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What are the biggest values gained from performing a business impact analysis?
What do you think are the biggest benefits that a BIA provides?
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The biggest values gained from performing business impact analysis are as follows:
1. Identification of major vulnerable components and characteristics of the threat.
2. Identification of complete profile of loss that can be incurred on occurence of failure and how to effect mitigation.
3. A well-structured cash allocation for ensuring protection in terms of organisational components that are ranked as priority for business continuity and requirement for activity and solvency.
4. Provides key feeders for development of DRP and BCP.
5. Opportunity to establish the financial implication of failure in terms of requirement to reposition the firm at its original competitive level; and using that as effective thrust for appropriate action.
Dr Elijah Ezendu
http://advancingci.blogspot.com/
http://advancinghr.blogspot.com/
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