Prerequisite

• Access the Business Impact Analysis (RI405) menu.

Introduction

Business Impact Analysis (BIA) is one of the fundamental steps in the business continuity and corporate risk management process. Its main objective is to identify and assess the consequences that the interruption of critical processes can have on the organization's operations.

In SoftExpert Risk, the Business Impact Analysis menu (RI405) allows you to conduct this study in a structured way, integrated into the risk management process. The user can register the areas involved, the processes affected, the impact indicators, the recovery times (RTO/RPO), and other relevant information.

This article will demonstrate how to create a business impact analysis.

Create a business impact analysis

1. Access the Business Impact Analysis (RI405) menu.

2. Click the Create button.

3. Fill in the required fields: Identifier, Name, Context, Business Unit, and Responsible Person.

4. Save the record.

5. In the Assessment tab, fill in the fields related to the BIA and save the record again.

6. To release the created version of the analysis, click Accept review and then Confirm.

7. The registered business impact analysis will be displayed in the menu's record list. If desired, other actions are available in the toolbar:

	This button allows you to view and edit the analysis data.
	This button allows you to enable or disable analysis.
	This button allows you to delete the analysis.

Conclusion

Business impact analysis allows you to identify the organization's critical functions and understand the potential effects of an operational disruption.