Part 2: Impact Area Of Business Functions v2.0

Business Impact

Business Function and Function Code (Col 2 & 3)

• Cross-reference to the Business Function/function code or number from original Function No assigned in Part 1

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.
  • Examples of Financial and Non-financial Impacts
  • 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

• BIAQ FAQ for Part 2: Impact Area Of Business Functions v2

Back