Business Impact Analysis

Client Need Summary:

A Business Impact Analysis (BIA) is a strategic review designed to assess the impacts associated with the loss of a critical business facility, resource or process, in the event of an unplanned outage or disaster. With a thorough BIA, it is possible for a corporation to fully evaluate the critical metrics unique to each process within the business. A BIA should be conducted to identify the organization's required recovery timeframe and required resources.

Approach:

The process of conducting a Business Impact Analysis will involve the following activities:

• Quantitative review of the existing business processes and technology environments.
• Determination of the critical components within each business process.
• Analysis of the fixed and variable costs and revenue of each business process.
• Consideration of risks to regulatory entities, competition, market share, market value, customer loyalty and reputation.
• Identification of critical staff within a business process.
• Establishment of Recovery Time Objectives (RTOs) for business processes, systems and data.
• Identification of the Recovery Point Objective (RPOs) for all systems and data.
• Recommendations to strengthen, enhance and/or improve resiliency strategy.

The Solution:

The completion of an annual Business Impact Analysis will provide a sound level of awareness to executive management on aspects of your business critical to your viability.