Ярослав Донченко

Knowledge of Business Impact Analysis is one of the essential skills of Mr. Yaro Donchenko. For the readers whoare not aware, Mr. Donchenko is the current chief executive officer of ASTA Capital Incorporated. ASTA Capital Inc. is an investment company located in New York and has currently invested on over 50 telecommunication companies across 11 countries – with each investment vehicle has a value that ranges between 2 to 10 million

Moving on, this post aims to discuss some essential aspects of Business Impact Analysis – definition, why is it important, significance in an organization, etc…

BIA is generally defined and includes the following objectives:

• It is the process of predicting possible unfavorable scenarios when business operations are disrupted.

• Gathering necessary information to prevent such situations as well as recovery strategies in the event of

• Analyzes both internal and external components to mitigate risk and maximizing recovery enablers

Needless to say, Business Impact Analysis is important because it gives the company an insight on things to do to ensure profitable even in an unlikely event that certain business operations will be halted. For example, during a strong storm, a VoIP wholesale termination company may advise its cleaning personnel not to go to work but the same cannot be said for the information system group as it is a critical component of the organization.

In this scenario, the Business Impact analyst may suggest to allocate more funds to get an office with employees on a different location to ensure business continuation in case operations at the main office is disturbed.

Significance of BIA in an organization –

The significan ce of having a Business Impact Analyst group / individuals in a company is not that hard to understand. However, for readers who are still not getting the big picture, bullets below will highlight why BIA is highly essential for large corporations – even SMEs (small and medium enterprise):

• Ability to determine which groups will require more focus during a possible disaster

• Computation of possible revenue loss

• Pinpointing which factor will produce the worst case scenario when business operations are stopped

That’s just about it. Understanding and becoming an expert on Business Impact Analysis is not an overnight affair.

It takes years of experience and corporate exposure to even understand a glimpse of this field of study. Only a select few people who has passion for entrepreneurship and a degree in Business Administration (like Mr. Yaro Donchenko) would able to quickly master this technique.