Business Impact Analysis

Topics: Business continuity planning, Management, Application software Pages: 2 (444 words) Published: January 27, 2013
The Business Impact Analysis is one of the most important steps in the overall Business Continuity Planning process. The data gatherer is critical in identifying key business issues and justifying the resources needed. The Business Impact Analysis determines the financial exposures and operational impacts resulting from a major disruption of services. It will provide your organization with: •The identity of its time-sensitive business operations and services •An analysis of the organization’s financial exposures and operational impacts •The time-frames in which time-sensitive operations, processes and functions must resume •An estimate of the resources necessary for successful resumption, recovery and restoration. In addition to a Business Impact Analysis, it is important to conduct a facility/structural vulnerability analysis. The Business Impact Analysis will provide the rationale and cost justification for risk mitigation and response, resumption, recovery and restoration-related decisions. Gather Business Impact Analysis Data

Business Impact Analysis questionnaires should be tracked against the recipient list. Follow up with any individuals who are overdue in returning their responses. If the organization is large or complex, evaluate automating this process as much as possible. Some Business Impact Analysis software automatically tracks questionnaires sent out and received. Review Initial Business Impact Analysis Results

Review initial BIA questionnaire data for completeness and consistency; request additional information as necessary. The initial review of returned survey data would allow the project manager to uncover any area of ambiguity in questions asked or answers given. Conduct Business Impact Analysis Interviews

Every major business operation should be evaluated using the BIA approach. Each line manager must be aware of the length of time that a particular service, business operation or application system may not be available,...
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