Business Impact Analysis Components

Delayed deliveries or failure of a supplier of products or services can interrupt operations.

Business impact analysis components. The blueprint breaks down the steps required to conduct a bia for your business. Business impact analysis is the process of figuring out which processes are critical to the company s ongoing success and understanding the impact of a disruption to those processes. Potential loss scenarios should be identified during a risk assessment.

This template is designed to assist the business owners in performing a business impact analysis bia on their business functions and supporting resources. Measure the impacts and define the system point. Through a detailed analysis the length and severity of specific impacts and their subsequent damage to the business can be reduced allowing for a smoother transition to business as usual.

It helps to collect information required for developing recovery strategies. Identify the specific interruptions impacts to critical business operations. A business impact analysis bia helps a company determine its risk tolerance and disaster recovery plans.

Various criteria are used including customer service internal operations legal or regulatory. Key business impact analysis components are. The template is a basic guide and may be modified as required to accommodate the specific functions and resources as long as the prescribed information collection and analyses are completed.

The process of a business impact analysis bia in conjunction with a business continuity plan allows for targeted recovery strategies to be developed in the event of an emergency. A bia is an essential component of an organization s business continuance plan. Operations may also be interrupted by the failure of a supplier of goods or services or delayed deliveries.

Simply put a business impact analysis predicts the impact of disruption of a function and business process. A business impact analysis bia predicts the consequences of disruption of a business function and process and gathers information needed to develop recovery strategies. Business impact analysis bia is a systematic process to determine and evaluate the potential effects of an interruption to critical business operations as a result of a disaster accident or emergency.