Briefly it is to enable you to determine the impacts resulting from possible disasters and interruptions that could affect your business; the risks you have assessed previously.
It would also enable you to ascertain critical processes, their priority in the recovery phase, and anything dependent upon those processes so can set a goal for overall recovery
You cannot develop a strategy for your Business Continuity Plan if you cannot determine the extent of the impact on your business of risks occurring.
The purpose of the BIA is to:
- Determine those functions of your business that are critical to its operation together with those particular processes / applications each function accomplishes.
- Put a figure on the potential loss to you and your business for each of those processes if they cannot be conducted for a given period of time.
- Research the probability of losing each function and assign a risk factor— low (L), medium (M), high (H) or severe (S).
Any process rated H or S must be further evaluated in order to determine alternative strategies. - Finally, you need to decide upon what you consider to be an upper limit of for any outage that could be caused by the occurrence of an H or S risk function so as to reduce the effects to M or L
Terence Kierans CAVB (Certified Australian Virtual Business)
Principal, Cyberspace Virtual Services
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