Remove Document Remove Impact Analysis Remove Mitigation
article thumbnail

Risk Management Process- Part 2: Business Impact Analysis

Zerto

The Critical Role of Business Impact Analysis In the first part of our miniseries on risk management, we introduced the operational risk management process and outlined its different parts. This time, we are exploring one of those key parts: the business impact analysis (BIA) process.

article thumbnail

Economic Impact Analysis – The Technology Variable

NexusTek

READ TIME: 5 MIN April 21, 2020 Economic Impact Analysis – The Technology Variable COVID-19 has brought forth many challenges to individuals, companies, and economies. It is no question that there have been negative impacts on companies and industries throughout the world. What is an Economic Impact Analysis (EIA)?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is a Business Impact Analysis (BIA)?

Stratogrid Advisory

What is a Business Impact Analysis (BIA)? The Business Impact Analysis (BIA) is a cornerstone of the Business Continuity Management (BCM) Program. BIA - the letter "A" stands for analysis. Ensuring that SOPs and manual workaround procedures are documented. Business Impact Analysis. 22 Articles.

article thumbnail

Risk Management Process- Part 3a: Risk Assessment and Risk Identification

Zerto

In the previous post of this risk management series, we covered the business impact analysis (BIA) , which is a crucial step in understanding the impact of potential disruptions to critical business processes. It identifies threats and vulnerabilities, potential areas of impact, and the likelihood of disruptive events.

article thumbnail

Risk Management Process- Part 1: Overview

Zerto

We will discuss risk management, the critical importance of business impact analysis (BIA) , and the essential steps involved in a thorough risk assessment. We will end the series with an overview of the risk prioritization and mitigation stages of the process. The BIA, if already completed, determines impact.

article thumbnail

BCP vs. DR Plans: What Are the Key Differences?

Zerto

Business continuity planning describes the process of documenting a holistic set of protocols and procedures to help businesses maintain a certain minimum level of functionality when a crisis hits. BCP Includes Business Impact Analysis, Risk Assessment, And Strategy Development. What is a Business Continuity Plan?

BCP 95
article thumbnail

From Chaos to Calm: Steps to Build a Rock-Solid DR Runbook

Zerto

A DR runbook is a collection of recovery processes and documentation that simplifies managing a DR environment when testing or performing live failovers. A BIA is a document that outlines the potential impact a disaster could have on your business.