Business Impact Analysis
The Business Impact Analysis (BIA) is the foundation upon which your whole Business Continuity Management (BCM) program is built. It identifies, quantifies and qualifies the consequences of a loss, interruption or disruption of business activities on your organization. The BIA gathers the data from which appropriate continuity and recovery strategies can be developed.
By creating a BIA we tell the story of how your business would be impacted as a disruption moves from hours, to days, to weeks. When the impact is understood, you gain the clarity to determine the sequence and urgency in which each business function should be recovered.
As we identify and evaluate the impact of disasters on your business, you gain the basis for wise investment decisions. Understanding where to invest in recovery strategies as well as pro-active prevention and mitigation strategies. A ROI that can ultimate help you stay in business when disaster strikes.
Concurrent with the BIA Analysis we will also perfom a Risk Assessment (RA) on your organisation. The purpose of evaluating threats is to identify measures that can be put in place to reduce the likelihood of interruption to the organisations most urgent activities and the impact, should the risk be realised.
The process of evaluating threats uses risk assessment techiques 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 distruption to them.