Risk Assessment and Business Impact Analysis

More Information

At the beginning of a business continuity or IT disaster recovery project OpsCentre facilitates an Executive Risk Assessment, drawing upon any pre-existing risk assessment work the organisation has completed, to identify the likelihood and consequence of a variety of specific threats that could cause disruption to the organisation. This is used to provide the context for further work on identifying impacts to your business and planning for continuity.

A Physical Risk Assessment is also performed to understand potential physical threats and vulnerabilities to which an organisation may be exposed to at their primary site (e.g. building characteristics, security, location etc) and to highlight recommendations.

The Business Impact Analysis (BIA) is a critical component of business continuity management as it captures the recovery timeframes and dependencies for an organisation’s critical business processes. This information is used to determine appropriate business continuity strategies. By identifying the impacts of a disruption to business processes, management can determine at what point in time these become intolerable and choose to invest in continuity strategies commensurate with their 'risk appetite'.

What are the objectives of the Business Impact Analysis?

•Prioritised recovery timeframes and dependencies (e.g. infrastructure, people, information etc) of critical business processes and objectives
•Minimum acceptable level of operation and resource capability required
•Interdependencies and how they may be affected by a disruption
•Quantification of possible financial, customer, reputation, legal & staffing impacts that may be experienced in the event of disruption to critical processes.

 

What is the OpsCentre Difference?

We engage with your Stakeholders

As well as Business Continuity, OpsCentre consultants are experienced in organisational change management, communications and project management. These are important skills in a BCP project because the Business Impact Assessment needs to be undertaken with the support and participation of stakeholders within the business and in a wholistic, systematic manner.

We know how to get to the 'real' requirements

It is not enough to come up with a 'wishlist' of timeframes that the business would like their IT systems and business functions to be back up and running within. The investment in business continuity is a risk\cost balance to be determined by senior management so our objective is to ensure that all of the 'business requirements' are well considered, challenged and wherever possible quantified.

We get it done

If Business Continuity and IT Disaster Recovery is left as just another project on someone's to-do list, it risks being bumped down the priority list when operational pressures arise. At OpsCentre, it's our job to get this done in a defined timeframe to ensure the results are fresh, current and relevant. We manage it as a project with a defined start and finish, status reporting and clear objectives. We identify any road blocks to success and work with you to blast these out of the way and keep things on track.

 

Do you need help with a Risk Assessment and Business Impact Analysis? Fill out the form below and let us know how we can help you. We will respond by your choice of phone or email within 24 hours.

 

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