Implementing a Business Continuity Management Program
1. Establish the BCM Ownership.
2. Align BCM Program to organizational Strategic Goals.
4. Determine the BCM Strategy.
5. Determine the BCM Implementation Approach.
7. Business Impact Analysis
BIA Purpose
The Business Impact Analysis (BIA) is the critical first step in the conceptual transition from recovery to continuity. It is designed to establish a common understanding for endorsement by senior management, of what the enterprise sees as its key processes. It is the most important element, as well as the most complex component of the Business Continuity Planning (BCP) or Continuity Of Operations (COOP) program.
An effective BIA will:
Identify the processes or functions performed by an organization and the criticality of each process
Identify the resources required to support each process performed
Demonstrate interdependencies between processes and/or departments
Allow understanding of the impact of failing to perform a key process
Assign a Recovery Time Objective (RTO) for each process and a Recovery Point Objective (RPO)
Identify Recovery Requirements
Prioritize the order in which the business units will recover
The BIA will assign priorities to those processes and the quantified impact on the organization should the processes be disrupted, serve to determine vulnerabilities based on the failure of critical functions, and ascertain which functions are mission-critical, critical, essential, or non(less)-essential.
To begin the BIA Process:
Develop detailed project plans for implementation of the BIA
Form a BIA Steering Committee
Identify the BIA Administrator Team
Conduct a Project Kickoff Session and invite Project Stakeholders
For more detailed information about how to perform a Business Impact Analysis, better prepare your organization with effective BC/DR Planning tools, or to schedule a tabletop exercise with our Certified Business Continuity Professionals, please contact us via:
The contact form using the link at the top of this page
Email at PSISales@ParadigmSI.com
For more information, call us at 800-558-9568 ext. 300
To speak with a Sales Representative about Business Continuity Planning Consulting or Business Continuity Software, please call:814-330-2560
Next up in Part 8: Risk Analysis