Business Impact Analysis (BIA)
BIA is a fundamental process aimed at identifying critical and essential assets within an organization and assessing the impact of their disruption over time. These assets include everything the organization relies on to deliver its services and achieve its objectives, such as human resources, IT systems, data, and suppliers.
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It is crucial to conduct this analysis collaboratively between the Business Continuity Manager or Impact Analysis Specialist and asset managers. The potential impacts of disruption are evaluated with time as a critical factor. While the disruption might have a minimal effect in the initial hours, its impact grows over time, making it essential to consider the time dimension during analysis. Do you believe the
absence of a Business Impact Analysis in your organization would affect its
readiness and continuity? |
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