Maximize Your Business Impact Analysis
Avalution will conduct your business impact analysis in a way that will achieve management participation and produce meaningful results!
WHAT IS A BUSINESS IMPACT ANALYSIS?
A business impact analysis (BIA) is a detailed study of departments, activities, dependencies and infrastructure that provides an understanding of how the organization delivers critical products and services and the cost of a business interruption to the organization over time. The BIA is designed to clarify priorities, specifically recovery time objectives (RTOs) and recovery point objectives (RPOs).
LESS STRESS, MORE RESULTS
The BIA often causes continuity professionals unnecessary stress as they try to:
- Determine how to scope the BIA (e.g. organizational charts, departments/business units, facilities, critical products/services);
- Choose the most efficient and effective data gathering approach (e.g. interviews, questionnaires, a combination of both);
- Figure out the best way to analyze the raw data, and then report on it in a way that will resonate with management; and
- Ensure they provide the necessary justification behind identified recovery requirements.
Unfortunately, there isn’t a simple answer or a one size fits all approach to performing a BIA that works for every organization. Why? Because it differs by organization type, culture, maturity of the current business continuity program, and management expectations.
BUT, DON'T WORRY!
This is where Avalution can provide value and help you design and execute a business impact analysis that will achieve management participation and produce meaningful results!
HOW CAN AVALUTION HELP WITH YOUR BUSINESS IMPACT ANALYSIS?
Brian Zawada, Director of Consulting
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Additional Resources
from Avalution...
From the Blog
Business Continuity Scoping: Why Products and Services? // This post explores a business continuity scoping approach that contributes to better management engagement and prioritization of risk management efforts... Read on
Is a Questionnaire-Based Approach to the Business Impact Analysis the Best Approach? // This perspective summarizes the pros and cons associated with the exclusive use of questionnaires versus an interview-based data gathering approach... Read on
Achieving Meaningful Results: Establishing the Context for Your Business Impact Analysis // Business continuity professionals often perform a BIA as one of the first steps in establishing their organization’s business continuity program or management system... Read on