Business Impact Analysis can be defined as a process of identification of critical business assets, functions, processes, and resources as well as an evaluation of the potential damage or loss that may be caused to the organization resulting from a disruption (or a change in the business or operating environment).  Impact analysis identifies: (a) how the loss or damage will manifest itself; (b) how that degree for potential escalation of damage or loss with time might follow an incident; (c) the minimum services and resources (human, physical and financial) needed to enable business processes to continue to operate at a minimum acceptable level; and, (d) the time-frame and extent within which activities, functions and services of the organization should be recovered.

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