Assessing the pros and cons of pursuing a part icular course of action. [D00804] WST The mathematical examination of the nature of individual risks on the project, as well as potential structure s of interdependent risks. It includes the quantification of their respective impact severity, probability and sensitivity to change s in related project variables including the project life cycle. To be complete, the analysis should also include an examination of the external " status quo" prior to project implementation as well as the project's internal intrinsic worth as a reference baseline determination should also be made as to whether all risks identified are within the scope of the project's risk response planning process. [D00805] PMK87 The process of assessing the ramifications of pursuing a part icular course of action - typically a change to the existing system. [D03857] PNG
an analysis of the impact of a proposed change to a part to the sub-assemblies, assemblies, products and storage areas that are affected by the part. An impact analysis results in a bill of materials of all of the resources affected by the proposed change. This listing can then be used for project planning, estimating and scheduling purposes. In this way, it is used for "what if" analysis purposes. In IRM terms, an impact analysis results in a bill of materials of information resources affected by the change to one resource. (See Bill Of Materials Processing).
The second stage of life cycle assessment, in which the environmental impacts of a process, product, or facility are determined.
As part of an Information Security Risk Assessment, you should identify the threats to your Business Assets and the impact such threats could have, if the threat resulted in a genuine incident. Such analysis should quantify the value of the Business Assets being protected to decide on the appropriate level of safeguards.
Analysis of your information technology portfolio to determine the scope of exposure to date problems and the cost of necessary Year 2000 conversion of your applications.
assessing the merits of pursuing a particular course of action.
Impact Analysis is the term given to the process of assessing the ramifications of pursuing a particular course of action - typically a change to the existing system.
The identification of critical business processes, and the potential damage or loss that may be caused to the organization resulting from a disruption to those processes. Business impact analysis identifies: the form the loss or damage will take how that degree of damage or loss is likely to escalate with time following an incident the minimum staffing, facilities and services needed to enable business processes to continue to operate at a minimum acceptable level the time within which they should be recovered The time within which full recovery of the business processes is to be achieved is also identified.
A quantitative research method in which a study is conducted into the effects that an error or change implementation may have on the other parts of the configuration and the subsequent consequences for the service level, taking into account the risks of such an error or change implementation and the potential severity.
The process of understanding the complete effect of a particular change.
Analysis of the relative harm or damage to a project if a risk becomes a problem, usually expressed either as a dollar amount or on a scale from 1 to 10.