Week 4 Lab
1 What is the goal and purpose of a BIA?
To identify the impact of outages. More specifically, the goal is to identify the critical functions that can affect the organization.
2 Why is a business impact analysis (BIA) an important first step in defining a business continuity plan (BCP)?
The first step towards creating a serious BCP is to identify the potential disasters one by one and determining what the potential impact might be on your business. In order to generate a professional and sound BCP, you have to understand the degree of the potential loss, which could occur.
3 How do risk management and risk assessment relate to a business impact analysis for an IT infrastructure?
Risk assessment and business impact analysis (BIA) are crucial steps in the development of a disaster recovery plan. But, we need to create a disaster recovery risk assessment and business impact assessment in the overall planning process.
4 True or False - If the Recovery Point Objective (RPO) metric does not equal the Recovery Time Objective (RTO), you may potentially lose data or not have data backed-up to recover. This represents a gap in potential lost or unrecoverable data.
True
5 What questions would you have for executive management prior to finalizing a BIA report?
Is the BIA going to help the company develop the DRP? How often will we review the information, and who will be paid during interptions.
6 How does a BCP help mitigate risk?
It shows the companies vulnerabilities, and helps create a BCP.
7 What kind of risk does a BCP help mitigate?
A BCP can help mitigate any kind of risk that has been identified through the process.
8 If you have business liability insurance, asset replacement insurance, and natural disaster insurance, do you still need a BCP or DRP? Why or why not?
Yes you still need a BCP or DRP because insurance will not cover everything. In addition, insurance typically just pays to replace equipment it doesnt actually do anything
To identify the impact of outages. More specifically, the goal is to identify the critical functions that can affect the organization.
2 Why is a business impact analysis (BIA) an important first step in defining a business continuity plan (BCP)?
The first step towards creating a serious BCP is to identify the potential disasters one by one and determining what the potential impact might be on your business. In order to generate a professional and sound BCP, you have to understand the degree of the potential loss, which could occur.
3 How do risk management and risk assessment relate to a business impact analysis for an IT infrastructure?
Risk assessment and business impact analysis (BIA) are crucial steps in the development of a disaster recovery plan. But, we need to create a disaster recovery risk assessment and business impact assessment in the overall planning process.
4 True or False - If the Recovery Point Objective (RPO) metric does not equal the Recovery Time Objective (RTO), you may potentially lose data or not have data backed-up to recover. This represents a gap in potential lost or unrecoverable data.
True
5 What questions would you have for executive management prior to finalizing a BIA report?
Is the BIA going to help the company develop the DRP? How often will we review the information, and who will be paid during interptions.
6 How does a BCP help mitigate risk?
It shows the companies vulnerabilities, and helps create a BCP.
7 What kind of risk does a BCP help mitigate?
A BCP can help mitigate any kind of risk that has been identified through the process.
8 If you have business liability insurance, asset replacement insurance, and natural disaster insurance, do you still need a BCP or DRP? Why or why not?
Yes you still need a BCP or DRP because insurance will not cover everything. In addition, insurance typically just pays to replace equipment it doesnt actually do anything