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Business continuity impact analysis identifies the effects resulting from disruption of business functions and processes.It also uses information to make decisions about recovery priorities and strategies.
Resources include: Since all resources cannot be replaced immediately following a loss, managers should estimate the resources that will be needed in the hours, days and weeks following an incident.
The worksheets Operational and Financial Impacts and Business Continuity Resource Requirements should be distributed to business process managers along with instructions about the process and how the information will be used.
Strategies may involve contracting with third parties, entering into partnership or reciprocal agreements or displacing other activities within the company.
Staff with in-depth knowledge of business functions and processes are in the best position to determine what will work.
Recovery strategies require resources including people, facilities, equipment, materials and information technology.
An analysis of the resources required to execute recovery strategies should be conducted to identify gaps.This strategy also assumes that the surviving site has the resources and capacity to assume the work of the impacted site.Prioritization of production or service levels, providing additional staff and resources and other action would be needed if capacity at the second site is inadequate.Insurance does not cover all costs and cannot replace customers that defect to the competition.A business continuity plan to continue business is essential.Utilization of other owned or controlled facilities performing similar work is one option.Operations may be relocated to an alternate site - assuming both are not impacted by the same incident.Possible alternatives should be explored and presented to management for approval and to decide how much to spend.Depending upon the size of the company and resources available, there may be many recovery strategies that can be explored.If a facility is damaged, production machinery breaks down, a supplier fails to deliver or information technology is disrupted, business is impacted and the financial losses can begin to grow.Recovery strategies are alternate means to restore business operations to a minimum acceptable level following a business disruption and are prioritized by the recovery time objectives (RTO) developed during the business impact analysis.