Published: 06 May 2024
Summary
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.
Included in Full Research
Overview
Key Findings
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Every business function thinks it is the most important operation within its organization. This results in unreasonable resilience and recovery expectations.
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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.
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Organizations underestimate the level of executive support and time required to successfully perform a BIA.
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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.
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Best practices suggest that the BIA should be jointly sponsored and conducted
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