Business Impact Analysis (BIA)
IT is a fundamental to most businesses. However, equally important are:-
Unavailability of Key Personnel - any event that causes the organization to have access to less personnel than normally required to perform critical functions and services. For example: pandemic, terrorism, snow storm, etc.
Unavailability of Work Place - any event that makes part or all of the workplace unavailable (floor, building, area) leads you to invoke a relocation plan
So where do I start protecting my business?
Recovering business critical functions and supporting resources within a defined timeframe needs to be set by a properly conducted Business Impact Analysis (BIA).
BIAs help to:-
- Understand key processes and dependencies
- Create (cost) efficiencies by understanding duplications
- Discover uninsured risks
The time spent on a BIA will save you money by identifying:-
- Areas of duplication
- Single points of weakness
- Supply chain issues
- Bad practice
Speak to KS Services about a Business Impact Analysis for your organisation. Click Here.
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