BIA ? Important For Business Continuity | Business Ideas

BIA i.e. business impact analysis is basically a cyclical plan that is run very well in advance by mostly all the businesses. The process includes planning, documenting, exercising and executing responses to all those events, which can occur anytime in future and can cause interruptions in a business working at any point of time. Many businesses till date have learnt that business impact analysis process is an important step that is initiated in the process of business continuity planning. With BIA, it basically becomes easier to understand the organization because a thorough and well executed BIA provides a company with all the related data that significantly eases the follow on steps in the Business Continuity cycle. According to many practitioners, a BC Plan or exercising a BC Plan is a very important component of business continuity planning but without a strong Business Impact Analysis, no organization could struggle neither to meet its audit nor compliance commitments.

Tips to recover from a business disaster

Business continuity planning serves as a domain of every enterprise including for a large financial institutions, which have to continue with trading even if major global disaster is ongoing. With the help of a business continuity planning, one can easily maintain an accurate systems inventory, which would enable a business to maintain an up-to-date inventory of all IT systems and applications. Business continuity planning also helps in creating a business case for disaster recovery planning as a good estimate can help in increasing the budget for disaster recovery planning. In every enterprise, it is important that the staff is facilitated with remote working facilities, which is technically more feasible to work in today?s world especially when the organizations are working with big advances in technology including VPN connectivity in larger organizations or cloud computing for small and medium businesses.

Source: http://bottlebalancer.com/bia-important-for-business-continuity/

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