The Business Impact Analysis Framework is a systematic process used to evaluate the potential effects of an interruption to critical business operations as a result of a disaster, accident, or emergency. The main goal is to gather information needed to develop recovery strategies, ensure resources are appropriately allocated, and minimize the impact on operations. It helps in prioritizing recovery strategies and investments in resilience and recovery capabilities.
Identify critical business functions and processes. | Assess the resources these functions depend upon. | Determine the potential impacts of business function disruptions. | Estimate the maximum allowable downtime and recovery time objectives. | Document findings and develop recovery strategies.
Regularly update the analysis to reflect changes in business processes. | Involve stakeholders from all levels of the organization. | Integrate the analysis with other business continuity planning activities.
Enhances organizational preparedness and resilience. | Improves decision-making during disruptions. | Facilitates compliance with industry regulations.
Can be time-consuming and resource-intensive. | Requires detailed and accurate data collection. | May need frequent updates to remain effective.
In preparation for business continuity planning. | When updating or revising risk management policies.
For day-to-day operational decision-making. | When immediate action is required without time for analysis.