7 Simple steps for improved Business Impact Analysis

Not an exhaustive list, but a handful of simple steps to help get control of business impact analysis activities, and reduce the gap between planning and action.

Too often, BIA activities become checkbox activities. We’d like to show you how you can make this process more engaging, interactive and meaningful.

So much time is wasted in organisations with outdated practices. We believe that implementing a software that enables the following steps can be achieved with little to no cost once efficiencies are factored in, while making your activities to mitigate risk considerably more effective.

1. Automated workflows save time and effort

Are you using spreadsheets and emails to track impact assessment and risk management activities for your organisational unit owners? Make sure your Business Continuity Management software allows you to assign track and alert stakeholders of work that needs to be done.

2. Dynamic and automated reports

When reports are dynamic and automatically produced, with exec level access and visibility. Organisational unit owners are more likely to keep their data up to date and accurate, and your Business Continuity professional no longer gets leaned on to slow down reporting.

3. Template and replicate organisational level data

Your BIA’s and Business Continuity plans should have compulsory and selectable components that can be updated once and replicated across all reports and action plans. When key contact details change, or updates are required in response to new learnings or regulations, update them in one place and have all documents across all units update automatically.

4. Provide unit specific checklists with guidance to ensure complete and consistent responses.

Checklists that guide your organisational units through the completion of their BIA will ensure accurate completion, on time, and in a uniform format across the organisation. These dynamic checklists will allow you to see who is on target to complete their tasks on time, and who might need some assistance.

5. Organisation wide dashboards

Each unit BIA should roll up to a global dashboard to give executive the data-driven insights they need to set actionable priorities with confidence

6. Streamlined compliance with international standards like ISO 22301

Automate audit logging of changes and approvals of plan templates and recovery strategies. Set up notifications for when exercises are due, and a dashboard to visualise all upcoming and recently completed exercises with action dashboards.

7. Manage incidents and action plans within the same software

When events occur, you don’t want people already stressed, trying to track down work documents and manual checklists. Make sure you have a Business Continuity Software that allows you to manage response activities in the same platform, significantly reducing training requirements and response effectiveness.

Want to know more about how we can help you put each of these steps in place and reduce the overall cost of your Business Continuity Planning activities? 

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