment process, it is not a critical factor in identifying and assessing the potential impact of a disruption to the organization's operations.

C. Cost-benefit analysis of running the current business: This data may be used to evaluate the organization's current operations and identify areas for improvement, but it is not a direct factor in assessing the potential impact of a disruption to the organization's operations.

D. Projected impact of the current business on future business: This data may be relevant in the strategic planning process, but it is not directly related to identifying and assessing the potential impact of a disruption to the organization's operations.