Enhancing Business Impact Analysis and Risk Assessment Applying a Risk-Aware Business Process Modeling and Simulation Methodology
2012 Seventh International Conference on Availability, Reliability and Security (2008)
Mar. 4, 2008 to Mar. 7, 2008
DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/ARES.2008.206
Driven by the steadily growing number of natural disasters, the threat of terrorist and other criminal attacks as well as changed legislation and regulations, companies are increasingly forced to prepare against threats that endanger the survivability of crucial business activities. As a consequence, management has to pay more attention to business continuity issues including serious management commitment and more appropriate funding. Business impact analysis and risk assessment concepts enable adequate business continuity planning as they deliver essential information about the impact of resources' disruption on business. In this paper we present how these concepts can be enhanced through the application of the ROPE (Risk-Oriented Process Evaluation) methodology enabling risk-aware business process management and simulation. Moreover, we present essential extensions of the ROPE simulation capabilities leading to a more efficient and effective business continuity planning.
Risk analysis, Risk management, Analytical models, Business continuity, Disaster management, Cost benefit analysis, Failure analysis, Security, Terrorism, Companies, risk assessment, risk-aware business process simulation, business continuity planning, business impact analysis
"Enhancing Business Impact Analysis and Risk Assessment Applying a Risk-Aware Business Process Modeling and Simulation Methodology", 2012 Seventh International Conference on Availability, Reliability and Security, vol. 00, no. , pp. 179-186, 2008, doi:10.1109/ARES.2008.206