What is a business impact analysis? - Spiceworks Community

Title: What is a business impact analysis?
Article:

When it comes to business continuity planning, it?s clear that the business impact analysis (BIA) is an essential component of your plan. But what exactly is a business impact analysis?

Simply put, a business impact analysis is a thorough, methodical process for analyzing the impact of interruptions on the daily operations of your business.

A business impact analysis will:

• Identify all of your business functions
• Understand how critical each process is to the healthy operation of your organization
• Show the dependencies critical processes have on other processes and resources
• Explore the type and severity of impact a disruption to your processes
• Gauge the amount of time your organization can go without a given process
• Outline the resources required to recover processes to a minimum level within the maximum allowable downtime
• Prioritize the allocation of recovery activities and resources in advance of a potential disruption
• Create a recovery strategy

Once you've completed your business impact analysis you will have a solid foundation for the rest of your business continuity plan. Download the brief to learn more.

Created By: bourget
Last Modified: Feb 15, 2012
Categories: Business Continuity, Business Continuity tools
Tags: blog, business continuity, disaster recovery, bc planning, risk analysis, bc plan, risk assessment, natural threats

Read More

Source: http://community.spiceworks.com/topic/199304-what-is-a-business-impact-analysis

kyla pratt custer scott walker restaurant week type 2 diabetes occupy congress juan williams