1. Business Continuity Management Body of Knowledge 3 or BCMBoK 3 provides the minimum expectation for a BCM professional in the area of Business Impact Analysis.

• Identify all Critical Business Functions (CBF), financial and non-financial impacts resulting from disruptions, resources needed to recover these CBFs, recovery objectives, inter-dependencies and vital records.
  • Develop business impact analysis methodology for data collection.
  • Establish criteria for recovery prioritization.
  • Identify and document CBFs, critical processes and critical application.
  • Qualify and/or quantify losses and impacts as a result of such interruptions.
  • Determine the tolerable downtime.
  • Identify the minimum resources needed to recover the critical business functions.
  • Determine Inter-dependencies and intra-dependencies.
  • Identify vital records needed for recovery
  • Analyze, report and present to executive management.

Related Terms: Business Impact Analysis.

BCMBoK 3: Business Impact Analysis Definitions

Business Continuity

B

C

I

M

Q

R

V

Disaster Recovery

B

C

I

M

Q

R

V