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Business Impact Analysis
In order for an organization to develop an effective business continuity plan or disaster recovery plan, it must know what information assets it has, their impact on business operations, and the criticality and priorities associated with the information systems and assets. The primary objective of a business impact analysis (BIA) is to identify the assets that are required for continued business operations in the event of an incident or disaster.
Thus, a critical step in the development of an effective BIA includes establishing component priorities and determining component reliance and dependencies. Additionally, organizational personnel must know their responsibilities during recovery efforts.
1.Describe the methods for establishing component priorities, including:
a. Business functions and processes b. BIA scenarios and components c. Financial and service impact of components not being available d. Recovery time frameworks
