Business Impact Analysis
In conducting a Business Impact Analysis (BIA), Prepared Campus Consulting employs a process that identifies and assesses the potential effects of disruptions on institution operations, services, and functions. Institutions can then make informed decisions about how to allocate resources, develop recovery strategies, and strengthen resilience.Â
A Business Impact Analysis includes:
Identify Critical Business Functions and Processes
Assess Impact of Disruptions
Set Recovery Objectives
Analyze and Prioritize Risks
Develop and Recommend Mitigation Strategies
Document Findings and Report to Leadership
The Business Impact Analysis supplements the threat and hazard assessment by defining the monetary, resources, and human impact on normal operations of the institution as a result of a crisis.