Answered Essay: Business Impact Analysis (BIA) 1) Please read the business impact analysis process

Business Impact Analysis (BIA)

1) Please read the business impact analysis process located at

http://www.ready.gov/business-impact-analysis

by right clicking and Open in New Window.

2) Complete the attached business impact analysis worksheet above for the same scenarios located at

http://www.ready.gov/risk-assessment

to view right clicking and Open in New Window.

Ready Business Business Impact Analysis Worksheet Department/Function Process Operational & Financial Impacts Operation Impacts Timing/Duration Financial Impact

Expert Answer

Ans: A typical BIA worksheet is given below.

S.No. Event Timing / Duration Operational impact Financial impact
1 Fire 30 min in the morning 3 persons to be hospitalized for minor burns, work impacted for 3 hours Property worth $10000 gutted. Treatement costfor injuries $2000
2 Electricity failure 2 hours during work hours Power back uipp to be used for for 2 hours Insignificant
3 Earthquake Tremors lasted 13 sec. Recovery took 9 days Work could be resumed after 15 days Property worth $2.5 Million destructed, work worth $5 millions lost
4 Internet connectivity failure 50 min. during work hours Work disrupted for duration. lost sales $15000,
5 Labor unrest 5 days before start of peak sales time No work for 5 days $2.4 millions lost in business
6 AC failure 12 hours during peak summer time All perishables in the stores rotted $1000 loss to the store
7 Robbery 15 minutes at the time the cash was being counted Work disrupted for half a day $150000 looted
8 Curfew Communal clashes before major festival Potential sales lost Loss of $30000 estimated
9 Flood Land connections disrupted for 3 days following inundation Workplace shut for 3 days Loss of $0.7 Million
10 Heavy rain Rail and road traffic affected for 3 hours in the morning Work stated late by 3 hours Business worth $10000 was lost
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