Critical Business Process Identification and Prioritization | CISA Exam Prep

Critical Business Process Identification and Prioritization

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Question

An IS auditor is reviewing the process followed in identifying and prioritizing the critical business processes.

This process is part of the:

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Explanations

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A. B. C. D.

C.

The process of identifying and prioritizing critical business processes is typically part of a Business Impact Analysis (BIA). A BIA is a key component of Business Continuity Planning (BCP) and is conducted to identify and prioritize critical business functions and processes, the potential impact of disruptions to those functions, and the resources necessary to resume those functions in the event of a disruption.

The purpose of a BIA is to ensure that an organization can maintain essential business operations during and after a disaster or other disruptive event. By identifying critical business processes and understanding their dependencies, organizations can develop effective plans for managing risks and minimizing the impact of disruptions.

The Balanced Scorecard is a strategic management tool used to measure and monitor an organization's performance against its goals and objectives. It is not directly related to the process of identifying and prioritizing critical business processes.

The Operations component of a Business Continuity Plan (BCP) is focused on ensuring that critical business processes can be resumed in the event of a disruption. While the BIA is a key input to the development of the BCP, the BIA specifically focuses on identifying and prioritizing critical business processes, whereas the BCP focuses on the specific steps necessary to resume those processes.

Enterprise Risk Management (ERM) is a process that involves identifying, assessing, and managing risks across an entire organization. While the process of identifying and prioritizing critical business processes is an important component of ERM, it is not typically referred to as part of an ERM plan.

Therefore, the correct answer is B. Business Impact Analysis (BIA).