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What is a BusinessImpactAnalysis (BIA)? The BusinessImpactAnalysis (BIA) is a cornerstone of the Business Continuity Management (BCM) Program. The BIA is an organization-wide activity. Last Updated on May 31, 2020 by Alex Jankovic. Reading Time: 5 minutes. BIA executed the "the right-way".
Defining BC and IT/DR Business continuity (BC) is informally used as an umbrella term encompassing both business continuity and IT disaster recovery. Sometimes the form business continuity management (BCM) is used. The standard way of arriving at these targets is by conducting a BIA, or businessimpactanalysis.)
The conclusion was that to be successful and effective, Business Continuity Planning must be an organization-wide activity. It involves the collaboration of all business functions and all departments. I spoke with many Business Continuity Professionals, and this seems to be the case in many organizations.
The conclusion was that to be successful and effective, Business Continuity Planning must be an organization-wide activity. It involves the collaboration of all business functions and all departments. I spoke with many Business Continuity Professionals, and this seems to be the case in many organizations.
It’s a process that begins with the realization that the business needs to have a Plan B for its most critical processes and functions. Each segment of the organization identifies critical processes, applications, resources, personnel, and recovery timeframes (through a businessimpactanalysis (BIA)).
This statement is quite a mouthful, but it boils down to the identification of organizational threats, management of their impacts, and building response strategies to protect critical resources. The BCM program contains three distinct implementation phases; its activities are outlined in the table below.
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