Difference between revisions of "Part 2: Impact Area Of Business Functions v2.0"
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| Line 4: | Line 4: | ||
= '''Business Impact''' = | = '''Business Impact''' = | ||
| − | ==Businss Function and Function Code == | + | == '''Businss Function and Function Code''' == |
Refer to explanation found in [[Part 1: Identification of Business Functions v2.0| Part 1:Identification of Business Functions]] | Refer to explanation found in [[Part 1: Identification of Business Functions v2.0| Part 1:Identification of Business Functions]] | ||
Revision as of 16:38, 16 January 2020
Contents
Business Impact
Businss Function and Function Code
Refer to explanation found in Part 1:Identification of Business Functions
File:BIA ImpArea 2.0.jpg
Part 2: Impact Area of Business Functions
Impact Area: Hard (H)/ Soft (S)
- Hard Impact: Direct Financial Impact.
- Soft Impact: Indirect Financial Impact and Non-Financial Impact.
- Examples of Financial and Non-financial Impacts
- Basis for Calculating Hard and Soft Impact
- Total ($) Impact
- Calculate the total financial impact on your business unit if you did not carry out this business function for X calendar days.
- How Impact is Quantified
- Describe how this figure is made up, focusing on the most significant items. There could be contractual penalties, interest claims, missed business opportunities and loss of commission, expressed as a formula.
Quantification
- The amount from the direct financial impact in local currency, for a period of X days. Please state time period if it is less than X days as some business functions will cease to operate within one or two days after the disaster because there is no new transactions.
- Remarks: How is the hard impact quantified?
- Provide the workings or basis for computing the amount of loss. For example, $20,000 received per day multiplied by 2% interest payment for overdraft, multiply by X days of outage.
