Senior managers or a BCP Committee would normally: The BCP committee is commonly co-chaired by the executive sponsor and the coordinator.
The purpose of the BIA is to identify the organization's mandate and critical services or products; rank the order of priority of services or products for continuous delivery or rapid recovery; and identify internal and external impacts of disruptions.
Loss of image or reputation is especially important for public institutions as they are often perceived as having higher standards.
Since few organizations can afford to pay the full costs of a recovery; having insurance ensures that recovery is fully or partially financed.
If so, how much revenue, and for what length of time?
If clients cannot access certain services or products would they then to go to another provider, resulting in further loss of revenue?Once the critical services or products are identified, they must be prioritized based on minimum acceptable delivery levels and the maximum period of time the service can be down before severe damage to the organization results.To determine the ranking of critical services, information is required to determine impact of a disruption to service delivery, loss of revenue, additional expenses and intangible losses.This step determines what goods or services it must be delivered.Information can be obtained from the mission statement of the organization, and legal requirements for delivering specific services and products.Recognizing that some services or products must be continuously delivered without interruption, there has been a shift from Business Resumption Planning to Business Continuity Planning.A business continuity plan enables critical services or products to be continually delivered to clients.Instead of focusing on resuming a business after critical operations have ceased, or recovering after a disaster, a business continuity plan endeavors to ensure that critical operations continue to be available.September 11, 2001 demonstrated that although high impact, low probability events could occur, recovery is possible.This publication provides a summary and general guidelines for business continuity planning (BCP).While governments, not-for-profit institutions, and non-governmental organizations also deliver critical services, private organizations must continuously deliver products and services to satisfy shareholders and to survive.