This is an example of a Business Impact Analysis (BIA) for a fictional company called TechNova Solutions. Feel free to use it as a template when creating your own BIA. Probable areas of editing are wrapped in brackets.
Company Overview
[COMPANY NAME: TechNova Solutions] is a mid-sized software development company specializing in cloud-based enterprise solutions. Founded in [YEAR: 2010], the company has [NUMBER: 250] employees and serves [NUMBER: 500+] clients across [REGIONS: North America and Europe].Critical Business Functions
1. Software Development and Maintenance
- Description: Core product development and ongoing maintenance of existing software solutions.
- Impact of Disruption: High
- Financial: $[AMOUNT: 100,000] per day in lost productivity
- Operational: Delays in product releases, potential breach of client contracts
- Reputational: Decreased client trust, potential loss of market share
- Maximum Tolerable Downtime (MTD): [TIME: 24 hours]
- Recovery Time Objective (RTO): [TIME: 4 hours]
- Recovery Point Objective (RPO): [TIME: 1 hour]
2. Customer Support
- Description: 24/7 technical support for clients using our software solutions.
- Impact of Disruption: High
- Financial: $[AMOUNT: 50,000] per day in potential contract penalties
- Operational: Backlog of support tickets, decreased client satisfaction
- Reputational: Negative reviews, potential client churn
- Maximum Tolerable Downtime (MTD): [TIME: 4 hours]
- Recovery Time Objective (RTO): [TIME: 1 hour]
- Recovery Point Objective (RPO): [TIME: 15 minutes]
3. Sales and Marketing
- Description: Client acquisition, contract negotiations, and marketing campaigns.
- Impact of Disruption: Medium
- Financial: $[AMOUNT: 75,000] per week in potential lost sales
- Operational: Delays in the sales cycle, ineffective marketing campaigns
- Reputational: Missed opportunities, potential market share loss
- Maximum Tolerable Downtime (MTD): [TIME: 72 hours]
- Recovery Time Objective (RTO): [TIME: 24 hours]
- Recovery Point Objective (RPO): [TIME: 24 hours]
4. Human Resources
- Description: Employee management, payroll, and benefits administration.
- Impact of Disruption: Medium
- Financial: Minimal direct impact
- Operational: Delays in hiring, potential compliance issues
- Reputational: Decreased employee satisfaction
- Maximum Tolerable Downtime (MTD): [TIME: 1 week]
- Recovery Time Objective (RTO): [TIME: 48 hours]
- Recovery Point Objective (RPO): [TIME: 24 hours]
5. Finance and Accounting
- Description: Financial management, invoicing, and expense tracking.
- Impact of Disruption: Medium-High
- Financial: Potential cash flow issues, delayed invoicing
- Operational: Inability to process payments or expenses
- Reputational: Decreased trust from vendors and partners
- Maximum Tolerable Downtime (MTD): [TIME: 48 hours]
- Recovery Time Objective (RTO): [TIME: 12 hours]
- Recovery Point Objective (RPO): [TIME: 4 hours]
Critical Resources
1. IT Infrastructure
- Cloud Servers (AWS): Hosts all company software and data
- Development Environments: Local and cloud-based tools for software development
- Customer Relationship Management (CRM) System: Manages all client data and interactions
- Voice over IP (VoIP) Phone System: Used for customer support and sales calls
2. Personnel
- Software Developers: [NUMBER: 100] employees
- Customer Support Representatives: [NUMBER: 50] employees
- Sales and Marketing Team: [NUMBER: 30] employees
- Human Resources Staff: [NUMBER: 10] employees
- Finance and Accounting Staff: [NUMBER: 15] employees
3. Physical Assets
- Main Office: [LOCATION: San Francisco, CA]
- Satellite Offices: [LOCATIONS: New York, NY; London, UK]
- Data Center: [LOCATION: Dallas, TX]
Potential Threats and Vulnerabilities
- Cybersecurity Incidents
- Data breaches
- Ransomware attacks
- Distributed Denial of Service (DDoS) attacks
- Natural Disasters
- Earthquakes (San Francisco office)
- Hurricanes (New York office)
- Floods (London office)
- Technology Failures
- Cloud service provider outages
- Network connectivity issues
- Hardware failures
- Human Factors
- Employee errors
- Insider threats
- Key personnel unavailability
- External Factors
- Power outages
- Supply chain disruptions
- Regulatory changes
Interdependencies
- Software Development depends on:
- IT Infrastructure
- Development Environments
- Software Developers
- Customer Support depends on:
- CRM System
- VoIP Phone System
- Customer Support Representatives
- Software Development (for bug fixes and updates)
- Sales and Marketing depend on:
- CRM System
- VoIP Phone System
- IT Infrastructure
- Human Resources depends on:
- IT Infrastructure
- HR Management Software
- Finance and Accounting depend on:
- IT Infrastructure
- Accounting Software
- Banking Systems
Conclusion
This Business Impact Analysis highlights the critical functions, resources, and potential vulnerabilities of [COMPANY NAME: TechNova Solutions]. It serves as a foundation for developing a comprehensive Disaster Recovery and Business Continuity Plan. Regular reviews and updates of this analysis are crucial to maintain its relevance and effectiveness.
[NAME: Jane Doe][TITLE: Chief Information Officer]
[DATE: September 12, 2024]