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A practical approach to assessing critical continuity properties of assets in business & IT continuity management

Claßen, P. (2022) A practical approach to assessing critical continuity properties of assets in business & IT continuity management.

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Abstract:In modern days, companies rely heavily on IT systems to support their business. The importance of and dependency on these systems makes it crucial for organisations to operate effectively without unreasonable interruptions. However, it is impossible to mitigate all disasters, and it becomes the question of not if but when a disaster will happen. This requires that the organisation clearly understands the impact of a disruption on their organisation and has continuity plans in place to mitigate the effects as fast as possible. To support this assessment, this design science study presents a list of assessment criteria to better quantify the impact of disruptions in an organisation, namely: financial impact, operational impact, third-party impact, regulatory impact and reputational impact. Using two demonstrations to illustrate how this method in combination with the criteria can be applied and what information can be gained from it. An evaluation with relevant stakeholders indicated that the additional criteria have great potential in quantifying the impact of disruptions and allowing for better investment decisions into continuity management.
Item Type:Essay (Master)
Clients:
Thales
Faculty:EEMCS: Electrical Engineering, Mathematics and Computer Science
Subject:54 computer science
Programme:Business Information Technology MSc (60025)
Link to this item:https://purl.utwente.nl/essays/90508
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