How to build a matrix for your business impact analysis

A matrix for your business impact analysis doesn’t need to be complicated. It’s really a compilation of the information you’ve gathered through the business impact analysis process, tailored to the needs of your organization.

A sample matrix spreadsheet can include the following columns:

 

  1. Business function name
  2. Business function definition
  3. Business unit
  4. Outage duration (One: from 0 to 12 hours; Two: from 12 to 24 hours; Three: from 24 to 72 hours; Four: from 72 hours to 1 week; Five: over a week)
  5. Financial impact (low, medium or high for each level of outage duration)
  6. Operational impact (low, medium or high for each level of outage duration)
  7. Regulatory or legal impact (low, medium or high for each level of outage duration)
  8. Customer impact (low, medium or high for each level of outage duration)
  9. Reputation impact (low, medium or high for each level of outage duration)
  10. RTO
  11. RPO
  12. Dependencies
  13. Can IT meet RTO?
  14. Technology RTO

Throughout the process, keep in mind that your business impact analysis eliminates the need to guess, helping you make good decisions when a crisis occurs.

Download the Definitive Guide to Business Continuity Planning to learn more.