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Volume 28, Issue 2

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Tuesday, 02 July 2013 11:48

12 Tips, Trips & Traps: The Business Impact Analysis (BIA)

Business Continuity Management (BCM), like most corporate programs, is often plagued by common mistakes; these common mistakes also apply to the Business Impact Analysis (BIA. The following are some common mistakes that need to be addressed to ensure that the BIA is effective:

1. Minimal Management Support – Senior management must buy in to the need for continued maintenance of the BCP program. The program requires on-going resources to ensure that the program is funded and there are dedicated resources assigned across the organization. The people who head up the BCP program must have the requisite training, as well as the skills to provide leadership, prioritize tasks, communicate with stakeholders, and manage the program.

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http://stoneroad.wordpress.com/2013/07/01/12-tips-trips-traps-the-business-impact-analysis-bia/