ISO/TS 22317:2015 provides guidance for an organization to establish, implement, and maintain a formal and documented business impact analysis (BIA) process. This Technical Specification does not prescribe a uniform process for performing a BIA, but will assist an organization to design a BIA process that is appropriate to its needs.
A business impact analysis (BIA) predicts the consequences of disruption of a business function and process and gathers information needed to develop recovery strategies. Potential loss scenarios should be identified during a risk assessment. Operations may also be interrupted by the failure of a supplier of goods or services or delayed deliveries. There are many possible scenarios, which should be considered.
This program will help participants to identify the tools to carry out an effective Business Impact Analysis in line with ISO 22301. Participants will learn to know about managing and coordinating a Business Impact Analysis, including defining objectives, preparing reports and gaining senior buy-in for a business continuity plan.
At the end of the training, participants are expected to:
- Understand the principles of Business Impact Analysis and how it contributes to BCM;
- Learn how to identify and prioritize critical business functions
- Be confident outlining financial and operational risks to critical functions
- Learn how to collect data, present findings, and prepare Business Impact Analysis.
Who Should Attend
- Functional Department Head
- Risk Management Officer
- Business Continuity Planner
- Floor managers / Team Leaders
The following are the subjects to be taken up during the workshop proper
- What is Business Impact Analysis
- Key terms used in BIA
- Alignment of BIA and Business Continuity Plan