Business Impact Analysis Weighted Matrix

Version 1 0 mm dd yyyy version history provide information on how the development and distribution of the business impact analysis was controlled and tracked.

Business impact analysis weighted matrix. Also make sure all the relevant criteria are taken into consideration before making a decision. If you d like to create your own weighted decision matrix then you can download a template here to help you to get started. A weighted decision matrix provides a means to overcome this drawback.

The next step in the planning process is to perform a business impact analysis bia. The bia quantifies the impacts of disruptions on service delivery risks to service delivery and. The weighted decision matrix helps you to plan and to communicate your decisions.

This is the process that will. Potential loss scenarios should be identified during a risk assessment. Business impact analysis and risk assessment are two important steps in a business continuity plan.

Use the table below to provide the version number the author implementing the version the date of the version the name of the person approving the. You then score each option factor combination weight this score by the relative importance of the factor and add these scores up to give an overall score for each option. Decision matrix analysis works by getting you to list your options as rows on a table and the factors you need consider as columns.

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. The bia focuses on the effects or consequences of the interruption to critical business functions and attempts to quantify the financial and non financial costs associated with a disaster. The steps to create a weighted decision matrix are shown below along with an example from the business world.

A business impact analysis bia predicts the consequences of disruption of a business function and process and gathers information needed to develop recovery strategies. The airfocus scoring board allows you to combine different value types such as currencies or project hours. A bia often takes place prior to a risk assessment.