17/05/2021
Business impact analysis is a very important exercise now a days which helps plan for the inevitability of disruptions to a business and its different operations.
These include everything from lost sales and income, delayed sales or income, increased expenses, regulatory fines, contractual penalties, to a loss of customers or their dissatisfaction and a delay of new business plans.
And the scope of the exercise can be everything or limited to your utmost priority of:
• Financial Impact
• Legal Impact
• Operational Impact
• Reputational Impact
It is powerful tool to quantify the actual risk of disruption, measure your risk apatite and cost of disruption. And as a result, you can effectively plan countermeasures in precaution stage itself.
