M4D2: Conducting an optimum Business Impact Analysis
Considering what you know about a BIA and after reading Appendix H, respond to the following:
1. How can you achieve optimum business involvement when conducting a BIA?
As Peltier advocates, the entire BIA progression should be started with conducting awareness sessions to get everyone on board (Peltier, 2010). Both management and the rank and files should be reminded of the lost sales and income, deferred sales or income, increased expenses (from overtime, outsourcing and expediting costs), possible regulatory fines, contractual penalties and finally customer unhappiness/loss (Business Impact Analysis, n.d.).
2. Which steps and measures are necessary while a BIA is being conducted?
Considering what you know about a BIA and after reading Appendix H, respond to the following:
1. How can you achieve optimum business involvement when conducting a BIA?
As Peltier advocates, the entire BIA progression should be started with conducting awareness sessions to get everyone on board (Peltier, 2010). Both management and the rank and files should be reminded of the lost sales and income, deferred sales or income, increased expenses (from overtime, outsourcing and expediting costs), possible regulatory fines, contractual penalties and finally customer unhappiness/loss (Business Impact Analysis, n.d.).
2. Which steps and measures are necessary while a BIA is being conducted?