Deck 5: Business Impact Analysis

Question 1

The results of the Business Impact Analysis should on a limited basis be made available to interested third parties.

Answer 1

True

Question 2

Which target must be met first in a recovery situation?

A) RPO
B) RTO
C) MAO
D) MTD

Answer 2

A

Question 3

The analysts should not ask interviewees about their experiences from prior disasters.

Answer 3

False

Question 4

Operational loss impacts are rated on a scale of 1-10.

Question 5

What organizational department may be the first to recognize the effects of a pandemic influenza?

A) Facilities
B) Operations
C) Payroll
D) Human Resources

Question 6

The Business Impact Analysis can identify inefficiencies in the operation of the organization.

Question 7

What does one or more of the standards require?

A) Need to account for the wellbeing of all employees after a disaster even if the disaster occurs during non-working hours
B) Develop a strategy to provide housing and feeding to employees and potentially family members affected by the disaster
C) Strategies based on the results of the Business Impact Analysis
D) All of the above

Question 8

What is not an attribute of the Business Impact Analysis?

A) Contributes to the understanding of the organization
B) Analyses risk to critical business functions
C) Helps to set escalation levels
D) Fosters awareness of the Business Continuity Management System

Question 9

The Business Impact Analysis is applied only to those critical functions within the scope of the Business Continuity Management System.

Question 10

Strategies for continuity of functions that have a short RTO are generally:

A) More expensive
B) Less effective
C) Less expensive
D) Have little effect on the expense of implementation

Question 11

Who can be used to establish the RTO:

A) Functional leader
B) Top Management
C) Steering Committee
D) All of the above

Question 12

The point to which data is recovered is the:

A) RPO
B) RTO
C) MAO
D) MTD

Question 13

Operational impacts are not as important as financial impacts.

Question 14

What should the analyst watch for that may be out of scope:

A) Supply Chain issues
B) Upstream and downstream dependencies
C) Resource requirements
D) MTD

Question 15

What is often combined with the Business Impact Report?

A) Corrective actions to fix gaps identified in the process
B) Risk Assessment report
C) Description of the Business Impact Analysis process
D) All of the above

Question 16

Insurance or anticipated claims reimbursement:

A) Are not included in the impact calculations
B) Are used to adjust the final financial figures
C) Can be included as operational impacts
D) Have little effect on the expense of implementation

Question 17

The RPO is independent of the RTO.

Question 18

The Business Impact Analysis can help to determine the legal and contractual requirements of the organization.

Question 19

Questions about mitigation and emergency response are inappropriate during the Business Impact Analysis.

Question 20

The cause of loss is an important element of the Business Impact Analysis.

Question 21

Why is the Business Impact Analysis a crucial element of the Business Continuity Management System?

Question 22

Describe how Business Impact Analysis data is analyzed.

Question 23

What problem or problems may be encountered when conducting the Business Impact Analysis with the following functions: Accounts Payable, Accounts Receivable, Cost Accounting, Order Entry, Accounting Management, and Payroll?

Question 24

Describe the methods that can be used to collect Business Impact Analysis data.

Question 25

List at least 10 items that might qualify as a business continuity related regulatory or contractual requirement.