A critical first step in your planning process is a Business Impact Analysis (BIA). It will help your organization determine the criticality of business functions, interdependencies between processes and/or organizational hierarchy/locations, appropriate risk factors and ranges of impacts (both financial and non-financial).
PSI Certified Professionals will survey appropriate personnel to determine:
- Critical Functions within each business unit
- Expected Recovery Time and Recovery Point Objectives
- Processing Cycle Duration for each Critical Function
- Identify Deliverable and Quantity Delivered per Cycle
- Value per Deliverable Unit
- Supporting Functions necessary for completion of Critical Functions
- Work Inflow and Outflows to identify Critical Points of Failure
- Resources necessary to complete Critical Functions
- Level of Impact to each of the identified risks based over periods of time
PSI Certified Professionals will develop a report that details the impact of loss of operations for each of the business units and service segments under review. This process will include the following:
- Analyze all data collected
- Re-validate conflicting or missing information
- Build graphical and written information summaries
- Prepare management report deliverable
The report will define categories of risk and/or associated financial impacts that may result as a consequence of a disruption of service. Assign a Maximum Allowable Outage (MAO), Recovery Time Objective (RTO), Recovery Point Objective (RPO), and Recovery Ranking of those processes.
For more information about PBusiness Impact Analysis services please contact: Info@ParadigmSI.com or 8005589568, Ext. 300