3.10E Business Continuity Plan and Business Impact Analysis
Following are the important aspect from a BCP and BIA perspective:
Objectives of Business Impact Analysis
Following are the primary objective of business impact analysis:
To determine the critical processes of the organization that should be prioritized for effective prevention or response.
To determine the impact of disruption on the organization over a period of time.
To raise the awareness amongst the employees with respect to business continuity requirements of the organization.
Relationship between BCP and Risk Assessment
Business continuity and disaster recovery process should be aligned with risk assessment of the organization. Any change in the risk environment should also be considered to determine the effect of change on a business continuity plan.
Business Impact assessment (BIA) can be a common tool utilized by the BCP team as well as the risk assessment team.
Involvement of Stakeholders in BCP
Success of a business continuity plan depends upon the involvement of respective business owners and collaborative development and updation of the plan. BCP should be written and updated by representatives of all the functional units.