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Business Impact Analysis (BIA)

What is Business Impact Analysis (BIA)

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Business Impact Analysis is a mandatory building block in any Business Continuity Management program. BIAs are developed in order to identify the department's business functions / services that when lost or interrupted would have an impact on the organization.

 

The BIA will determine the impact of any disruption to these functions and the timescale after an incident whereby the impact exceeds an acceptable level, the consequences being the possibility of irreparable damage if the recovery and delivery of the service/product is not restarted by.

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Reasons to conduct a Business Impact Analysis

 

BIAs helps your business prepare for reducing the interruption impact and improve recovery with proper mitigation actions that protect your business’ activities. The BIA will assist your organization in building mitigation actions to reduce the impacts on these activities and allow recovery to commence within a shorter and more acceptable timescale.

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By conducting a thorough BIA, we are able to use data to develop additional contingency plans for your systems, including the Disaster/Technology Recovery Plan (DRP/TRP), Business Continuity Plans (BCPs), and support cybersecurity incident response plan (aka cybersecurity playbook).

Work with an industry leading trusted advisor to turn the benefits of a BIA into a resiliency strategy

 

Our BIA will help your organization:

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  • Identify key processes / services, and how their interruption would impact your business

  • Define criticality criteria

  • Define processes and services criticality: Maximum Acceptable Outage (MAO), Recovery Time Objective (RTO) and Recovery Point Objective (RPO)

  • Identify resource requirements to resume business activity

  • Identify recovery priorities for system resources

  • Make sure the BIA outcome takes into account interdependencies

  • Consolidate the BIA recovery objectives into manageable RTO and RPO recovery tiers

  • Share industry experience and good practices

  • Mapping to IT

Other resiliency services that may interest you 
Business Continuity Management Risk Assessment 

Analyze your business’s ability to meet corporate business continuity requirements

Business Continuity Management Program (Roadmap)

Plan your business's continuity of operations in case of unplanned  outages or interruptions

Business Continuity Plan Development

Plan your business's continuity of operations in case of unplanned  outages or interruptions

Business Continuity Management Governance Framework

Maintain your business continuity management program operational & effective at all times

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