The purpose of this assignment is to conduct a business impact analysis (BIA) an
ID: 428580 • Letter: T
Question
The purpose of this assignment is to conduct a business impact analysis (BIA) and use it to formulate a resource profile.
Complete the "Business Impact Analysis Template," using the specifics outlined below:
Record the Company Name and Your Name (Section 1).
Describe the system with a 100-150 word description (Section 2).
List at minimum three business processes and descriptions (Section 3.1).
Explain the business impact if the business processes defined experienced an outage (Section 3.1.1).
Complete the impact table for each business process (Section 3.1.1).
Complete the downtime table for each business process (Section 3.1.1).
Explain the reason for the amount of time selected for each business process in the downtime table (Section 3.1.1).
Identify the resource requirements (servers, network devices, applications, databases, storage, etc.) that support the business processes (Section 3.2).
Complete the priority table for all resources (Section 3.3).
Business Impact Analysis Template
1. Overview
This business impact analysis (BIA) was developed as part of the contingency planning process for the {company name}. It was prepared by {insert student name}.
1.1 Purpose
The purpose of the BIA is to identify and prioritize system components by correlating them to the mission/business process(es) the system supports, and using this information to characterize the impact on the process(es) if the system were unavailable.
The BIA is composed of the following three steps:
Determine mission/business processes and recovery criticality. Mission/Business processes supported by the system are identified, and the impact of a system disruption to those processes is determined along with outage impacts and estimated downtime. The downtime should reflect the maximum that an organization can tolerate while still maintaining the mission.
Identify resource requirements. Realistic recovery efforts require a thorough evaluation of the resources required to resume mission/business processes and related interdependencies as quickly as possible. Examples of resources that should be identified include facilities, personnel, equipment, software, data files, system components, and vital records.
Identify recovery priorities for system resources. Based upon the results from the previous activities, system resources can more clearly be linked to critical mission/business processes. Priority levels can be established for sequencing recovery activities and resources.
This document is used to build the information system contingency plan (ISCP) and is included as a key component of the ISCP. It also may be used to support the development of other contingency plans associated with the system, including, but not limited to, the disaster recovery plan (DRP) or cyber incident response plan.
2. System Description
<Provide a general description of system architecture and functionality>
Explanation / Answer
Business impact analysis (BIA) helps for predicting the consequences of business disruption function and the processes and helps for gathering information which is required for developing recovery strategies. It is useful as potential trial loss strategies and its identification is important for risk assessment.
The failure of supplier of goods or services or any delayed services may be affected.
The base for investment in strategies of recovery and investment for prevention and mitigation strategies are important for identifying and evaluating the impact of disasters. The operational and the financial impacts need to be identified and this results from the business function disruption and the processes. The impacts take into account lost sales and income, sales that are delayed and income, increased expenses and regulatory fines. Customer dissatisfaction and the new business plans delay.
The influence and impact is important for component of business continuance plan. It takes into account exploratory component for revealing vulnerabilities and the planning component. This is done for developing the strategies for the process of risk minimization
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.