To develop an appropriate business continuity management plan, you must first understand what activities or processes are essential to ensure your business maintains its critical activity.
By undertaking a Business Impact Analysis (BIA), you can identify, quantify and qualify the impacts of a loss, interruption or disruption to your business processes. This will help you identify critical deliverables, evaluate recovery priorities and assess the risks that could lead to a disruption in your business/service delivery.
You should first identify which resources you require to maintain the crucial areas within your business, for example:
- data and information
- plant and specialist equipment
A good Business Impact Analysis (BIA) will help you develop appropriate continuity strategies as part of the next phase of your business continuity management cycle.
Business Impact Analysis (BIA) checklist
- what are the objectives of my organisation?
- how are my business objectives achieved?
- what are the organisation's products/services?
- who is involved (both internally and externally)?
- what are the time imperatives on the delivery of products or services?
Download a 'quick reference' Business Impact Analysis (BIA) guide to assist you with your Business Impact Analysis planning.