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Which of the following is MOST appropriate method to evaluate the potential impact of legal, regulatory, and contractual requirements on business objectives?

Which of the following is MOST appropriate method to evaluate the potential impact of legal, regulatory, and contractual requirements on business objectives?
A . Communication with business process stakeholders
B . Compliance-oriented business impact analysis
C . Compliance-oriented gap analysis
D . Mapping of compliance requirements to policies and procedures

Answer: B

Explanation:

A compliance-oriented BIA will identify all the compliance requirements to which the enterprise has to align and their impacts on business objectives and activities. It is a discovery process meant to uncover the inner workings of any process. Hence it will also evaluate the potential impact of legal, regulatory, and contractual requirements on business objectives.

Incorrect Answers:

A: Communication with business process stakeholders is done so as to identify the business objectives, but it does not help in identifying impacts.

C: Compliance-oriented gap analysis will only identify the gaps in compliance to current requirements and will not identify impacts to business objectives.

D: Mapping of compliance requirements to policies and procedures will identify only the way the compliance is achieved but not the business impact.

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