The Business Impact Analysis (BIA) phase of writing your business continuity plan can seem like a daunting task. With the varying needs of each business comes different requirements for the BIA. That’s why KingsBridgeBCP has done our research and asked you, our customers, what your needs are for completing a BIA. And now, recently released in Shield, is a complely custom Business Impact Analysis tool. Read on to learn more about this great new feature!
Shield Silver – Now Includes Threat Risk Assessment (TRA) and Business Impact Analysis (BIA)
Shield Silver users now have access to a standard Threat Risk Assessment (TRA) and Business Impact Analysis (BIA) tool in Shield. The TRA covers standard threats most businesses might face. It also includes a simple survey to complete each assessment. Best of all, it prioritizes your threats for you as you complete the surveys.
Shield Silver users also gain access to a standard BIA. You define your business processes for each team. Then for each process you define:
- Maximum Tolerable Outage (MTO)
- Impact to the Business
- For Customers
- On Suppliers
- On employees
- Recovery Time Objective (RTO)
- Recovery Point Objective (RPO)
- Team Dependencies
- Resource Dependencies
A quick preview of the new survey:
Shield Gold – Activate Access to More Questions
In addition the features included in Shield Silver, Shield Gold users have access to more template questions. Access to each question can be turned on or off by your Plan Administrators. This allows more detailed information to be captured with each BIA survey, and ensures that you ask only the questions you need.
The new questions include the following topics:
- Alternate procedures
- Regulatory requirements
- Minimum staffing requirements
- Annual revenue considerations
- Fines and penalties
- Vital records
- Addition of impact to reputation, and quality of products and services
Shield Platinum – Create a Custom Business Impact Analysis tool
In addition to the features available in Shield Gold, Shield Platinum users can create their own custom Business Impact Analysis tool questions. Answer types can vary based on the question, some of which include:
- Time Unit
- Free Form Text Entry
Custom Business Impact Analysis tool Report and Data Export
The BIA Report, generated by Shield, still exists and is ready for you to use. It can be created after the TRA and BIA surveys have been completed. And all of the data can be exported into .csv format, so you can complete further detailed analysis.
Take some time to login to Shield today and check out these great new features for yourself. If you would like to learn more about how you can upgrade, or about any of our other awesome Shield features, send us an email to email@example.com. We’re here to Keep It Simple and Straightforward (K.I.S.S.) when it comes to planning your BCP!
KingsBridgeBCP offers businesses of all sizes BCP Software Solutions and industry know how based on best practices. We help build, exercise, and maintain Business Continuity Plans. Our services and software packages are customized to meet the wide range of our customers’ needs, ensuring we deliver the best value in every project. To learn more click here or check out our Services.