Author Name
Mary K. Hogan
BIA Method
The federal government website Ready.gov defines Business Impact Analysis (BIA) as an
analysis that predicts the consequences of disruption of a business function and process and
gathers information needed to develop recovery strategies. The business disruption might be
as simple as an overhead sprinkler leak or as complex as a terrorist attack. An effective BIA
consists of five elements: Executive Sponsorship, Understanding the Organization, BIA Tools,
BIA Processes and BIA Findings.
List of elements used in BIA methodology:
1.
2.
3.
4.
5.
Executive Sponsorship
Understand the Organization
Business Impact Analysis Tools
Business Impact Analysis Process
Business Impact Analysis Findings
Author Name
Dr. Alberto G. Alexander
BIA Method
The BIA “analyses the financial and operational impact of disruptive events on the business
areas and processes of an organization” (Alexander, 2009). It is very important to be
conceptually clear about this statement. The financial impact refers to monetary losses such as
lost sales, lost funding and lost revenue. The operational impact represents non-monetary losses
related to business operations and usually includes loss of competitiveness, poor customer
service and damage to business reputation.
List of elements used in BIA methodology:
1. Define the boundaries of the BIA
2. Identify activities that support the scope
3. Assess Financial and operational impacts
a. The financial impact assessment
4. Identify critical activities
5. Assess MTPDs and prioritize critical activities
6. Estimate the resources that each critical activity will require for resumption
7. Determine RTOs for critical activities
8. Identify all dependencies relevant to critical activities
9. Determine recovery point objectives for critical activities
Author Name
Susan Snedaker
BIA Method
Business impact analysis is the process of figuring out which processes are critical to the
company's ongoing success, and understanding the impact of a disruption to those processes.
Various criteria are used including customer service, internal operations, legal or regulatory,
and financial. From an IT perspective, the goal is to understand the critical business functions
and tie those to the various IT systems. As part of this assessment, the interdependencies need
to be fully understood. Understanding these interdependencies is critical to both disaster
recovery and business continuity, especially from an IT perspective. Would it make sense for
your IT staff to spend three days trying to recover System D if System A is still out of
commission? Until you perform the BIA, there may be no real way to know.
Business impact analysis includes the steps listed earlier, but we can break them out into a few
more discrete activities or steps:
1.
2.
3.
4.
5.
6.
7.
Identify key business processes and functions.
Establish requirements for business recovery.
Determine resource interdependencies.
Determine impact on operations.
Develop priorities and classification of business processes and functions.
Develop recovery time requirements.
Determine financial, operational, and legal impact of disruption.
Author Name
LOYOLA UNIVERSITY MARYLAND
BIA Method
A Business Impact Analysis (BIA) is a methodology used to determine the effect of an interruption of services on
each Department within the College (Impact et al., 2014) and then the total impact on the Loyola College
organization as a whole. The analysis provides valuable information on the short- and long-term effects of a
disaster.
1.
2.
3.
4.
5.
Determine the priority for restoring the functions of the college.
Determine the recovery time objective (RTO) for each business process.
Determine the recovery point objective (RPO) for each business process.
Identify critical resources required to support business Department recovery.
Identify critical technology infrastructure requirements.
Author Name
Michael Herrera
BIA Method
1. Meet with management
2. Identify the scope of BIA
3. Secure an IT representative to be present at each interview
4. Determine the operating parameters of BIA
5. Schedule your BIA interviews
6. Gather data before the interview (pre-work)
7. Prepare yourself to facilitate the interview
8. Conduct the BIA interviews
9. Send participants the completed BIA
10. Aggregate the data and analyze it
11. Create a management report
12. Work on recovery strategies
Sr.No
Author Name
Similarities
Differences
1. Mary K. Hogan
5 elements
2. Dr. Alberto G. Alexander
9elements
3. Susan Snedaker
7
4. LOYOLA university maryland
5
5. Michael Herrera
12
References
1. https://smallbusiness.chron.com/5-elements-business-impact-analysis-44844.html
2. https://www.continuitycentral.com/index.php/news/business-continuity-news/2309-amethodological-approach-for-developing-a-business-impact-analysis
3. https://searchitchannel.techtarget.com/feature/Business-impact-analysis-for-businesscontinuity-Overview
4. Impact, B. et al., 2014. Usiness Mpact Nalysis. , (410), pp.1–10.
5. https://www.business2community.com/strategy/conduct-business-impact-analysis-01880785