ESSAY : Internal and External Analysis

In addition, during business impact analysis, data and information are collected from each business unit in the organization to determine what standards or regulations must be upheld in an emergency situation. The analysis describes and prioritizes the tasks within each unit, and identifies the resources necessary to perform the critical tasks (without which essential business processes cannot proceed). These tasks are usually evaluated on the basis of the recovery time objective — the time goal for re-establishing and recovering the business functions and resources. The recovery time objective should be prioritized and take into account any inter-dependencies between processes and functions as well as any possible economies of scale. All processes and functions within a business unit or department may not have the same recovery time objective. For example, although it might be necessary to recover telephone technical support of the customer service department within minutes of interruption, other functions within the department (e.g., development work) could be delayed significantly longer without impacting the organization\’s effectiveness. Although it might be possible to recover many or all of the processes or functions in the organization quickly, in most cases this would also entail excessive expense. A properly conducted business impact analysis can help cut down on unnecessary expenses during the recovery period (Hudson, 2000).

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Reference

Hudson, R. (2000). Business continuation demands planning. Business Insurance, 34(25), 17-18. Retrieved December 11, 2020, from EBSCO Online Database Business Source Complete. http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=3571817&site=bsi-liveSa

SAMPLE SOLUTION

Internal and External Analysis
A Business Impact Analysis (BIA) refers to a process that allows the identification of critical business functions. BIA also predicts the implications that a disruption of one of the functions will eventually have. Besides, BIA allows gathering of information required to develop the recovery strategies and reduce the possible loss. To achieve these objectives, Dr. Shane Howell’s idea holds since business functions can be attained better when the tasks of every unit/ department are prioritized. Furthermore, the tasks can be attained better when there are significant resources allocated to perform every task. Without such resources, the business may not achieve the set objectives both in the short run and in the long run.
Dr. Shane’s explanation of the role of the recovery time objective is also true and holds for every business. It is important that the recovery time period is treated as a priority. The recovery time defines the time it takes to get the operations of the business…