What is business impact analysis (BIA)?
A business impact analysis (BIA) is a systematic process to determine and evaluate the potential effects of an interruption to critical business operations as a result of a disaster, accident or emergency. A BIA is an essential component of an organization's business continuity plan (BCP). It includes an exploratory component to reveal any threats and vulnerabilities and a planning component to develop strategies for minimizing risk. The result is a business impact analysis report, which describes the potential risks specific to the organization studied.
What is Emergency Management?
Emergency planning management refers to the coordination and management of resources and responsibilities pertaining to the mitigation of, preparedness for, response to, and recovery from an emergency. This includes the gathering, management, and analysis of big data for the purpose of integrating a data-driven approach into each phase of the emergency management cycle.
What is Crisis Management?
Crisis Management is an organization’s process- and strategy-based approach for identifying and responding to a threat, an unanticipated event, or any negative disruption with the potential to harm people, property, or business processes. Being prepared for any event to become a crisis requires a crisis management plan.
Crises can occur at any moment with or without warning, and can take many forms: natural disasters, active shooter scenarios, terrorist events, mass violence occurrences, and even global pandemics. Beyond any immediate threat to people, property, and processes, crises and critical emergency events often yield unpredictable and cascading effects on employee morale, brand reputation, customer satisfaction, and even the supply chain.
Proper planning for critical events includes establishing a crisis management team and developing a crisis management (CM) plan to keep people from harm, maintain business continuity, enable recovery from disaster, and protect assets before, during, and after a critical event occurs. Further, it is imperative that every organization validates and tests its CM plan and deploys the right emergency communications technology to support crisis response across the organization.