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Business Impact Analysis

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Publish time:05-19-2022

Business Analysis can be understood as a research discipline that helps you find the business needs and identify solutions to business problems. These solutions can be anything from Activity Diagram, Product Roadmap, SWOT Analysis, Impact Analysis, and more. There are several reasons for a business to use a business analysis, but some of the important ones are:

A business analysis diagram helpes you to understand the structure and the dynamics of an organization.
It generally helps you to understand current problems that are hampering the company's overall performance
It provides statistics that can help improve the overall performance of any company
It also helps you articulate the need for change.

In a Business Analysis model, Business Impact Analysis (BIA) plays a very crucial role. As you will see from the Business Impact Analysis image below, a BIA helps predict the consequences of disruption of a business function and gathers information needed to develop any or all recovery strategies.

As the Business Impact Analysis diagram illustrates, five elements play a crucial part in determining the criticality of any or all business activities to ensure the continuity of services even after the operation gets disrupted due to unforeseen circumstances. These five elements of a Business Impact Analysis are:

Executive Sponsorship
Understanding the Organization
BIA Tools
BIA processes; and BIA Findings

Creating a business impact analysis in EdrawMax Online is pretty simple. The free business analysis diagram maker comes with several features, like directly importing the data from the .csv file or creating one from scratch using free templates.

Login EdrawMax Online
Log in EdrawMax Online using your registered email address. If this is your first time accessing the tool, you can create your personalized account from your personal or professional email address.

Choose a template
EdrawMax Online comes with hundreds of free business analysis templates. Select a pre-designed template from EdrawMax Online by selecting the "Business" on the left navigation pane. Upon clicking, you will see several business-related diagrams, like Business Management, Project Management, Marketing, and more. Click on "Strategic and Planning," and it will open several different diagram types like Affinity Diagram, Competitive Analysis, and more. Click on the desired template or click on "+" in EdrawMax Online to create a Business Impact Analysis from scratch.

Customize the Diagram
Customize your business impact analysis by changing the symbols and shapes as required. With the easy drag-and-drop feature of EdrawMax Online, you can use all the relative elements from libraries.

Work on your research
The easiest way to conduct a Business Impact Analysis is by scheduling and then executing the risk assessment. While creating the BIA diagram, do mention the importance of such risk assessment documentation.

Export & Share
Once your business impact analysis design is completed, you can share it amongst your colleagues or clients using the easy export and share option. You can export the business impact analysis Diagram in multiple formats, like Graphics, JPEG, PDF, or HTML. Also, you can share the designs on different social media platforms, like Facebook, Twitter, LinkedIn, or Line.
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Blackwood
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Business Impact Analysis