Imagine a significant disruption, such as a cyberattack, a natural disaster, or a pandemic, hit your business. How would you cope with losing data, customers, revenue, or reputation? How would you recover your operations and resume your normal activities? How would you prevent or minimize the impact of such events in the future? These are …
3 Business Impact Analysis (BIA) Mistakes to Avoid
“You hit home runs not by chance but by preparation”- Roger Maris If you want to hit a home run within your organization with your business continuity program, then you need to prepare by conducting a proper business impact analysis and learning how to avoid costly BIA mistakes. When done right, the business impact analysis …
How to Maximize Your Business Impact Analysis (BIA)
We recently helped a client of ours discover that they could save a boatload of money (imagine a very big boat) by downsizing their on-premise data centers and moving their data to a cloud-based storage service. As an added bonus, this discovery also helped them avoid a significant expense in updating their on-site legacy systems, …
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Starting a Business Continuity Program
“Good is the enemy of great. And that is one of the key reasons why we have so little that becomes great.” -Jim Collins In his book, aptly named “Good to Great,” Collins uses this principle to explain why so many, from schools, government, and businesses, to individual people—squander their potential and stay stuck in …
Managing Uncertainty Podcast – Episode #124: Business Continuity Standards – Which is right for you?
In this episode of the Managing Uncertainty Podcast, Bryghtpath Principal & Chief Executive Bryan Strawser discusses Business Continuity standards and how they can help you improve your business continuity and resiliency program. Topics discussed include the ISO 22301 Standard for Organizational Resilience, NFPA 1600, and the ASIS Business Continuity & Crisis Management Standard. Related Episode …
Managing Uncertainty Podcast – Episode #112 – The Business Impact Analysis (BIA)
In this episode of the Managing Uncertainty Podcast, Bryghtpath Principal & Chief Executive Bryan Strawser discusses the Business Impact Analysis (BIA), how we approach the BIA process at Bryghtpath, and the value it can provide to your organization. Topics discussed include the Business Impact Analysis (BIA), the ISO 22301 Standard for Organizational Resilience, our approach …
Managing Uncertainty Podcast – Episode #112 – The Business Impact Analysis (BIA)Read More
What is a Business Impact Analysis (BIA)?
How many days can payroll be down before it impacts your business? What about the servers that power customer networks? Or that internal VPN employees use to work remotely? An hour? A day? A few weeks? If you’re like many companies we talk to, you may not know how long your business could survive without …
Validating your Business Impact Analysis Results
In an earlier post this year, I talked about the importance of validating the Business Impact Analysis (BIA) results. In today’s post, I want to address the actual validation process. In small to medium-sized organizations, a Business Continuity Manager will have easier access to senior leaders in order to gain alignment on BIA results. If you …