Business Impact Analysis Questionnaire Template
A Business Impact Analysis (BIA) questionnaire is used to get a documented analysis of the impact caused by certain business operations. It is used by risk management or business development teams to know about critical business processes, dependencies, resources, and recovery requirements from key stakeholders.
The information gathered helps businesses to plan recovery strategies to come out of crisis.
Feature of Business Impact Analysis Questionnaire Template
Identify your business weaknesses with this BIA Questionnaire
Benefits of this Business Impact Analysis Questionnaire Template
Easily Identify Critical Processes
This template with its 20+ question types helps in sourcing and documenting the critical business processes that are important for the organization's operations. This ensures that focus is placed on the most important areas that need immediate attention during a crisis.
Proper Allocation of Resources
SurveySparrow’s report analysis helps in understanding the dependencies and resources required for each critical process. Businesses can better allocate resources and ensure that necessary resources are available where they are needed most during recovery efforts.
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Informed Decision-Making
The responses of the BIA questionnaire give valuable insights into the potential impacts of disruptions. Share the template with your team to collaborate and make informed decisions about risk mitigation and recovery strategies.
Enhanced Recovery Planning
Create an exclusive dashboard to visualize data and develop comprehensive recovery plans. Knowing the recovery requirements from key stakeholders allows businesses to prepare and implement effective recovery strategies, minimizing downtime and loss.
Who fills out this questionnaire?
The BIA questionnaire is filled out by key stakeholders and representatives from various departments within an organization.
- IT personnel
- Business development team
- Human resources (HR) team
- Finance and accounting staff
- Operations managers
- Risk management personnel
- Supply chain managers
- Marketing and communications personnel
Business Impact Analysis Sample Questions
- What are the critical business operations that must continue during a crisis?
- What are the key resources required to perform these functions (e.g., staff, equipment, systems)?
- What alternative does the company have if there is no internet?
- How would a disruption impact day to day operations?
- What would be the financial impact of a disruption (e.g., lost revenue, additional costs)?
- How would a disruption affect your ability to serve customers?
- What resources are required to recover critical functions (e.g., roles, expertise, tools)?
- How will you communicate with your team and stakeholders during a disruption?
- How likely are these risks to occur, and what would be their impact?
- What measures are in place to mitigate these risks?
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