|
[description], Story, any other text you want to use.
Business Continuity and Disaster Recovery - Business Impact Analysis
by: Robert Mahood
Business impact analysis is a critical part of the business continuity planning process. This step quantifies data and gets into the real world issue of potential losses that can negatively impact your business. It is used to understand the most important impacts and how to best protect your people, processes, data, communications, assets and the organization's goodwill and reputation.
Organizations often think in terms of disaster recovery. Business continuity and the business impact analysis is more focused on keeping the business up and running and less focused on recovery after a disaster. The business impact analysis also is not focused only on the potential disasters, but on all potentially critical discontinuities. Key elements of the Business Impact Analysis are to identify critical business functions, establish the maximum acceptable outage time for each of these functions and then to determine the impact of not performing those functions. This can be measured against regulatory, legal, financial, operations or customer service requirements.
Once the adequacy of security and controls is evaluated and critical business functions and outage times are defined, the business continuity planner needs to develop an understanding of the probability of threats factored by the severity or impact and to start to develop a cost benefit analysis of the largest impact and highest probability threats.
It's virtually impossible to create an absolute value and prioritization of threats and impacts. Generally, a relational system is used to drive out the key priorities. Often, each threat is evaluated according to its probability and assigned a 1, 5 or 10 rating. Then, each threat is evaluated according to its impact on critical business functions and on the business overall. For example, a discontinuity in a critical business function of less than one hour might receive a value of 0. A discontinuity of one to eight hours might be ranked a 1, eight to twenty four hours might be ranked a 2 and over 24 hours might be ranked a 3. Obviously, these rankings need to be developed on a company specific basis. Probability factored by impact creates the relational prioritization list.
This approach to risk evaluation and control allows management to start to quantify the risks and potential impacts on the organization in a thoughtful and analytical way. This results not only in higher quality decisions, but also provides an audit trail that demonstrates that management is paying attention to its risk management responsibilities. These responsibilities might be established by regulatory or legal bodies, demanded as a contractual commitment by customers or simply expected by shareholders as sound and prudent management. The key corporate goals are to protect people, protect assets, protect data and to protect the brand and reputation of the organization.
Bob Mahood
Midwest Data Recovery Inc.
www.midwestdatarecovery.com
bmahood@midwestdatarecovery.com
312 907 2100 or 866 786 2595
streaming video chat
We assume that your interest in streaming video chat has brought you to this site. We also assume that you are shopping for streaming video chat online because you'll be able to buy product at a cheaper rate than via a Department Store. Your assumptions are correct so please closely examine the link below.
One way to determine if the numbers add up is to check the prices of streaming video chat at your local store. Let's assume that you live in New Zealand and are accustomed to buying streaming video chat locally. You may find that United States prices are quite amazing even after the normal currency conversions. You've now entered the world of International streaming video chat E-Commerce.
Broadcast On the Net Index
|
Main Menu
Broadcast On the Net
Site Map
Affiliate Ads, Links, news, etc.
News for 21-Jul-24 Source: BBC News - Home Libya Malta hijack: Hijackers arrested as drama ends peacefully Source: BBC News - Home Israel settlements: Netanyahu snubs 'shameful' UN vote Source: BBC News - Home Your pictures: Best of 2016 Source: BBC News - Home Sri Lankan court acquits five men in Tamil MP murder trial Source: BBC News - Home US issues Jordan travel warning after deadly attacks Source: BBC News - Home Wedding gift alpaca has 'surprise' baby Source: BBC News - Home Syrian girl with severe burns gets life-changing surgery Source: BBC News - Home Allan Little: The year the world changed Source: BBC News - Home Steam baths and brandy Source: BBC News - Home Trump official Paladino under fire over crude Obama remarks
Links
Links
Links
|