A business impact analysis (BIA) is the process of determining the criticality of business activities and associated resource requirements to ensure operational resilience and continuity of operations during and after a business disruption.
Four key purposes of the BIA
- Obtain an understanding the organization's most critical service
- Inform business leaders on maximum tolerable period of disruption for each service
- Provide the resource information from which an appropriate recovery strategy can be determined
- Identify dependencies that exist both internally and externally
Getting data: Questioner, Interviews, workshops, Documents and research
Reaching maturity.
Impact determination.
• Financial impact: loss of revenue, higher operating cost, potential/legal contractual penalities.
• Client and supplier may be lost
• Employee staff loss.
• Reputational damage
• Legal/contractual/obligatory
Understanding the impact
- Mission Critical
- Business Critical
- Business Core
- Business Supporting
It helps determine Maximum Tolerable period of disruption (MTPD) and Minimum Business Continuity Objective (MBCO)
7 Key BIA Output
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