{"id":515064,"date":"2020-04-02T11:51:17","date_gmt":"2020-04-02T09:51:17","guid":{"rendered":"https:\/\/www.devoteam.com\/expert-view\/business-impact-analysis-how-to-get-started\/"},"modified":"2020-04-02T11:51:17","modified_gmt":"2020-04-02T09:51:17","slug":"business-impact-analysis-how-to-get-started","status":"publish","type":"expert-view","link":"https:\/\/devoteam.info\/lu\/expert-view\/business-impact-analysis-how-to-get-started\/","title":{"rendered":"Business Impact Analysis: how to get started"},"content":{"rendered":"

We\u2019re struck by <\/span><\/i>a crisis <\/span><\/i>that affects many different aspects of our lives; our health, finances and social interactions. <\/span><\/i>Most organi<\/span><\/i>s<\/span><\/i>ation<\/span><\/i>s<\/span><\/i> <\/span><\/i>have face<\/span><\/i>d<\/span><\/i> a situation in which they had to quickly react <\/span><\/i>and adapt <\/span><\/i>their way of working<\/span><\/i> by authori<\/span><\/i>s<\/span><\/i>ing remote working <\/span><\/i>five<\/span><\/i> days a week instead of one day in <\/span><\/i>the past.<\/span><\/i> <\/span><\/i>They<\/span><\/i> had to ensure their <\/span><\/i>business continuity<\/span><\/i>, not a simple thing to do. A lot of work goes into building the right strategy, starting with a Business Impact Analysis<\/span><\/i> (BIA)<\/span><\/i>.<\/span><\/i> <\/span>We want to reach out<\/span><\/i> to you <\/span><\/i>and give you some important insights in the article below.<\/span><\/i> <\/span><\/h3>\n

What is <\/span>a BIA<\/span>?<\/span> <\/span><\/h2>\n

It <\/span>is a process <\/span>that<\/span> <\/span>determine<\/span>s<\/span> and evaluate<\/span>s<\/span> the potential effects of an interruption of business operations, processes and systems by collection relevant data. It quantifies the operational and financial impacts resulting from the disruption of and risks to the service delivery, recovery time objectives (RTOs) and recovery point objectives (RPOs).<\/span><\/p>\n

What could interrupt business operations?<\/span> <\/span><\/h2>\n

Business <\/span>o<\/span>perations may be interrupted by <\/span>a disaster, an accident, an<\/span> <\/span>emergency, a <\/span>pandemic<\/span>, the failure of a supplier<\/span> and so on.<\/span> <\/span><\/p>\n

Many scenarios should be considered and should be <\/span>identified during a risk assessment<\/span>, as <\/span>described <\/span>in a previous blog post<\/span><\/a>.<\/span> For example<\/span>: <\/span> <\/span><\/p>\n