From the course: CompTIA Security+ (SY0-701) Cert Prep

Unlock the full course today

Join today to access over 24,800 courses taught by industry experts.

Business impact analysis

Business impact analysis

From the course: CompTIA Security+ (SY0-701) Cert Prep

Start my 1-month free trial Buy for my team

Business impact analysis

“

- [Instructor] Organizations planning a move to the cloud should conduct a cost-benefit analysis to assist with their decision. A cost-benefit analysis lists all of the benefits associated with the decision alongside of their corresponding costs. In its most basic form, a cost-benefit analysis might be strictly quantitative, simply adding up the financial benefits of a change and subtracting the associated costs to determine whether a decision will be profitable or not. Organizations planning a small cloud move may perform a simple cost analysis that compares only the direct costs of each option. For example, if building a website on premises would require $15,000 worth of equipment, and that equipment has a five year lifecycle, the expected cost of operating the website is approximately $3,000 a year. If the cloud costs associated with running the same website are lower, then the decision makes financial sense. As organizations scale their cloud ambitions, the financial analysis…

Contents