CA - FINAL
1342 Points
Joined March 2008
Risk assessment is the critical step in disaster and busines scontinutity planning. Risk assessment is necessary for developing a well tested contingency plan.. It is the analysis of threats to resources and the determination of amount of protection necessary to adequately safeguard the resources.
The areas to be focussed upon are:
a. Prioritization - All applications are inventoried and cirical ones are identified and its impact on organization is assessed when the diaster occurs
b. Identifyign ciritical applciations - Among the applciations being processed the ciritical applcaitons are identified and further which are more critical are identifiied
c. Assessing their impact on the organization - BCP should also concentrate on other organizational functions which may be affected if diaster occurs - It inclues legal liabilities, interruptions of customer services, possible losses, likelihood of fraud and recovery procedures
d. Determining recovery time frame
e. Assess insurance coverage
f. Identification of exposures and implications
g. Development of recovery plan