IDC PlanScape: Business Impact Assessment to Prepare for Business and Security Disruptions
This IDC PlanScape discusses the business impact assessment (BIA), which provides the foundation for companies to build a resilient organization that can withstand the most likely disruptions to the most critical functions. BIA serves as a key building block for a company's business continuity plan (BCP) and disaster preparedness. It sets mutual understanding regarding the time, investment, and level of effort to protect key assets at an organization."You can't build resiliency in your team without thinking deeply and regularly about disruptions and impacts across teams," says Gerald Johnston, adjunct research advisor for IDC's IT Executive Programs (IEP).
Please Note: Extended description available upon request.
- IDC PlanScape Figure
- Executive Summary
- Why Is Business Impact Assessment Important?
- What Is Business Impact Assessment?
- Overview of Performing the BIA
- Who Are the Key Stakeholders?
- How Can My Organization Take Advantage of Business Impact Assessment?
- How the BIA Integrates into the BCP Framework
- Advice for Technology Buyers
- Steps to Creating the Business Impact Assessment
- 1. Prepare
- 2. Identify and Assess Business Disruption Risks
- 3. Assess Disruption Risks
- 4. Identify Critical Business Functions and Critical Business Processes
- Hypothetical Brokerage
- 5. Identification of Critical Assets
- 6. Develop Recovery Strategies and Documentation
- 7. Refine and Maintain the BIA
- Related Research
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