Assessing and addressing Information Availability
Information Availability is crucial to business and it is vital to understand the threats and risks that the business may be vulnerable to. Threats and risks to your business are everywhere. They have likelihood of occurrence and associate impact – both of which may vary. Left unchecked, it is possible that an event (or series of events) could disrupt business, the supply chain – or even result in the failure of a business and organizations dependent upon it.

Phase 1 – Business Impact Analysis (BIA)

• Conducting a Business Impact Analysis and Risk Assessment enables you to put in place the appropriate prevention, containment and recovery strategies to protect your business from such Impacts.

Identify the following:

• The critical professes, priorities and single points of failure
• The key dependencies, both internal and external
• The inherent risks and vulnerabilities that may exist

Phase 2 – Risk Assessment (RA)

The RA provides a review of the business risks and threats, looking at physical, logical and procedural risks. It allows the business to act on recommendations to reduce their exposure to risks and vulnerabilities. As a result of both BIA and RA the business will have a better understanding of the impacts and risks facing it and will therefore be better positioned to determine priorities and timescales for continuity and be able to establish a risk mitigation process. This will form the basis for putting in place a viable continuity strategy.

Tags: business impact, ria, risk assessement

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Posted in Risk Assessment by Jeffrey Friedman Comments Off on Risk Assessment & Business Impact