Identify Potential Vulnerabilities and Threats
Organizations that cannot identify their critical business functions and do not know the impact of these functions, may face catastrophic business loss if a possible unwanted event occurs. A Business Impact Analysis (BIA) will identify the critical functions of your organization and encourages you to identify strategies to cope with any potential disruption, so that you can maintain your business.
Business Impact Analysis from Vertical Solutions provides both qualitative and quantitative measures of impact to your company in the event of a business process disruption. It is an essential part of the business continuity planning process that helps you understand your financial and operational exposures in the event of an interruption.
SAMPLE BUSINESS CONTINUITY PLAN
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Identify Existing Mission Critical Systems
Detect costs linked to failures, such as loss of cash flow, replacement of equipment, salaries for processing accumulated work, or loss of profits. Assess the possibilities of failure’s impact on safety, finances, marketing, legal compliance, and quality assurance.
Align Investment Priorities
Quantify the importance of business components and identify the funds needed to protect the functions that are most critical to your business and its stakeholders.
Key Components
- Business Continuity Test
- Business Recovery Plan
- Reveal Vulnerabilities
- Strategies For Minimizing Risk
- Identify and Prioritize Recovery
- Create Function Descriptions
- Document Dependencies
- Determine Financial and Operational Impacts
- Identify Recovery and Technology Resources
- Work-Around Procedures
- Regulatory Reporting
Vertical Solutions provides in-depth expertise and delivers real business value - tailored to your needs. Headquartered in Pittsburgh, Pennsylvania, we offer the highest level of on-site and remote IT services and accounting software in the mid Atlantic. Contact us to see how we can help you with your risk management and risk assessment needs.