Which of the following data would be used when performing a business impact analysis (BIA)?
Which of the following data would be used when performing a business impact analysis (BIA)?
The primary focus of a Business Impact Analysis (BIA) is to identify and evaluate the potential impacts of disruptions to critical business operations. This includes understanding the costs associated with recovering these operations in the event of a disruption. Hence, the most relevant data when performing a BIA would be the expected costs for recovering the business. This information helps prioritize recovery efforts and allocate resources effectively to minimize downtime and financial loss.
Correct answer should be B (Expected costs for recovering the business).
According to CISA Review Manual, the BIA include two cost 1. downtime cost and 2. recovery cost. B is the right answer.
I think A is right. I think B is about DRP.
Answer should A. Expected cost of recovery is related to DR plans while BIA is a projection of how issues with current instance will affect future instance
option A does not even make sense for me "impact from current business on future business". BIA is about immediate impact of business
If the business loses a lot of money due to the impact of loss of service, then that's one to consider in the BIA isn't it?
I really think the answer can also be B. The choice of answer in CISA exams are too vague IMHO
The data used when performing a business impact analysis (BIA) should help identify and prioritize critical business processes and the potential impacts of disruptions to those processes. Therefore, the MOST relevant data that would be used when performing a BIA is option B, the expected costs for recovering the business.
I think B is the correct answer
A : Please consider that not all Business Impacts are necessarily negative.
Projected impact of current business on future business, cost of regulatory compliance, and cost benefit analysis of running the current business are not directly related to the BIA process. While these factors may be important considerations for an organization's overall business strategy and planning, they are not directly related to the BIA process, which focuses specifically on identifying and evaluating the potential impact of disruptions or disasters on critical business functions and processes.
The expected costs for recovering the business are a critical component of the BIA, as they help determine the resources required to recover the organization's critical business functions and processes. These costs may include the costs of equipment, software, and personnel required to recover the organization's IT systems, as well as the costs of temporary facilities, supplies, and other resources required to maintain critical business operations.
When performing a business impact analysis (BIA), the data used would include the expected costs for recovering the business. A business impact analysis (BIA) is a process that helps identify and evaluate the potential impact that disruptions or disasters could have on an organization's critical business functions and processes. The goal of the BIA is to determine the potential impact of these disruptions or disasters and to establish recovery strategies that will allow the organization to resume normal operations as quickly as possible.
Answer should A. Expected cost of recovery is related to DR plans while BIA is a projection of how issues with current instance will affect future instance
Should be B, refere CRISC 404 question on this site
I appreciate your consideration. Option A, "Projected impact of current business on future business," might be relevant in strategic planning, but when specifically conducting a Business Impact Analysis (BIA), the primary focus is on understanding the potential impacts of disruptions to current business operations. I dont understand how they put the correct answer without explanation. Its danger, really risky to the contributtor typo
projected impact
Answer: B
By definition, BIA is a process to determine the impact of losing the support of any resource. The definition of BIA makes option A most favourable.