iSACA Cybersecurity Fundamentals Certification Practice Exam

Which of the following is a key component of developing a Business Impact Analysis (BIA)?

1. Assessing the organization's financial records

2. Identifying business processes of strategic importance

3. Designing social media strategies

4. Creating a marketing plan for products

The correct answer is: Identifying business processes of strategic importance

Identifying business processes of strategic importance is a key component of developing a Business Impact Analysis (BIA) because the primary purpose of a BIA is to determine the potential effects of a disruption on an organization's operations, revenue, reputation, and overall viability. By identifying these critical business processes, organizations can assess which functions are vital to their success and continuity. This step allows decision-makers to prioritize resources and recovery efforts to ensure that the most essential services can be resumed quickly in the event of a disruption. Focusing on strategic business processes also helps in understanding dependencies between different functions and the potential cascade effects of disruptions. It provides a comprehensive understanding of how various elements of the organization interact, which is essential for informed planning and risk management. The other options do not directly address the core objectives of a BIA. For example, assessing financial records may provide useful information but does not focus specifically on the impact of business disruptions. Social media strategies and marketing plans, while important for overall business strategy, do not contribute directly to understanding the impacts of potential disruptions on key business functions. Therefore, the correct choice emphasizes the necessity of pinpointing vital processes for effective business continuity planning.