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Business Impact Analysis (BIA) Template for DORA

Optimize your DORA strategy with our BIA Template, assessing processes, resources, and risks to enhance recovery and resilience plans.

Identify Key Business Processes

Assess Critical Business Functions

Determine Resource Dependencies

Evaluate Potential Disruptions

Analyze Financial Impacts

Identify Recovery Objectives

Develop Mitigation Strategies

Document BIA Findings

Approval: BIA Findings

Review Existing Risk Assessments

Update Recovery Time Objectives

Approval: Risk Assessments

Establish Communication Protocols

Conduct BIA Training

Approval: Final BIA Report

Identify Key Business Processes

Ever wondered which business processes are truly the backbone of your organization? This task focuses on unearthing these pivotal processes that keep everything running smoothly. By pinpointing these critical operations, we can maintain the delivery of key products and services.

Expect to encounter complexities as we dig deep into each process, but fear not: clarity will emerge. Utilize tools such as process mapping software to visualize the steps and interconnections.

Department Identification

1

1. Operations
2

2. Sales
3

3. Marketing
4

4. Human Resources
5

5. IT

Target Completion Date

Process Owner Name

Process Mapping Tasks

1

1. Brainstorm Process Steps
2

2. Organize Step Sequence
3

3. Identify Stakeholders
4

4. Validate Process
5

5. Document Process Flow

Responsible Team Member

Assess Critical Business Functions

Wondering how critical each business function is? This task sets the stage to evaluate the importance of different business functions. The goal is to focus on priorities when facing disruptions, ensuring a smooth ride even through turbulence.

Several criteria, like revenue impact and legal obligations, help position each function. Keep an eye open for the nuances, as they help paint a clearer picture of what makes each function tick.

Evaluation Criteria

1

1. Financial Impact
2

2. Customer Satisfaction
3

3. Legal Obligations
4

4. Employee Dependence
5

5. Operational Continuity

Function Priority Score

Critical Function Notes

Critical Functions Checklist

1

1. Define Function Scope
2

2. Determine Function Importance
3

3. Assess Impact of Disruptions
4

4. Identify Dependencies
5

5. Record Assessment Details

Function Owner Email

Determine Resource Dependencies

In this task, we'll unravel the intricate web of dependencies essential for business operations. Knowing what resources each function relies on is vital for building resilience. Are there undiscovered dependencies that could halt your business?

Watch out for hidden challenges that may lurk beneath the surface. Utilizing resource management tools and auditing current inventory can shine a spotlight on potential gaps. Equipped with this information, crafting contingent plans becomes a breeze.

Resource Type Selection

1

1. Human Resources
2

2. Technology
3

3. Facilities
4

4. Suppliers
5

5. Financial

Description of Dependency

Dependency Verification Steps

1

1. Identify Key Resources
2

2. Document Resource Details
3

3. Contact Resource Managers
4

4. Verify Criticality
5

5. Record Dependencies

Assigned Resource Analyst

Resource Contact Name

Evaluate Potential Disruptions

Preparing for 'what ifs' is crucial. This task guides us through identifying potential disruptions and their impacts on the business environment. What could go wrong? How will it influence daily operations? Let's explore hypothetical scenarios to guard against the unforeseen.

An analytical approach is vital. Assemble scenarios using risk assessment tools and simulations to cultivate a culture of readiness and responsiveness.

Disruption Types

1

1. Natural Disasters
2

2. Cyber Attacks
3

3. Supply Chain Failures
4

4. Market Shifts
5

5. Legislative Changes

Primary Disruption Identifier

Disruption Impact Analysis

1

1. Describe Potential Disruption
2

2. Analyze Immediate Effects
3

3. Calculate Long-term Effects
4

4. Identify Mitigation Strategies
5

5. Document Findings

Impact Summary

Impact Analysis Lead

Analyze Financial Impacts

In this task, we analyze how potential disruptions could affect finances. Is your business financially prepared for those rainy days? By exploring financial impacts, we unearth vulnerabilities that require attention, promoting robust financial health.

