Step 4: Determine the value of p, which is the distance from the vertex to the focus or directrix. From the equation, 4p = 8, so p = 2. Since the parabola opens to the right, the focus is located at (h+p, k), which is (-1+2, 2) = (1, 2). The directrix is a vertical line given by x = h-p, which is x = -1-2 = -3.