Preheat the oven to 425 degrees F (220 degrees C) and line a rimmed baking sheet with parchment paper.

Add flour, grated Cheddar, parsley, baking powder, garlic powder, and salt to a bowl and mix to combine. Add milk and shortening. Use a fork or pastry cutter to cut shortening into dry ingredients until combined.

Turn dough onto a cutting board and form into an 8-inch square. Cut into 4 pieces, then transfer to prepared baking sheet.

Bake in the preheated oven until biscuits are golden brown, 15 to 20 minutes.

Meanwhile, fry bacon in a nonstick skillet over medium-high heat until crisp, turning occasionally, about 5 minutes. Drain bacon on a plate lined with paper towels; drain any excess grease from the skillet.

Add olive oil to the skillet and fry or scramble eggs to your taste.