As part of business continuity planning, which of the following is MOST important to assess when conducting a business impact analysis (BIA)?
As part of business continuity planning, which of the following is MOST important to assess when conducting a business impact analysis (BIA)?
The most important aspect to assess when conducting a business impact analysis (BIA) is the completeness of the critical asset inventory. This inventory forms the foundation for identifying the essential functions and resources of the organization. Without knowing all the critical assets, evaluating their impact on business continuity and planning appropriate recovery strategies would be incomplete and potentially ineffective.
B. Completeness of critical asset inventory
I think the correct is A. BIA would result in determining critical asset so it wont be the answer.
|Business Impact Analysis (BIA) Steps| | ----- | |1. Identify company's critical business functions| |2. Identify resources these functions depend upon| |3. Calculate how long these functions can be without these resources| |4. Identify vulnerabilities and threats to these functions| |5. Calculate risk for each different business function| |6. Develop backup solutions for resources based on tolerable outage times| |7. Develop recovery solutions for the company's individual departments and for the company as a whole|
Its Risk appetite - in BCP - business impact analysis (BIA) needs to consider the risk appeitie as it has changed form before, and the new plan should align with it?
While risk appetite (option A) is also an important consideration in business continuity planning, it typically pertains to the organization's willingness to accept risks rather than the specific assessment conducted during the BIA process. The completeness of the critical asset inventory forms the foundation for evaluating risks and developing appropriate continuity strategies based on the organization's risk appetite. Therefore, assessing the completeness of the critical asset inventory is generally considered the MOST important aspect of conducting a business impact analysis.
I think its A or C. Both seems like they could be correct. Both happen within a BIA. What say you?
D is answer.
sorry. A is correct.
Answer is B. For those picking A, how do you assess the risk appetite?🤣 Endeavour to look for the keyword in the questions before deciding on an option.