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Business Impact Analysis
Business continuity planning – Business impact analysis (BIA)
A Business impact analysis (BIA) differentiates critical (urgent) and non-critical (non-urgent) organization functions/activities. Critical functions are those whose disruption is regarded as unacceptable. Perceptions of acceptability are affected by the cost of recovery solutions. A function may also be considered critical if dictated by law. For each critical (in scope) function, two values are then assigned:
Business continuity – Business impact analysis (BIA)
The entire concept of business continuity is based on the identification of all business functions within an organization, and then assigning a level of importance to each business function. A business impact analysis is the primary tool for gathering this information and assigning criticality, recovery point objectives, and recovery time objectives, and is therefore part of the basic foundation of business continuity.
Business continuity – Business impact analysis (BIA)
Most standards require that a business impact analysis should be reviewed at defined intervals appropriate for each organization and whenever any of the following occur:
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