The business impact analysis (BIA) is a process that defines business continuity requirements. This includes setting strategic recovery priorities, inventorying in-scope functions and resources, and setting target recovery timeframes for those functions and resources. The major outcomes associated with the BIA include:
- Setting strategic priorities that define the products and services that must be delivered during a disruptive incident and how quickly service delivery must resume
- Inventorying business activities and resources to build a solid foundation of what needs to be recovered following a disruption
- Establishing recovery timeframes that help the organization determine when resources need to be recovered and help in prioritizing risk treatment options and recovery strategies. Recovery time objectives (or RTOs) should be established in such a way that, if achieved, would enable an organization to also meet its strategic priorities.
At CyberGen, we have the people, expertise, and technology to efficiently define business continuity requirements, which, at the end of the day, is what the BIA is meant to accomplish. When we execute a BIA, we deliver a foundation upon which an organization can reduce risk and implement effective response and recovery strategies.