What are the three steps that should be performed in a business impact analysis BIA )?
Show What is Business Impact Analysis?Business Impact Analysis or BIA refers to the process of identifying an organization’s Critical Business Functions (CBFs) and analyzing the potential disruptive impact to the business. The BIA can be used to:
ObjectivesThe objectives of a BIA are to:
TasksThe tasks to be led by the BCP Manager (Organization BCM Coordinator) and completed within the BIA phase include:
Expected DeliverablesThe expected deliverables in a typical BIA phase are:
What Does BIA Development Process Entail?The entire BIA process involves the following steps: Gather Information
Verify & Analyze Information
Document & Present Findings
ReferenceGoh, M. H. (2021). Conducting Your Impact Analysis for Business Continuity Planning. Business Continuity Management Planning Series (3rd ed.). Singapore: GMH Pte Ltd. Extracted from "Chapter 2: What is Business Impact Analysis?" More Information About Blended Learning BCM-5000 [BL-B-5]To know more about our blended learning program and when the next course is scheduled, feel free to contact our friendly course consultant colleagues via . They are the BL-B-3 Blended Learning BCM-300 ISO22301 BCMS Implementer and the BL-B-5 Blended Learning BCM-5000 ISO22301 BCMS Expert Implementer. What are the steps in performing BIA?Our process follows five key steps.. Step 1: Scope the Business Impact Analysis. ... . Step 2: Schedule Business Impact Analysis Interviews. ... . Step 3: Execute BIA and Risk Assessment Interviews. ... . Step 4: Document and Approve Each Department-Level BIA Report. ... . Step 5: Complete a BIA and Risk Assessment Summary.. What are the three methods of impact analysis?Methods Used for Impact Analysis
Scoping or checklists. Qualitative analysis; developing focus groups. Quantitative analysis.
What are the three key outputs of the BIA process?The BIA quantifies the impacts of disruptions on service delivery, risks to service delivery, and recovery time objectives (RTOs) and recovery point objectives (RPOs).
What are the three goals of a business impact analysis?Detailed understanding of what your business absolutely must achieve (the critical objectives). An understanding of what interruptions may be faced in trying to achieve these critical objectives. Able to predict the probable outcome of controls and other mitigation strategies.
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