Which of the following help in estimating and totaling up the equivalent money value of the benefits and costs…?

Which of the following help in estimating and totaling up the equivalent money value of the
benefits and costs to the community of projects for establishing whether they are worthwhile?
Each correct answer represents a complete solution. Choose all that apply.

A.
Business Continuity Planning

B.
Benefit-Cost Analysis

C.
Disaster recovery

D.
Cost-benefit analysis

Explanation:

Cost-benefit analysis is a process by which business decisions are analyzed. It is used to estimate
and total up the equivalent money value of the benefits and costs to the community of projects for
establishing whether they are worthwhile. It is a term that refers both to:
helping to appraise, or assess, the case for a project, program, or policy proposal;
an approach to making economic decisions of any kind. Under both definitions, the process
involves, whether explicitly or implicitly, weighing the total expected costs against the total
expected benefits of one or more actions in order to choose the best or most profitable option. The
formal process is often referred to as either CBA (Cost-Benefit Analysis) or BCA (Benefit-Cost
Analysis).
Answer option A is incorrect. Business Continuity Planning (BCP) is the creation and validation of
a practiced logistical plan that defines how an organization will recover and restore partially or
completely interrupted critical (urgent) functions within a predetermined time after a disaster or
extended disruption. The logistical plan is called a Business Continuity Plan.
Answer option C is incorrect. Disaster recovery is the process, policies, and procedures related to
preparing for recovery or continuation of technology infrastructure critical to an organization after a

natural or human-induced disaster. Disaster recovery planning is a subset of a larger process
known as business continuity planning and should include planning for resumption of applications,
data, hardware, communications (such as networking) and other IT infrastructure. A business
continuity plan (BCP) includes planning for non-IT related aspects such as key personnel,
facilities, crisis communication and reputation protection, and should refer to the disaster recovery
plan (DRP) for IT related infrastructure recovery / continuity.