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In this episode of the Managing Uncertainty Podcast, Bryghtpath Principal & Chief Executive Bryan Strawser discusses the Business Impact Analysis (BIA), how we approach the BIA process at Bryghtpath, and the value it can provide to your organization. Topics discussed include the Business Impact Analysis (BIA), the ISO 22301 Standard for Organizational Resilience, our approach to the BIA here at Bryghtpath, and the value of the Business Impact Analysis. Related Episodes & Blog Posts Blog Post: What is a Business Impact Analysis (BIA)? Blog Post: Validating your Business Impact Analysis Results Blog Post: Why failing to validate your business impact analysis results is a huge mistake Episode #24 – The Traditional Business Impact Analysis (BIA) Episode #25 – To BIA or not to BIA Episode Transcript Hello, and welcome to the Managing Uncertainty podcast. This is Bryan Strawser, principal and Chief Executive here at Bryghtpath. And in this week’s episode, I’d like to talk about the business impact analysis or BIA. We’ll talk a little bit about what it means, how you go about doing one, our approach in doing so and what the value is in doing the BIA in your organization. I started off with kind of this question, which is how many days of payroll can you lose? How many days can your payroll function in your company be down before it impacts your business? What about the servers that power your product or platform that you provide to customers? Or what about your virtual private network, your VPN, that employees use the connect to your secure resources and work remotely, that you probably use a lot during COVID. An hour, a day, a few weeks a month? If you’re like many companies, we talked to you, you may not know how long your business can survive without critical systems and business processes. For that reason, a thorough business impact analysis or BIA is one of the most important steps that we take when we work with new clients. Here’s what a business impact analysis is, why it’s important and what you’re going to learn by doing one. So, what is the BIA? Well, the formal description of a business impact analysis from the ISO 22301 standard on organizational resilience is the process of analyzing the impact over time of a disruption to the organization. The process of analyzing the impact over time of a disruption to the organization. To say it more clearly, a BIA is a thorough examination that exposes the likely impact a business disruption will have on your revenue, expenses, operation, and reputation of your organization. On our blog post that accompanies this article, you’ll see an example of what our business impact analysis report might look like, including the impact over time across several different factors. The example we show is impact on compliance and regulatory obligations to your organization̵