Business Impact Analysis (BIA)
The Business Impact Analysis (BIA) is the backbone of the entire business continuity exercise or, at least, it should be if handled correctly. A well-executed BIA can make the difference between a fully developed, robust business continuity program, and a mediocre one.
The BIA provides a reasonable benchmark to rank and order the critical business functions and their supporting infrastructure. Our analysis enables your team to develop a smart approach to completing your business continuity plan. It makes the best use of your planning time and effort since you have already identified the most critical business functions.
We will help your staff to prioritize business functions by assessing the potential quantitative (financial) and qualitative (non-financial) impact that might result if an organization was to experience a business continuity event.