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Doing a business impact analysis is a major part of any disaster recovery process. This vital step measures data and gets into reality the issue of any data losses that can negatively hurt your company.
Most businesses usually take into consideration disaster recovery. Typical business continuity plans focus on keeping the current business running smoothly and do not really consider business after disaster. A companies impact analysis does not only focus on unpredicted disasters, but on ALL potential business stopping problems.
Has there ever been a time when you imagined a worst case scenario where maybe a fire started and destroyed all your data on your computer or even if your car got broken into and your laptop was hijacked. Your first major thought is how your just lost your laptop, but then as you start to think even harder you realize how valuable the actual data is that resides on the harddrive. You start to realize the actual computer or hardware can eventually be replaced, but the years of your data is gone and will never be replaced.
Taking this approach to risk evaluation allows your management team to view the overall risks and possible impacts on the business in a very methodical way. This will help provide higher quality business decisions and provide an audit path that shows the management team is paying very close attention to possible disasters to the company. In closing, the key business tasks are to safeguard the people, shield the business assets, safeguard company data and to make sure the companys reputation is not ever put at stake.
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