Business continuity impact analysis identifies the effects resulting from disruption of business functions and processes.
It also uses information to make decisions about recovery priorities and strategies.
The Operational & Financial Impacts worksheet can be used to capture this information as discussed in Business Impact Analysis.
The worksheet should be completed by business function and process managers with sufficient knowledge of the business.
Following an incident that disrupts business operations, resources will be needed to carry out recovery strategies and to restore normal business operations.
Resources can come from within the business or be provided by third parties.The Business Continuity Resource Requirements worksheet should be completed by business function and process managers.Completed worksheets are used to determine the resource requirements for recovery strategies.Therefore, recovery strategies for information technology should be developed so technology can be restored in time to meet the needs of the business.Manual workarounds should be part of the IT plan so business can continue while computer systems are being restored.Once all worksheets are completed, the worksheets can be tabulated to summarize: Those functions or processes with the highest potential operational and financial impacts become priorities for restoration.The point in time when a function or process must be recovered, before unacceptable consequences could occur, is often referred to as the “Recovery Time Objective.”Recovery of a critical or time-sensitive process requires resources.The basic principle and an absolute pre-requisite for BCP is that it is done in a close co-operation with the business and is based on business requirements.Business processes must be evaluated and categorized based on their criticality.Development of a business continuity plan includes four steps: Information technology (IT) includes many components such as networks, servers, desktop and laptop computers and wireless devices.The ability to run both office productivity and enterprise software is critical.