312-50V13 · Question #377
On performing a risk assessment, you need to determine the potential impacts when some of the critical business processes of the company interrupt its service. What is the name of the process by…
The correct answer is B. Business Impact Analysis (BIA). To identify critical business processes and assess the potential impact of their interruption, a Business Impact Analysis (BIA) is performed.
Question
Options
- AEmergency Plan Response (EPR)
- BBusiness Impact Analysis (BIA)
- CRisk Mitigation
- DDisaster Recovery Planning (DRP)
How the community answered
(34 responses)- A3% (1)
- B85% (29)
- C3% (1)
- D9% (3)
Why each option
To identify critical business processes and assess the potential impact of their interruption, a Business Impact Analysis (BIA) is performed.
Emergency Plan Response (EPR) refers to the actions taken during an emergency, not the analysis phase that identifies critical processes.
A Business Impact Analysis (BIA) is a systematic process used to identify and evaluate the potential effects of an interruption to critical business functions and processes. The BIA helps determine recovery priorities, resource requirements, and recovery time objectives (RTOs) and recovery point objectives (RPOs) based on the financial and operational impact of downtime.
Risk Mitigation involves implementing controls to reduce the likelihood or impact of risks, which comes after identifying critical processes and their impacts.
Disaster Recovery Planning (DRP) focuses on technical recovery strategies and procedures after a disaster, relying on the output of a BIA to determine what needs to be recovered and in what order.
Concept tested: Business Impact Analysis (BIA)
Source: https://www.ready.gov/business-impact-analysis
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