Business impact analysis (BIA) is the careful study of individual business processes and support functions, as well as the system of business processes in its entirety, to better understand objectives regarding the continuity of operations. If performed correctly, the BIA is the business continuity planning (BCP) blueprint. It establishes the business case for spending finite funding on a process traditionally viewed as a glorified insurance policy. Now more than ever, the BIA and the risk assessment are tied together.
In this tool, we’ve compiled a guide that outlines a particular methodology for conducting a business impact analysis.