Business Impact Analysis
Business Impact Analysis and Continuity Requirements Analysis
Our Business Impact Analysis and Continuity Requirement Analysis will help you establish which components of your business are critical for the survival of your company.
The Business Impact Analysis (BIA) is the foundation on which the whole BCM process is built. It identifies, quantifies and qualifies the business impacts of a loss, interruption or disruption of business activities on an organization and provides the data from which appropriate continuity strategies can be determined.
The BIA documents the impacts over time that would result from a business interruption, and identifies both the urgency of product and service delivery and the activities which enable that delivery. This allows mitigation measures to be targeted at the most urgent activities within the organization thus improving the likely return on investment and minimal impact during disruption.
ContinuitySA’s BIA includes a Continuity Requirements Analysis (CRA) which collects information on the resources required to resume and continue the critical business processes to support the organization’s products and/or services. This step is undertaken at the same time as the BIA information is being gathered.
The purpose of Business Impact Analysis is to:
- Provide the resource information from which an appropriate recovery strategy can be determined
- Identify resource requirements resulting from activity dependencies that exist both internally and externally
Concurrent with the BIA Analysis we will also perform a Risk Assessment (RA) on your organization. The purpose of evaluating threats is to identify measures that can be put in place to reduce the likelihood of interruption to the organization’s most urgent activities and the impact, should the risk be realised.
The process of evaluating threats uses risk assessment techniques to identify unacceptable concentrations of risk to activities, and single points of failure, and identifies measures that can be put in place to lower the likelihood of disruption to them.