Question: A. Business Continuity Planning (BCP) is the process of creating a system of prevention and recovery from potential threats to a company. The plan ensures that personnel and assets are protected and can function quickly in the event of a disaster. In that regard, illustrate theimportance of having a Business Continuity Plan. Also, explain the downsides of not having one, as well.
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
Question:
A. Business Continuity Planning (BCP) is the process of creating a system of prevention and recovery from potential threats to a company. The plan ensures that personnel and assets are protected and can function quickly in the event of a disaster. In that regard, illustrate theimportance of having a Business Continuity Plan. Also, explain the downsides of not having one, as well.
B. In prevention and recovery from potential threats to the IT of a company, the same will be known as Disaster Recovery Plan (DRP). DRP is a formal document created by an organization that contains detailed instructions on how to respond to unplanned incidents such as natural disasters, Human-made disasters, and system failures. It contains strategies on minimizing the effects of a disaster on the information technology (IT) of an organization to continue to operate or quickly resume key operations. As an IS auditor conducting an audit of DRP, identify and explain the following procedures that must be observed.
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