What assesses potential loss that could be caused by a disaster?
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A. B. C. D.B.
The Business Assessment is divided into two components.
Risk Assessment (RA) and Business Impact Analysis (BIA)
Risk Assessment is designed to evaluate existing exposures from the organization's environment, whereas the BIA assesses potential loss that could be caused by a disaster.
The Business Continuity Plan's goal is to reduce the risk of financial loss by improving the ability to recover and restore operations efficiently and effectively.
Source: BARNES, James.
C.
& ROTHSTEIN, Philip J., A Guide to Business Continuity Planning, John Wiley & Sons, 2001 (page 57)
And: KRUTZ, Ronald L.
& VINES, Russel.
D., The CISSP Prep Guide: Mastering the Ten Domains of Computer Security, John Wiley & Sons, 2001, Chapter 8: Business Continuity Planning and Disaster Recovery Planning (page 276).
The correct answer is B. The Business Impact Analysis (BIA).
A Business Impact Analysis (BIA) is a critical component of the disaster recovery and business continuity planning process. It is a systematic process that identifies and evaluates the potential effects (financial, operational, and reputational) of a disaster on an organization's critical business operations. A BIA assesses the potential loss that could be caused by a disaster and prioritizes critical business functions, systems, and processes.
The Business Assessment (BA) is a more general term and could refer to any assessment related to a business. It does not specifically focus on assessing potential loss caused by a disaster.
The Risk Assessment (RA) evaluates the potential risks that a business may face, including natural disasters, cyber threats, and other types of risks. While a risk assessment is a critical component of a comprehensive disaster recovery plan, it is not specifically designed to assess potential loss caused by a disaster.
The Business Continuity Plan (BCP) is a plan that outlines how an organization will continue to operate during and after a disaster. While a BCP takes into account the potential loss caused by a disaster, it is not specifically designed to assess the potential loss.
In summary, the Business Impact Analysis (BIA) is the assessment that evaluates the potential loss caused by a disaster, while the other options are not specifically designed to perform this assessment.