Valuating criteria through formula for BIA
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Hello, I would like to know the following: can you explain the obtaining of the values of the different criteria: Financial, regulatory, at. customer, through a formula.
This must be considered under context of ISO 22301
I'm assuming you are referring to valuation of these criteria in the Business Impact Analysis.
Considering that, there is no definitive formula to value them, because each organization context may consider different variables. For example:
- Financial: cost of raw materials + cost of final products + cost of equipment, etc.
- Regulatory: fines + lawyers cost + costs of court proceedings, etc.
- Customers: contractual fines + loss of revenue, etc.
For further information, please read:
- How to implement business impact analysis (B IA) according to ISO 22301 https://advisera.com/27001academy/knowledgebase/how-to-implement-business-impact-analysis-bia-according-to-iso-22301/
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Sep 15, 2019