Assignment: Business Impact Analysis
In order for an organization to develop an effective business continuity plan or disaster recovery plan, it must know what information assets it has, their impact on business operations, and the criticality and priorities associated with the information systems and assets. The primary objective of a business impact analysis (BIA) is to identify the assets that are required for continued business operations in the event of an incident or disaster. Thus, a critical step in the development of an effective BIA includes establishing component priorities and determining component reliance and dependencies. Additionally, organizational personnel must know their responsibilities during recovery efforts.
Write a three to five page paper in which you:
1. Describe the methods for establishing component priorities, including:
a. Business functions and processesb. BIA scenarios and componentsc. Financial and service impact of components not being availabled. Recovery time frameworks
2. Describe the methods for determining component reliance and dependencies, including:
a. Component dependenciesb. Resources required to recover component in the event of failurec. Human assets needed to recover components
3. Provide recommendations for the development of the BIA, management and other personnel responsibilities, and educating company personnel that would be involved in the recovery efforts.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.