You can’t predict exactly about future, although you have already make some risk assessment plan. Your strategies could be failure due to delay of supply and goods, power failure, human resources and any other reason. This business impact analysis is defining role for manager about how to implement potential strategies for this. Using these Microsoft word excel template you can capable to arrange things, which isn’t include your plan yet.
This system notifies you regarding your financial or operating system failure, tracking system identifying you exact area of lacking management. It’s also helps you creating cost benefit analysis or assessment plan.
- Loss of Customer Satisfaction
- Loss of Financial planning management
- Increase Emergency expenses
- Contractual penalties or loss of contractual bonuses
Change Impact Analysis Template
This will impact in major type of businesses but especially in inventory management or SAP-Based system where tons of goods and cash transaction transfer at regular interval of time. Due to minor inconvenience your business will be disturbed regarding management. These template gives of exact analysis approach like how to start and which factors are address first?
How to Conduct the BIA
First of all you should collect questionnaires from your entire department, each one has own issues regarding financial, project plan, resources and others. Make a list and sort out bigger one for example summer season next to come and you still not prepared for it regarding power backups.
Business Impact Analysis Report
After collection of disrupted system factors, make a report and send to your assigned manager or company’s CEO. Make sure your summary plan include all potential disrupted strategies like how to overcome any emergency scenario?
Business Continuance Plan
It’s also called BCP, systematic approach to overcome any vulnerability. Risk factor will be explained in it deeply. How much Impact analysis of any failure? And what about risk mitigation plan?
One thing make sure you don’t ignore any little factor in it, organization system are attached with a chain, one department connected with other for example you IT department lack something, so this will impact on your entire system not only that department. This plans same but contrast of SWOT analysis. Just in this study your main objective is to develop some strategies of inner organization system.
Some other plan exists with this like disaster recovery plan or implementation plan, so you can take help during planning it. Here you can Download Checklist Template.
When Change Impact Analysis Exist?
This impact analysis exist when backlog of work, Equipment failure, lack of resources, salaries paid to catch up, disturbed chain of financial transaction and other factors.
A professional business can’t afforest any disturbed system which directly or indirectly impact on customers or potential customers, so if you don’t hire yet any qualified person to take control of this than you may loss something big in nowadays age. Your competitors always keen to identify your weaknesses and pull the trigger on. If you have any question about Change Impact Analysis Template than not hesitate to comment us.