A business impact analysis (BIA) attempts to relate specific risks and threats to their impact on key issues like business operations, financial performance, reputation, employees and supply chains. The BIA is usually the starting point for risk identification in a business continuity context and the analysis’ results should guide the risk assessment process.

The discovery process relies on questionnaires to gather relevant information. The person creating the BIA works to identify business attributes such as critical business processes, interdependencies among business units (both internal and external), supply chain dependencies, minimum acceptable office configurations and supplies, minimum time needed to recover operations, as well as minimum staffing required to provide business as usual. BIA questions are posed to key members of each operating unit in the company. A well-organized BIA questionnaire should be able to fulfill its discovery objectives in no more than 20 to 25 questions.

DETAILED ASSIGNMENT

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