I don’t know if it’s a seasonal thing but three of my client organisations are currently undertaking work related to their Business Impact Analysis. I’m not aware of any massive event or directive that has caused them to all suddenly and simultaneously embark on this activity so it’s an interesting coincidence.

Each one is at a different stage of their Business Continuity evolution so the actual work being undertaken is subtly different –in fact one of them hasn’t yet realised that they are in Business Impact Analysis territory.

If you have been reading my articles for any length of time you will know this is a topic I return to fairly often and I keep banging on about how important this element is in your Business Continuity or Resilience programme. It really is. You need this.

By way of a reminder, the Business Impact Analysis is the methodology or process through which an organisation can assess the potential impact of a disruption to services, products or processes. The results of the analysis quantify the damage or loss the organisation will face if it cannot operate normally and also identifies the dependencies necessary to sustain a particular entity.

In the current climate, many of your organisations will be embarking on, or considering the shift towards resilience as the step change in Business Continuity Planning and will possibly be thinking whether Business impact Analysis is still relevant. Of course it is.

Think of it as a decision making tool. By identifying and quantifying the impact and assessing it against the organisation’s risk appetite or tolerances, informed decisions can be made on strategies to be applied and possibly investments that need to be made. It’s worth highlighting here that these strategies and investments may be more preventative than reactive in the brave new world of resilience, including in some instances, applying changes to the business design.

Having worked in the industry for some time I wholly recommend keeping the methodology simple so that you can get this phase completed easily but more importantly so that you can interpret the results at the end. There are people out there who will seek to convince you that only through a long winded, time consuming, complex and probably expensive model will you be able to secure meaningful results and outputs. Be careful.

This is precisely why I developed my Simple and Effective Guide to Business Impact Analysis which provides step by step instructions on how to complete this phase and it is available to buy direct from my website. Feedback I have had from people who have bought the Guide has been very positive so when you are ready just click and buy to get your hands on a copy and you will be able to get started.

If you need any additional help in this area I will be happy to assist you.