BCI Business Impact Analysis 2

Question 1

What is the first step in conducting a Business Impact Analysis?

Accepted Answer

Identifying and prioritizing critical business activities

Answer

Documenting recovery strategies and procedures

Answer

Developing recovery time objectives for all systems

Answer

Assessing the financial impacts of each disruption scenario

Question 2

Which type of impact is NOT typically assessed in a Business Impact Analysis?

Accepted Answer

Employee satisfaction scores

Answer

Financial impact from lost revenue

Answer

Reputational impact with customers

Answer

Regulatory and legal compliance impact

Question 3

What information-gathering technique is most commonly used when conducting a Business Impact Analysis?

Accepted Answer

Questionnaires and structured interviews with process owners

Answer

Focus groups with external stakeholders

Answer

External benchmarking against industry peers

Answer

Financial audits of historical records

Question 4

How should business activities be categorized during a BIA?

Accepted Answer

By criticality and time-sensitivity

Answer

By department budget size

Answer

By number of employees involved

Answer

By geographic location of the function

Question 5

What does a 'recovery timeline' in a BIA document represent?

Accepted Answer

The sequence and schedule for restoring business functions after a disruption

Answer

The historical record of past incidents and their durations

Answer

Employee work schedules maintained during normal operations

Answer

IT system maintenance windows for planned downtime

Question 6

When should a Business Impact Analysis be reviewed and updated?

Accepted Answer

Periodically and following significant organizational changes

Answer

Only after a major disaster has occurred

Answer

Every five years as part of routine planning cycles

Answer

Only when new IT systems are implemented

Question 7

What is a 'workaround' in the context of business continuity and BIA?

Accepted Answer

A temporary measure to maintain business functions when normal resources are unavailable

Answer

A permanent solution implemented to prevent a recurring problem

Answer

An IT patch applied during scheduled system maintenance

Answer

A financial instrument used to hedge against business risks