Improve Your Business Impact Analysis tip 3 – inventory of business functions

A successful Business Impact Analysis (BIA) will harness knowledge from throughout the organization to compile accurate comprehensive data needed create practical business continuity plans. These tips will help the business continuity management professional focus their efforts on collecting valid data from credible sources.

Tip #3  Create an inventory of business functions within the scope

Prepare the inventory based on the most recent organization chart. Before moving ahead, validate the list of business functions with department leaders or the BC Steering Committee. For each business function you will need to determine where it occurs, who can perform it and what technology and information it requires. Dependencies and vital resource requirements must be determined. Format the data to collect into a list: RTO, Priority within the RTO, RPO, MSL, Dependencies, and Resources. Flowcharts should be used to get a strong understanding of how the functions are connected. Simple spreadsheets can be used to contain and sort through the information.

Return tomorrow for our final tip on Business Impact Analysis (BIA).

(For more information on DRI’s professional practices please read Professional Practice One – Program Initiation and Management DRII Professional Practices  June 1, 2012 Version 1)

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