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

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

Business Impact

  • Impact Area: Hard (H)/ Soft (S)
    • Hard Impact: Direct Financial Impact.
    • Soft Impact: Indirect Financial Impact and Non-Financial Impact.
    • Basis for Calculating Hard and Soft Impact
    • Total ($) Impact
      • Calculate the total financial impact on your business unit if you did not carry out this business function for X calendar days.
    • 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.

FAQ for Completion of BIAQ

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