Published: 06 May 2024
The BIA is not only the vital building block for BCM and DR; it is the “center of the universe” for resilience and business value. This research helps security and risk management leaders understand who should be involved when performing a BIA, the steps to take and pitfalls to avoid.
Every business function thinks it is the most important operation within its organization. This results in unreasonable resilience and recovery expectations.
Organizations struggle to define the scope or criticality levels of a business impact analysis (BIA), which often leads to unusable or inaccurate recovery requirements and priorities.
Organizations underestimate the level of executive support and time required to successfully perform a BIA.
Most organizations no longer perform against applications for an application assigned tier, but rather at a business function level to ensure an end-to-end view of what is critical.
Best practices suggest that the BIA should be jointly sponsored and conducted
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Analysts:
Ron Blair, Belinda Wilson, David Gregory
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