Business Impact Analysis Plan

Business Impact Analysis Plan-23
You would know what stocks to invest in, what sports team was going win, and what lottery numbers to play. Well, unfortunately we can’t, so we are going to have to keep working hard, researching the best investments, and doing a lot of guessing, hoping, and praying.Business Continuity Planning has some similarities. We must research and work hard to develop a BCP that protects us if something that can negatively impact our organization should take place.A Business Impact Analysis (BIA) is a process that allows us to identify critical business functions and predict the consequences a disruption of one of those functions would have.

You would know what stocks to invest in, what sports team was going win, and what lottery numbers to play. Well, unfortunately we can’t, so we are going to have to keep working hard, researching the best investments, and doing a lot of guessing, hoping, and praying.

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In her free time, Megan enjoys taking her kids on outdoor excursions exploring the beauty of Minnesota, playing video games, and studying to take the CISSP exam.

Wouldn’t it be nice if we could predict the future?

Running the BIA involves collecting information from each of your organization’s department managers.

Smaller groups will be easier to get accurate information from, so I recommend that you send your questionnaires to the lowest leader possible; someone very knowledgeable of the tasks his/her business unit performs and the technology and services they rely on.

Will sensitive data remain adequately secured in the event of a disaster?

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You will need to work with senior management to determine whether it is feasible to attempt to perform all the necessary functions in a crisis environment, or whether some functions should be outsourced to a vendor.After your compilation and assessment are complete, present your findings to senior management.They may want to adjust your criteria based on their understanding of the entire organization; they’ll be able to add a perspective that may have been missed while the department experts focused strictly on their individual processes.Additionally, ask whether they’d be willing to send out a notification ahead of time about the BIA’s importance to the organization, as this will help to ensure that the BIA questionnaires are given priority.Once you’ve received the information back from every department, it is time to put it to work!At this point, you’ll be ready to begin coordinating what you’ve found into your Disaster Recovery Plan (DRP) and examining the disaster recovery systems you already have in place.Do your current backup frequency and retention policies meet the needs of your most critical systems?We also will be doing a lot of hoping and praying that a disastrous situation does not occur.The difference with Business Continuity Planning is that we do have the ability to predict the future!Megan Larkins is a member of our Information Security team who's driven to help organizations of all sizes recognize the urgent and critical nature of taking an active role in information security.Having previously served as the lone-IT person and IT Director for a mid-sized business, Megan thoroughly understands the challenges of addressing the wide range of responsibilities that frequently fall into the bucket of an Information Technology department.

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