This first 1/2 day online session or Module 1 Session 2 for Blended Learning "Business Impact Analysis" will be conducted following the completion of the "Risk Analysis and Review" module.
Again, it may be useful if you have not read the first two articles regarding how this project started, you may want to read "[1A] Starting the Project" and "[1B] Developing BCM Structure and Framework." Note that [1A] and [1B] are not part of the WSQ BCM course and will be billed separately.
Business impact analysis or BIA is the process of analysing the effects of interruptions on business functions, and the organisation as a whole. And based on the severity of these effects, the Organisation BCM Coordinator would be able to infer the relative recovery priorities of these business functions.
The process of conducting the "Business Impact Analysis" or "BIA" in the WSQ-based BCM Project is as follows:
Since this is an online workshop, participants will be put through an E-Learning program a week before a zoom session with the instructor himself, giving them the necessary information and context to understand some of the key concepts involved in Business Impact Analysis prior to the actual workshop session itself.
It is important to note that because the workshop is a 1-time group event, it is important that participants lock this event in their calendars. No repeat workshop will be conducted for absent participants and there is a possibility that SkillsFuture Singapore or SSG will not approve the course subsidy if the participant is absent for more than 75% of the module.
A consultation and assessment session (approximately 30 mins) has been arranged for individual departments to go through the templates with the consultants, and sit for a simple open-book assessment comprising a few easy-to-answer questions. This assessment is a requirement from SSG to qualify for government funding.
Zoom will be used to facilitate the assessment between consultants and participants.
The consultant will process the templates from all departments and write a report for submission to the organisation's management.
Henceforth, during the next two phases, the business continuity strategy (BCS) and plan development (PD) phases, that are developed will be based on these endorsed findings.
We will enter into the Business Continuity Strategy phase of the project only after management endorsement of the RAR and BIA findings.
One of the challenges to maintaining the competency of this program is the training of newly appointed business unit BCM coordinators when they are replacing the incumbent. The newly appointed officer can undergo the same training and he is allowed to bring his/her current templates to the public course offered by BCM Institute. Just make the advanced arrangement with the program administration officer.
If you are attending a public WSQ course, this course is similar to the afternoon session for the WSQ-BCM-310 (Course code) and it is titled "Assessing Risk and Business Impact Requirements"
Click icon for detailed elaboration of how each phase is conducted | ||||
BCM Planning Methodology |
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Phase 2 | Phase 3 | Phase 4 | Phase 5 |
Phase 6 |
Risk Analysis and Review | Business Impact Analysis | Business Continuity Strategy | BC Plan Development |
Testing and Exercising |
RAR | BIA | BCS | PD |
TE |
Assessing Risk and Business Impact Requirements |
Developing Business Continuity |
Testing and Exercising Business Continuity Plans |
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WSQ-BCM-310 | WSQ-BCM-320 |
WSQ-BCM-330 |
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Once this session is completed, you are now ready to attend the 2nd one-day WSQ course titled "Developing Business Continuity Strategies and Plans." and the course code is WSQ-BCM-320. Read more for what is the expectation for the next 1/2-day workshop, which is "Evaluating the Business Continuity Strategy".