Why your BIA method matters
- Published: Thursday, 17 September 2015 08:44
In this paper, Stephen Massey describes why BIA is so important in the establishment of an effective BCMS and which methods yield the most efficacies; how organizations must avoid confusing efficiency for efficacy and; why the BIA process must be treated as a learning and development exercise.
Organizations wishing to implement robust business continuity programmes have a requirement to conduct business impact analysis (BIA). Given the complexity of the BIA process and, the limited resources available to collect data, there is a requirement to identify efficacious collection methods to support business units and business continuity practitioners in completing the task so that effective risk assessment and business continuity planning can take place. However, which method is the most efficacious and what are the factors affecting efficacy? This paper attempts to answer this and the following questions using the scientific method:
- What are the methods commonly used to collect BIA data?
- What does efficacy look like?
- What is the most efficacious method of collecting accurate BIA data?
- Is integration with business continuity training and awareness initiatives viable?
Read the paper (PDF)