III.A.2     Interdependency Analysis

The BIA process allows management to identify, analyze, and prioritize interdependencies among business functions and systems for alignment with resilience and recovery objectives. The analysis allows management to evaluate interdependent business functions, systems, and shared resources.

During its analysis, management should identify single points of failure, which may include telecommunication lines, network connections between branches, backups that become corrupted, reliance on one power source, or data center locations in close geographic proximity. Personnel can be a single point of failure if there are no cross-trained personnel to back up their responsibilities. Important interdependencies that should be considered include the following:

  • Internal systems and business functions, which could include customer services, production processes, hardware, software, application programming interfaces (i.e., code that allows two programs to communicate with each other), data, and documentation of vital records for legal/statutory or process documentation.
  • Third-party service providers (e.g., core processing, online and mobile banking, settlement activities, and disaster recovery services), key suppliers (e.g., hardware, software, and utility providers), and business partners and their roles and responsibilities for resilience and recovery.

The BIA will assist management in forming contract and service-level agreement (SLA) requirements for availability and reliability of each service. For pre-existing contracts and SLAs, management should confirm that the contract and SLA requirements align with management’s and the customer’s continuity and resilience expectations.


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III.A.1 Identification of Critical Business Functions
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III.A.3 Impact of Disruption