I recently saw an article that said the most commonly searched questions on Google in 2017 included “What is a solar eclipse?,” “What is bitcoin?,” and “What is a fidget spinner?”
At BCMMETRICS™ we don’t get quite as many inquiries as Google, but we get enough to detect some patterns in terms of what our web visitors are most interested in.
You won’t be surprised to learn that we aren’t asked a lot of questions about fidget spinners. What do people ask us?
Hands-down, the topic our web visitors show interest in above all others is the Business Impact Analysis (BIA). This is the most frequently searched-for topic on our website and the one we are most commonly asked about at business continuity events.
It makes sense that this is the case since, as you know, the BIA is the foundation for everything else we do in business continuity management. If you get the BIA wrong, you’re going to get everything that you build on it wrong too. What’s more, conducting the BIA is a highly public activity. If you don’t know what you’re doing, the people you’re interviewing will almost certainly find out. (Check out our blog post on the Human Side of Conducting BIAs.)
Therefore, it’s natural that people involved in conducting BIAs study up before they begin.
Today’s post is in response to the strong, persistent interest we see in advice on how to conduct a business impact analysis. In it, I’m going to share my 7 BIA Tips and Traps. These are some of the things I’ve learned to do and to avoid doing over the course of my 19 years in the field—19 years during which I’ve conducted thousands of BIAs.
So here they are, seven items total, alternating between tips for you to follow and traps for you to avoid:
Your goal is to align the BIA-derived RTOs and RPOs with IT disaster recovery capabilities. Identify the gaps in and devise solutions to cover them and meet your business needs.
One last point: Conducting BIAs is as much art as science. In fact, it might be more art than science given how much of it involves collaborating successfully with a wide range of people having highly varying degrees of knowledge and motivation.
Completing a BIA successfully requires more than a few BIA tips, it requires comprehensive preparation, skillful facilitation, and thoughtful analysis, followed by the careful validation of your results. You work hard to make your business a success—shouldn’t that include protecting your most critical assets? A BIA is the first step to ensuring that your business will continue to thrive in the event of disruptive external factors beyond your control.
We’d like to help you take this first step. The BIA On-Demand (BIAOD) tool makes it easy for you to pinpoint the most critical units of your business. Running in a secure portal, the tool walks you through a full evaluation of your business processes, including dollar and non-dollar impact as well as recovery time objectives. In the end, it automatically calculates the level of criticality of each unit you’ve chosen to evaluate and produces a detailed report of the results.
Visit our website to schedule a demo of how the BIA On-Demand tool works or to get in touch with questions. If you’re struggling with a BIA currently or want guidance through the process, we’re here to help.