Business Impact Analysis Overview

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.

Business impact analysis overview. An example of our business impact analysis tool is shown below. The difference between the two as already concluded bia is usually used only in business continuity iso 22301 implementation. The intent of the business impact analysis bia was to help our organization identify which business units operations and processes are crucial to the survival of the business.

Operations may also be interrupted by the failure of a supplier of goods or services or delayed deliveries. Business impact analysis is like risk assessment and the two are often discussed together. A business impact analysis is a great tool to assess risk and set up a plan of recovery if and when it occurs.

It could be done for information security but it wouldn t make much sense. With our tool you can be completely confident that your bia is an accurate assessment of your company s most critical processes. A business impact analysis bia predicts the consequences of disruption of a business function and process and gathers information needed to develop recovery strategies.

While it s easy to confuse the two remember that a bia emphasizes business continuity requirements resource dependencies and justifying the identified business requirements by showing how downtime will impact the organization. That sounds like a project. Potential loss scenarios should be identified during a risk assessment.

Overview to business impact analysis bia is a systematic process that may help to business for making a strategic planning for identify critical interruptions to critical business operations. It may also estimate the measure and figure out the of consequences of any specific potential loss. The business impact analysis report typically includes an executive summary information on the methodology for data gathering and analysis detailed findings on the various business units and functional areas charts and diagrams to illustrate potential losses and recommendations for recovery.