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an impact assessment characterizes the impact on business processes in the form of the people, systems, and procedures that will be affected as a result of the change. This basic guide will monetize the impact of loss by analyzing specific components like timing of impact, risk of change, and mitigation actions. The purpose of a business impact analysis (bia) is to identify which business unitsdepartments and processes are essential to the survival of your organization. The bia will identify how quickly essential business units andor processes have to return to full operation following a disaster situation. The business impact analysis is a key part of any business since it helps us to evaluate many key functions of the business. The business impact analysis is done to identify the loss of functions and their impact on business. Business impact analysis is thus a concern that lies more on a business process, and this requires the analyst to be able to identify the risks that are likely to occur should a business process go wrong. As an analyst, you can take advantage of business impact analysis template to make the analysis smooth. a business impact analysis (bia) template is used to evaluate and document the potential negative impact to an organization in the event of an emergency disruption. It is used by management to measure the potential financial operational loss and minimum recovery times of critical functions during outages. This template is designed to assist the business owners in performing a business impact analysis (bia) on their business functions and supporting resources. The template is a basic guide and may be modified as required to accommodate the specific functions and resources as long as the prescribed information collection and analyses are completed. A business impact analysis template produced by the manchester business continuity forum (mbcf) to help you start your business continuity planning. Business impact analysis and risk assessment are two important steps in a business continuity plan. In particular uc san franciscos it business continuity team will focus its bia efforts on the effects or consequences of the interruption to critical it business functions and attempts to.