Business Impact Analysis Plan

Business Impact Analysis Plan-33
We also will be doing a lot of hoping and praying that a disastrous situation does not occur.

We also will be doing a lot of hoping and praying that a disastrous situation does not occur.

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At this point, you’ll be ready to begin coordinating what you’ve found into your Disaster Recovery Plan (DRP) and examining the disaster recovery systems you already have in place.

Do your current backup frequency and retention policies meet the needs of your most critical systems?

Running the BIA involves collecting information from each of your organization’s department managers.

Smaller groups will be easier to get accurate information from, so I recommend that you send your questionnaires to the lowest leader possible; someone very knowledgeable of the tasks his/her business unit performs and the technology and services they rely on.

You would know what stocks to invest in, what sports team was going win, and what lottery numbers to play. Well, unfortunately we can’t, so we are going to have to keep working hard, researching the best investments, and doing a lot of guessing, hoping, and praying.

Business Continuity Planning has some similarities. We must research and work hard to develop a BCP that protects us if something that can negatively impact our organization should take place.

After your compilation and assessment are complete, present your findings to senior management.

They may want to adjust your criteria based on their understanding of the entire organization; they’ll be able to add a perspective that may have been missed while the department experts focused strictly on their individual processes.

A Business Impact Analysis (BIA) is a process that allows us to identify critical business functions and predict the consequences a disruption of one of those functions would have.

It also allows us to gather information needed to develop recovery strategies and limit the potential loss.

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