CHAPTER 3: BUSINESS IMPACT ANALYSIS AND RISK ASSESSMENT
These elements are really pivotal in a good BCMS. Without them, there can be no assurance that all potential interruption scenarios have been taken into account, nor that the resilience, response and recovery capabilities are comprehensive, and based on the true priorities of the organisation.
Business impact analysis
The simple premise of business impact analysis (BIA) is that the BCM arrangements for each activity should be commensurate with the impact of interrupting that activity. This section looks at what BIA is for, and how to conduct it.
What is BIA?
As its name suggests, BIA involves the analysis of the impacts sustained when activities are interrupted. Of course, there are many ...