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Business impact analysis template

Business impact analysis template

Protect your business with our impact analysis template. Identify critical processes, assess risks, and build organizational resilience.

Use this template with Lumiform

The Lumiform application helps frontline teams uphold internal standards effortlessly.
  • Customize this template or build your own
  • Fill out templates via mobile app
  • Assign and track corrective actions
  • Get reports and analyse your data
Prices start from ░░░ per month
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Learn more
or Download template as PDF
Business impact analysis template

Protect your business with our impact analysis template. Identify critical processes, assess risks, and build organizational resilience.

Use this template with Lumiform

The Lumiform application helps frontline teams uphold internal standards effortlessly.
  • Customize this template or build your own
  • Fill out templates via mobile app
  • Assign and track corrective actions
  • Get reports and analyse your data
Prices start from ░░░ per month
Book a demo
Learn more
or Download template as PDF

This business impact analysis template helps you identify and evaluate the potential effects of disruptions on your critical business functions. It covers essential components of a robust business continuity strategy, such as assessing financial impacts, determining recovery timelines, and planning preventive actions.

A Nationwide Insurance survey found that more than 75% of businesses don’t have a disaster plan in place, leaving them vulnerable to significant operational and financial losses. With this template, you can quickly document affected business activities and quantify potential losses so you can set actionable recovery plans.

Related categories

Preview of the template
Inspection
Business Impact Analysis
BIA details & business function:
Describe the event:
Which business activity is affected?
Potential financial loss:
Preventive action:
Expected recovery time (minimum):
Completion
Full name and signature of the inspector:
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Frequently asked questions

How do I determine which business activities to include in my business impact analysis template?

Focus on functions that directly generate revenue, serve customers, or support regulatory compliance. Evaluate each department’s core operations and identify processes that, if disrupted, would cause significant financial losses or reputational damage. Prioritize activities with time-sensitive dependencies or those requiring specialized resources for recovery.

How do I establish realistic expected recovery times in my business impact analysis?

Base recovery time estimates on actual technical capabilities and available resources, not wishful thinking. Consider dependencies on third-party vendors, specialized equipment availability, and staff expertise needed. Test your assumptions through tabletop exercises or simulations, and always include buffer time for unexpected complications that inevitably arise during real recovery situations.

What types of preventive actions should I document in my business impact analysis template?

Document both technical safeguards like redundant systems or data backups and procedural controls such as cross-training staff or maintaining alternative supplier relationships. Focus on practical measures that directly address identified vulnerabilities rather than generic solutions. Consider the cost-benefit ratio of each preventive action against the potential financial impact of the disruption.

How can I use this business impact analysis template to prioritize recovery efforts during an actual disruption?

During a disruption, refer to the financial impact figures and recovery time estimates to make informed decisions about resource allocation. Address activities with the highest financial impact and shortest tolerable downtime first. The template provides a pre-approved framework for triage decisions, removing emotional decision-making during crisis situations and ensuring efforts align with business priorities.

This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.