Business Impact Analysis Application

What is Business Impact Analysis?

Business impact analysis is the practice of identifying and prioritizing business processes as well as resources that need to be recovered in the event of a business process failure. Having a business impact analysis plan helps organizations predict outcomes from disruptions and gain the insight needed for recovery strategies. 

Business Impact Analysis in Risk Cloud

Risk Cloud™ is a cloud-based platform with a suite of pre-built Applications that transforms the way you manage GRC processes by combining expert-level content and service with easy, no-code technology.

Risk Cloud’s Business Impact Analysis Application is aligned with NIST SP 800-34 Rev. 1 guidance and developed with input from LogicGate’s Information Security Team. This Application helps organizations identify outage impacts, estimated downtime, resource requirements, and recovery priorities for resources in the event of a business process failure. 

Automate Business Impact Analysis Processes

Automate Business Impact Analysis Processes

  • Access pre-built repository forms to document critical business processes and resources as well as critical contingency metrics
  • Auto-calculate your business and resource priorities in accordance with Business Impact Analysis inputs
  • Create Business Impact Analysis records automatically in accordance with your organization’s pre-determined cadence
  • Trigger messages to notify process owners when a new Business Impact Analysis is required

Report Business Impact to Stakeholders

  • Prioritize business needs with real-time status reporting
  • Visualize data with table reports, visual reports, and a dashboard to track Business Impact Analysis progress
  • Track resources that need to be recovered in the event of a business process failure
Report Business Impact to Stakeholders
Recover From Incidents Faster

Recover From Incidents Faster

  • Identify outage impacts, estimated downtime, resources requirements, and recovery priorities for resources, including IT systems/assets
  • Leverage pre-built workflows to describe the impact to the organization if a business process were not performed or delayed and capture recovery objects including:
    • Maximum Tolerable Downtime
    • Recovery Time Objective
    • Recovery Point Objective
    • Impact to FIPS 199 Categories of Loss
    • Impact to Additional Categories

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