Which of the following item would best help an organization to gain a common understanding of functions that are critical to its survival?
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A. B. C. D.D.
A Business Impact Analysis (BIA) is an assessment of an organization's business functions to develop an understanding of their criticality, recovery time objectives, and resources needed.
By going through a Business Impact Analysis, the organization will gain a common understanding of functions that are critical to its survival.
A risk assessment is an evaluation of the exposures present in an organization's external and internal environments.
A Business Assessment generally include Business Analysis as a discipline and it has heavy overlap with requirements analysis sometimes also called requirements engineering, but focuses on identifying the changes to an organization that are required for it to achieve strategic goals.
These changes include changes to strategies, structures, policies, processes, and information systems.
A disaster recovery plan is the comprehensive statement of consistent actions to be taken before, during and after a disruptive event that causes a significant loss of information systems resources.
Source: BARNES, James.
C.
& ROTHSTEIN, Philip J., A Guide to Business Continuity Planning, John Wiley & Sons, 2001 (page 57).
Out of the given options, the best item to help an organization gain a common understanding of functions that are critical to its survival is a Business Impact Analysis (BIA).
A Business Impact Analysis is a process that identifies and evaluates the potential effects of an interruption or failure of critical business processes, systems, and applications. It helps organizations to identify critical business functions and prioritize recovery efforts based on the impact to the organization.
A risk assessment is a process that identifies and analyzes potential threats and vulnerabilities to an organization's assets, but it does not necessarily identify critical business functions or prioritize recovery efforts.
A business assessment is a broader evaluation of an organization's strengths, weaknesses, opportunities, and threats, which may not necessarily focus on critical business functions.
A disaster recovery plan outlines the procedures and processes an organization should follow to recover from a disruptive event. While it may identify critical business functions, it does not provide a comprehensive understanding of them.
In conclusion, a Business Impact Analysis is the most suitable item to help an organization gain a common understanding of functions critical to its survival.