Financial models and reports, although complex, light our path by simplifying calculations. Dive into the numbers and extricate risks before they arise.

Financial Impact Assessment Level

1

1. Minimal
2

2. Moderate
3

3. Significant
4

4. Critical
5

5. Catastrophic

Estimated Financial Loss

Financial Impact Evaluation Tools

1

1. Cash Flow Analysis
2

2. Profit and Loss Statements
3

3. Financial Projections
4

4. Debt Structures
5

5. Investment Portfolios

Financial Analyst Member

Financial Impact Description

Identify Recovery Objectives

What marks a successful recovery for your business? Chart recovery pathways to guide the journey back to normalcy after disruptions. Identifying clear, objective-led targets helps focus efforts and resources efficiently.

Challenges are inevitable, but strategic foresight helps navigate uncertainties, setting a benchmark for practical recovery timelines.

Recovery Plan Steps

1

1. Define Recovery Goals
2

2. Assign Recovery Teams
3

3. Establish Milestones
4

4. Review Resource Needs
5

5. Document Plan and Metrics

Objectives Description

Recovery Objective Lead

Recovery Team Member

Recovery Objective Priority

1

1. High
2

2. Medium
3

3. Low
4

4. Critical Path
5

5. On Hold

Develop Mitigation Strategies

Preventive measures can shield businesses from some disruption impacts. This task explores ways to fortify your business landscape with robust mitigation strategies. What fortifications can protect your business?

Resources such as risk assessment frameworks and incident response plans will show the way. Navigate the path by anticipating obstacles and proactively devising barrier strategies.

Mitigation Strategy Types

1

1. Risk Avoidance
2

2. Risk Reduction
3

3. Risk Sharing
4

4. Risk Retention
5

5. Risk Transfer

Strategy Implementation Steps

1

1. Identify Risks
2

2. Develop Mitigation Options
3

3. Implement Strategies
4

4. Monitor Effectiveness
5

5. Update as Needed

Mitigation Strategy Name

Mitigation Strategy Lead

Mitigation Description

Document BIA Findings

Ready to document the fruit of your efforts throughout the BIA process? This task guides us through compiling and articulating our detailed BIA findings. What discoveries steer us in safeguarding business continuity?

Presented findings provide clarity and resolve, paving the way for informed decision-making and continuous improvement of strategies.

BIA Summary Notes

Upload BIA Report

Documentation Tasks

1

1. Compile Findings
2

2. Review Content
3

3. Edit for Clarity
4

4. Save Final Document
5

5. Share with Stakeholders

Subject

BIA Findings Summary

Body

Documentation Lead

Approval: BIA Findings

Identify Key Business Processes
Will be submitted
Assess Critical Business Functions
Will be submitted
Determine Resource Dependencies
Will be submitted
Evaluate Potential Disruptions
Will be submitted
Analyze Financial Impacts
Will be submitted
Identify Recovery Objectives
Will be submitted
Develop Mitigation Strategies
Will be submitted
Document BIA Findings
Will be submitted

Review Existing Risk Assessments

Do current risk assessments align with new insights? This task invites reevaluation of existing assessments in light of fresh data. Are we missing potential risks, or have new opportunities arisen?

Take a second look with a fresh perspective using up-to-date methodologies and data, facilitating risk-aware business decisions.

Risk Assessment Revision Level

1

1. Minor Adjustments
2

2. Moderate Update
3

3. Significant Overhaul
4

4. Complete Rework
5

5. No Changes Needed

Risk Review Steps

1

1. Gather Latest Data
2

2. Identify New Threats
3

3. Evaluate Current Assessments
4

4. Propose Changes
5

5. Finalize Updates

Review Feedback

Risk Assessor Name

Upload Revised Risk Assessment

Update Recovery Time Objectives

How quickly can your business resume operations post-disruption? Updating recovery time objectives reflects changes in business priorities and technology advancements. What adjustments are necessary to meet evolving conditions?

An accurate RTO serves as a beacon, orienting your business's recovery pathways effectively.

Revised Recovery Time Objective Hours

Factors Affecting RTO