View source for Business Impact Analysis (BIA)

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| '''1.''' Business Impact Analysis or BIA is a phase within the [[BCM_Planning_Process_or_Methodology|BCM planning process]]. It is the [[Process|process]] of analyzing the effect of interruptions to business operations or [[Process|processes]] on all [[Business_Function|business functions]]. 
[[File:BCM Planning Methodology BIA.jpg|right|300px|BCM Planning Methodology]]
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'''Related Terms''': [[Business_Impact_Analysis_Questionnaires_(BIAQ)|Business Impact Analysis Questionnaires (BIAQ)]], [[BCM_Planning_Process_or_Methodology|BCM Planning Process or Methodology]], [[DR_Planning_Process_or_Methodology|DR Planning Process or Methodology]].

'''Note (1)''': The BIA should identify all [[Critical_Business_Functions_(CBF)|critical business functions]], qualify and/or quantify [[Loss|losses]] as a result of such interruptions, determine the tolerable downtime and minimum resources needed to [[Recover|recover]] the [[Critical_Business_Functions_(CBF)|critical business functions]].

'''Note (2)''': Typically, for the first [[Business_Continuity_Planning_(BCP)|BCP]] [[Project|project]] the [[Organization|organization]] is involved in, all [[Business_Unit_(BU)|business units]] should be involved during the BIA. For subsequent [[Business_Continuity_Planning_(BCP)|BCP]] [[Project|projects]] and if there are no significant organizational changes, then only [[Business_Unit_(BU)|business units]] with [[Critical_Business_Functions_(CBF)|critical business functions]] will be involved.<br/> <br/> 

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'''2.''' [[Process|Process]] of analyzing [[Activity|activities]] and the effect that a business [[Disruption|disruption]] might have upon them.

{{ISO 22301 Source}} - clause 3.8

'''3.''' [[Process|Process]] of analysing [[Critical_Business_Functions_(CBF)|business functions]] and the effect that a business [[Disruption|disruption]] might have upon them.
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{{NCEMA 7000 Source}}

'''4.''' Process of analyzing business functions and the effect that a business [[Disruption|disruption]] might have upon them.

{{BS25999 Source}}

'''5.''' The process of determining the impacts on the [[Organization|organization]] due to interruptions to business operations or [[Process|processes]]. The BIA should qualify and/or quantify [[Loss|losses]] as a result of such interruptions. Where possible, the loss [[Impact|impact]] should include both business [[Disruption|disruption]] (number of days) and financial standpoints. BIA is determined without consideration for risk source, type or magnitude.

{{TR19 Source}}

'''6.''' The management level analysis by which an [[Organization|organization]] assesses the quantitative (financial) and qualitative (non-financial) [[Impact|impacts]], effects and loss that might result if the [[Organization|organization]] were to suffer a [[Business_Continuity_(BC)|Business Continuity]] E/I/C. The findings from a BIA are used to make decisions concerning [[Business_Continuity_Management_(BCM)|Business Continuity Management]] strategy and solutions.

{{BCI Source}}

'''7.''' The process of analyzing all business functions and the effect that a specific [[Disaster|disaster]] may have upon them. 1) Determining the type or scope of difficulty caused to an [[Organization|organization]] should a potential [[Event|event]] identified by the [[Risk_Analysis|risk analysis]] actually occur. The BIA should quantify, where possible, the [[Loss|loss]] [[Impact|impact]] from both a business interruption (number of days) and a financial standpoint. SIMILAR TERMS: Business Exposure Assessment, [[Risk_Analysis|Risk Analysis]].

('''Source:''' Disaster Recovery Institute International / Disaster Recovery Journal - DRII/DRJ)

'''8.''' A management level financial analysis that identifies the [[Impact|impacts]] of losing an [[Organization|organization’s]] resources. The analysis measures the effect of resource [[Loss|loss]] and escalating [[Loss|losses]] over time in order to provide reliable data upon which to base decisions on mitigation, recovery, and [[Business_Continuity_(BC)|business continuity]] strategies

{{Asis Source}}

'''9.''' A management level analysis, which identifies the impacts of losing company resources. The BIA measures the effect of resource [[Loss|loss]] and escalating losses over time in order to provide senior management with reliable data upon which to base decisions on [[Risk|risk]] mitigation and continuity planning. (Associated terms:Business [[Impact|Impact]] Assessment,Business [[Impact|Impact]] Analysis Assessment).

{{HB221 Source}}

{{HB292 Source}}

'''10.''' A management level analysis that identifies the impacts of losing the entity's resources.

{{NFPA Source}}

'''11.''' The process of analyzing the financial and non -financial [[Impact|impact]] due to a [[Disruption|disruption]] on business operations. The BIA measures the effect of resource [[Loss|loss]] and escalating [[Loss|losses]] over time in order to provide top management with reliable data upon which to base decisions on [[Risk_Mitigation|Risk Mitigation]] and continuity planning.

{{MS1970 Source}}

'''12.''' A management level analysis, which evaluates the risks of disruption, including a consideration of the impacts of capability loss over time and the needs for and inter-dependencies of resources.

''NOTES:''

*The BIA measures the effect of capability loss, including escalating losses over time and effects on inter-dependencies, in order to provide senior management with reliable data upon which to base decisions on risk treatment and planning for stabilization, continuity and recovery 
*Also referred to as business impact assessment. 

{{AS/NZS 5050.1 Source}}

'''13.''' A management level analysis, which evaluates the risks of disruption, including a consideration of the impacts of capability loss over time and the needs for and inter-dependencies of resources.

''NOTES:''

*The BIA measures the effect of capability loss, including escalating losses over time and 

effects on inter-dependencies, in order to provide senior management with reliable data upon which to base decisions on risk treatment and planning for stabilization, continuity and recovery

*Also referred to as business impact assessment. 

{{AS/NZS 5050.2 Source}}

'''14.''' An assessment of the minimum level of resources e.g. personnel, workstations, technology, telephony required, overtime, after a Business Continuity Incident to maintain the continuity of the organisation's Mission Critical Activities at a minimum level of service/production. The BIA measures the effect of resource loss and escalating losses over time in order to provide senior management with reliable data upon which to base decisions on risk mitigation and continuity planning. Generally considered to be part of a BIA it is an integral part of any subsequent resource Gap Analysis.

{{BCI Source}}

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