Question

Transaction Processing Systems (TPSs)

Be able to list and explain the changeover strategies

Business Continuity Plan (BCP)

Explain four backup approaches

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Please type it in words so I can understand it and copy it.

Thank you so much!!

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Answer 1

A transaction process system and transaction processing are often contrasted with a batch process system and batch processing, where many requests are all executed at one time. The former requires the interaction of a user, whereas batch processing does not require user involvement.TPS can be enablers of major process innovations. Redesigned business processes, supported by TPS, cut through functional business lines and can ensure rapid and high-quality customer service. Strategic TPSs may become a source of competitive advantage or competitive parity by focusing on the internal or customer oriented processes.

Some of the types of information systems based on these capabilities which can be exploited for competitive effect include:

1. Tracking systems - management reporting systems that continuously track the status of a project or a product under development.

2. Locational systems - TPS that monitor the geographic location of materials or vehicles.

3. Asset management systems - TPS and MRS that maintain and report on-line the status of financial inventory, and human resources assets.

Business continuity planning (BCP) is the process involved in creating a system of prevention and recovery from potential threats to a company. The plan ensures that personnel and assets are protected and are able to function quickly in the event of a disaster. The BCP is generally conceived in advance and involves input from key stakeholders and personnel.

Once the risks are identified, the plan should also include:

• Determining how those risks will affect operations
• Implementing safeguards and procedures to mitigate the risks
• Testing procedures to ensure they work
• Reviewing the process to make sure that it is up to date

Business continuity (BC) and disaster recovery (DR) are closely related practices that support an organization's ability to remain operational after an adverse event.

The goal of BC/DR is to limit risk and get an organization running as close to normal as possible after an unexpected interruption. As cyber threats increase and the tolerance for downtime decreases, business continuity and disaster recovery gain importance. BCDR professionals can help an organization and its employees achieve resiliency. Developing a strategy is a complex process that requires research, including conducting a business impact analysis (BIA) and risk analysis, as well as developing BCDR plans, tests, exercises and training.

Importance of BCDR

As cyberthreats increase and the tolerance for downtime decreases, business continuity and disaster recovery gain importance. These practices enable an organization to get back on its feet after problems occur, reduce the risk of data loss and reputational harm, and improve operations while decreasing the chance of emergencies.