Business Impact Analysis - 1075 Words

Business Impact Analysis Name Course title Institution Instructor Date Business Impact Analysis This is an essential organization’s business component that composes of a continuance plan for the firm (Hiles, 2002). This plan includes planning components that aid in developing strategies for mitigating risks, and an exploratory component to indicate and identify any vulnerability. In this analysis account, the researcher is going to discuss and subsequently describe methods for establishing components priorities by determining components dependencies and reliance in both business continuity and disaster recovery. According to (Cardoza, 2006), in developing a business impact analysis, we always go through†¦show more content†¦Work Recovery Time (WRT) – this is the second phase of MTD, it happens mostly on the third day of MTD. Recovery Time Objectives (RTO) – this is the system recovery time, it is the available time to recover disrupted resources and systems. Recovery Point Objective (RPO) – this is the extent or amount of data loss that a critical business system can tolerate. The above are the recovery time framework that will assist in calculating the time and form through which a business will evolve before collapsing (Hiles, 2002). To do a business impact analysis, the element of component dependency arises. Components dependencies are the interdependency between the exploratory components and the planning components. With the planning component, the organization will dwell much on the minimizing and mitigating the risks that will lead to business disruption, while the exploratory component will dwell so much on discovering and identification of vulnerable areas within the business. Their dependency is as important as the two areas. For an organization to mitigate the risks, it should be aware of the areas that are more vulnerable to risks, and if an organization identifiers the risk then it will have to look for ways to reduce its occurrence or the impacts. Mostly the planning happens after the exploratory component (Cardoza, 2006). For the organizationShow MoreRelatedBusiness Impact Analysis of Russell Landing Marina Essay582 Words   |  3 PagesBusiness impact analysis is the process of systematically addressing all of the risks associated with a solution and identifying if it actually worked. Many formulas exist, designed to show what factors are included when compiling an analysis. The simple formula of multiplying threats by your asset and dividing that total by mitigating factors represents an impact analysis. Threats are those instances that cause an operational or financial strain on your organization. These occurrences are the causeRead MoreBusiness Impact Analysis1106 Words   |  5 PagesAbstract The purpose of this essay paper is to elaborate on the Business Impact Analysis (BIA), which is designed to assist management in determining which functions are critical to the continued operation of the organization. The organization that Team A selected is the City of Hollister Police Department. Team member Don Magnuson is currently a sworn Police Officer for the department and executes his duties with the dedication to protect and serve the communities in which he patrols. Team ARead MoreBusiness Impact Analysis Paper728 Words   |  3 PagesDatabases - Implement High Availability for Mission Critical Mission critical databases support services that have an immediate, direct, and significant impact on revenue, goodwill, health and safety, and regulatory compliance. They require more attention than other systems. I will be discussing the following topics in this paper 1. 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