COMPUTER NETWORKS AND COMMUNICATIONS
NETWORK SECURITY AND CYBERSECURITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A tool for document all activities across the business for better understanding
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A method of challenging preconceptions about service delivery
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An analysis tool for a building loss
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A process of analyzing activities and the effect that a business disruption might have upon them
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Detailed explanation-1: -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 BIA is an essential component of an organization’s business continuity plan (BCP).
Detailed explanation-2: -A business impact analysis (BIA) predicts the consequences of disruption of a business function and process and gathers information needed to develop recovery strategies. Potential loss scenarios should be identified during a risk assessment.
Detailed explanation-3: -A business impact analysis (BIA) is the process of determining the criticality of business activities and associated resource requirements to ensure operational resilience and continuity of operations during and after a business disruption.
Detailed explanation-4: -BIA’s acronym refers to Business Impact Analysis. A BIA is carried out within the activities of a Business Continuity Management System (BCMS). Its formal definition is: “Process of analyzing the impact over time of a disruption on the organization”(ISO 22301: 2019, 3 Terms and definitions, 3.5).
Detailed explanation-5: -The objectives of a BIA are to: Determine the criticality of individual business functions in the organization. Determine the impact of a disruption on CBFs, e.g. financial and non-financial losses. Determine the tolerable limits of failure or loss of each CBF.