Identifying The Right Impact Categories for Your BIA and How to Rate Them

Identifying the right impact categories is a famously confusing aspect of the business impact analysis (BIA). It is also critically important since the choice influences the order in which the various business processes and units will be restored in the event of a disruption. Impact categories are the aspects of your business you look at in assessing the negative effects of disruptions of varying lengths. There is no universal list of impact categories that works in all industries. Every organization chooses a few such categories based on its unique situation. What impact categories should your organization be focusing on? The…