Analysis of Corporate Enterprise Network: Impact Assessment for Revenue, Referrals, and Reputation

Identifying Elements of a Business Impact Analysis (BIA) for Revenue, Referrals, and Reputation

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Question

A company is performing an analysis of the corporate enterprise network with the intent of identifying what will cause losses in revenue, referrals, and/or reputation when out of commission.

Which of the following is an element of a BIA that is being addressed?

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Explanations

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A. B. C. D.

A.

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 scenario presented in the question is related to Business Impact Analysis (BIA), which is a process that identifies critical business functions, assesses their dependencies on IT systems and infrastructure, and evaluates the potential impact of disruptions to those functions.

The goal of the BIA process is to determine what will cause losses in revenue, referrals, and/or reputation when critical business functions are out of commission. Therefore, the element of BIA that is being addressed in this scenario is the identification of mission-essential functions.

Mission-essential functions are the critical business functions that must be maintained in order for an organization to continue its operations. These functions are usually identified based on their importance to the organization's mission and the impact that their disruption would have on the organization's ability to achieve its goals.

In the context of the scenario, the company is performing an analysis of the corporate enterprise network to identify mission-essential functions that could cause losses in revenue, referrals, and/or reputation when out of commission. This analysis is a key part of the BIA process, as it helps the company to prioritize its resources and develop strategies for ensuring the continuity of these critical functions.

The other options presented in the question are also important elements of BIA:

  • Single point of failure refers to any component of an IT system or infrastructure that, if it fails, will cause the entire system to fail. Identifying single points of failure is important in BIA because it helps organizations to mitigate the risk of system-wide disruptions.

  • Backup and restoration plans refer to the processes and procedures that an organization has in place for backing up critical data and restoring it in the event of a disruption. These plans are important in BIA because they help organizations to minimize the impact of disruptions and ensure the continuity of critical functions.

  • Identification of critical systems refers to the process of identifying the IT systems and infrastructure that are essential to the organization's mission and operations. This is another important element of BIA, as it helps organizations to focus their resources on the most critical components of their IT infrastructure.