Difference between revisions of "Part 2: Impact Area Of Business Functions v2.0"

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= '''Business Impact''' =
 
= '''Business Impact''' =
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== '''Businss Function and Function Code''' (Col 2 and Col 3) ==
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Refer to explanation found in [[Part 1: Identification of Business Functions v2.0| Part 1:Identification of Business Functions]]
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[[Image:BIA ImpArea 2.0.jpg |thumb|800px|right| Part 2: Impact Area of Business Functions]]
 
[[Image:BIA ImpArea 2.0.jpg |thumb|800px|right| Part 2: Impact Area of Business Functions]]
=='''[[Impact Area]]: Hard (H)/ Soft (S)'''==
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=='''[[Impact Area]]''' (Col 4)==
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* Hard (H)/ Soft (S)
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=='''Financial Impact''' (Col 5 & 6)==
 
*[[Hard Impact]]: Direct Financial Impact.
 
*[[Hard Impact]]: Direct Financial Impact.
 
*[[Soft Impact]]: Indirect Financial Impact and Non-Financial Impact.
 
*[[Soft Impact]]: Indirect Financial Impact and Non-Financial Impact.

Revision as of 16:43, 16 January 2020

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Business Impact

Businss Function and Function Code (Col 2 and Col 3)

Refer to explanation found in Part 1:Identification of Business Functions

File:BIA ImpArea 2.0.jpg
Part 2: Impact Area of Business Functions

Impact Area (Col 4)

  • Hard (H)/ Soft (S)

Financial Impact (Col 5 & 6)

  • Hard Impact: Direct Financial Impact.
  • Soft Impact: Indirect Financial Impact and Non-Financial Impact.
  • How Impact is Quantified
    • Describe how this figure is made up, focusing on the most significant items. There could be contractual penalties, interest claims, missed business opportunities and loss of commission, expressed as a formula.

Quantification

  • The amount from the direct financial impact in local currency, for a period of X days. Please state time period if it is less than X days as some business functions will cease to operate within one or two days after the disaster because there is no new transactions.
  • Remarks: How is the hard impact quantified?
    • Provide the workings or basis for computing the amount of loss. For example, $20,000 received per day multiplied by 2% interest payment for overdraft, multiply by X days of outage.
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FAQ for Completion of BIAQ

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