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Business Impact Analysis and Recovery Strategies

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Added on  2023-04-22

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This article discusses the Business Impact Analysis (BIA) and recovery strategies in the event of a disaster. It covers the assessments carried out, determination of RTO, and priority of services. The recovery strategies include training, evacuation, manual handling, and first aid strategies. The article also talks about the BCP testing and crisis management plans.

Business Impact Analysis and Recovery Strategies

Fill out the application form for Business Continuity Management Institute Certification

   Added on 2023-04-22

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RUNNING HEADER: Management
Management
Name
Professor
Institution
Course
Date
1
Business Impact Analysis and Recovery Strategies_1
RUNNING HEADER: Management
Share what was being achieved in performing the BIA, i.e. assessments (quantitative/
qualitative and info gathered for assessments) being carried out, determination of the RTO
and priority of services/ critical activities
The BIA was carried out in order to critically analyze business functions existing and ensure
assessment of disasters in this particular organization. It was done with a goal to establish
Recovery Time objectives (RTOs) of an existing vital business activities and also evaluate the
required resources wanted in order to ensure continuous production (Dunaway,Murphy,
Venkatasubramanian,Palen, & Lopresti,2017). Before a crisis it is performed to assist smooth
recovery in case of occurrence of an anticipated incident. An effective BIA in this case quantity
the effect of loss from interruption of the business activities through financial perspective.
>> Pls. determine what were the recovery strategies in event of disaster i.e. services could
not be provided at main office/ business location.
Arrangements or provisions for training and creation of awareness on the team- as expressed
beforehand, training is important to guarantee convenient and proper reactions by staff
individuals to dangers or disaster circumstances in the working environment.
Training and awareness strategies ought to stretch out to the accompanying regions:
Evacuation strategies
Manual taking care of strategies
First aid strategies
2
Business Impact Analysis and Recovery Strategies_2

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