ISO 22301 - Business Continuity Management Systems
- The Business Impact Analysis (BIA) -
BIA – should offer a good understanding of activities that require urgent action if
disrupted because failure to resume them quickly will have an unacceptable impact.
Prioritized (key, critical, vital) activities
ISO 22301 - Business Continuity Management Systems
- The Business Impact Analysis (BIA) -
Type of impact Details
Financial impact How much money is the company losing
Reputational impact Embarrassment for the company, brand
damage or a negative opinion towards the
organization
Legal and regulatory From fines up to withdrawal of license to trade
impact
Contractual impact Breach of contractual obligations and
associated consequences
Business objectives Failure to achieve objectives
Each organization defines what “unacceptable impact” means
ISO 22301 - Business Continuity Management Systems
- The Business Impact Analysis -
Maximum Tolerable Period of Disruption = timeframe within
MTPD which the impact of not resuming an activity would become
unacceptable
RTO Recovery Time Objective = timeframe for resuming prioritized
activities
MBCO Minimum Business Continuity Objective = minimum level of
product or service that is acceptable to the organization
ISO 22301 - Business Continuity Management Systems
- The Business Impact Analysis -
RPO Recovery Point Objective = maximum amount of data that the
company affords to lose
ISO/TS 22317 – Guidelines for Business Impact Analysis