Business Impact Assessment (BCM-003-R004) - BCM-003

Requirement Details & Guidance

BCM-003-R004 · BCM-003

Why This Requirement Exists

This requirement exists to evaluate financial, operational, reputational, regulatory, and time-dependent impacts of disruption and to ensure BCDR capabilities remain aligned with business needs, recovery objectives, and organizational risk.

Implementation Guidance

Establish and document the process for evaluate financial, operational, reputational, regulatory, and time-dependent impacts of disruption. Define accountable owners, required inputs and outputs, approval or validation points, criteria and thresholds, review frequency, exception handling, monitoring, reporting, and evidence requirements. Integrate the activity with risk management, incident response, technology operations, asset management, third-party management, and relevant business processes.

Practical Application & Audit Readiness

BCM-003-R004 · Field Guidance

Business Examples

Common Audit Findings

Common Mistakes

Best Practices & Ownership

BCM-003 · Recommended Approach

Recommended Practices

Typical Owner

Cross-Mapped Regulatory Frameworks

Harmonized Control Mappings

FRAMEWORK CODE	FRAMEWORK NAME & DETAILS	FAMILY / CATEGORY	VERSION	ACTION
CIS-V8	CIS Controls CIS Controls are a prioritized set of cybersecurit... Clause: Control 11 – Data Recovery: 11.1 – Establish and Maintain a Data Recovery Process	CIS Best Practice	vv8	View →
COBIT2019	COBIT COBIT is an enterprise governance and management f... Clause: 4.4 – Deliver, Service and Support (DSS) > DSS04 – Managed Continuity > DSS04.02 – Maintain business resilience. 4.4 – Deliver, Service and Support (DSS) > DSS04 – Managed Continuity > DSS04.05 – Review, maintain and improve the continuity plans.	COBIT Governance Framework	v2019	View →
DORA	Digital Operational Resilience Act The EU Digital Operational Resilience Act establis... Clause: Article 11(5) – Business impact analysis and critical functions/dependencies/interdependencies Article 8(2) – Continuous identification of ICT risk sources, cyber threats and ICT vulnerabilities	EU Regulation	vCurrent	View →
GDPR	General Data Protection Regulation (GDPR) The General Data Protection Regulation is a bindin... Clause: Article 32(2) – Risk-based security measures	EU Regulation	vCurrent	View →
HIPAA	Health Insurance Portability and Accountability Act HIPAA is a U.S. federal law supported by implement... Clause: § 164.308(a)(13)(ii)(A) Criticality analysis	US Law	vCurrent	View →
IRDAI	IRDAI Information & Cyber Security Guidelines IRDAI information and cyber-security requirements... Clause: §2.13-3.3-I – Business Impact Analysis	India Guideline	vLatest	View →
ISO22301	ISO/IEC 22301 ISO 22301 specifies requirements for a Business Co... Clause: 8.2.2 – Business impact analysis	ISO Standard	v2019	View →
ISO27001	ISO/IEC 27001 ISO/IEC 27001 specifies auditable requirements for... Clause: 6.1.2 – Information security risk assessment	ISO Standard	v2022	View →
ISO27002	ISO/IEC 27002 ISO/IEC 27002 is a guidance standard containing a... Clause: 5.29 – Information security during disruption	ISO Standard	v2022	View →
NIS2	NIS2 Directive The NIS2 Directive establishes EU-wide cybersecuri... Clause: Article 21(2)(c) – Business continuity, including backup management, disaster recovery and crisis management	EU Directive	vCurrent	View →
NIST-CSF	NIST Cybersecurity Framework (CSF) The NIST Cybersecurity Framework provides high-lev... Clause: GV.OC – Organizational Context \| GV.OC-04 – Critical objectives, capabilities, and services that external stakeholders depend on or expect from the organization are understood and communicated	NIST Framework	v2	View →
NIST80053	NIST SP 800-53 NIST SP 800-53 Rev. 5 presents control families, i... Clause: 3.16 – RISK ASSESSMENT, 3.6 – CONTINGENCY PLANNING; RA-9 – CRITICALITY ANALYSIS, CP-2 – CONTINGENCY PLAN	NIST Control Catalog	vRev. 5	View →
NPCI-ISR	NPCI Information Security Requirements NPCI information-security requirements define cont... Clause: Operational Review; Business Continuity Plan (BCP)	India Standard	vLatest	View →
PCI-DSS	PCI DSS PCI DSS is an industry security standard maintaine... Clause: 12.10.1 – An incident response plan exists and is	PCI Standard	v4	View →
RBI-CSF	RBI Cyber Security Framework / Master Directions RBI cyber-security requirements and directions set... Clause: 19) Incident Response & Management – 19.4 BCP/DR supporting cyber resilience, rapid recovery and secure resumption aligned to RTOs	India Regulation	vLatest	View →
SEBI-CSCRF	SEBI Cyber Security & Cyber Resilience Framework SEBI’s Cybersecurity and Cyber Resilience Framewor... Clause: 1.1 GV.OC: Organizational Context; 2.1 ID.AM: Asset Management; 6.1 RC.RP: Incident Recovery Plan Execution	India Regulation	vLatest	View →
SOC2	SOC 2 Trust Services Criteria SOC 2 is an independent examination and reporting... Clause: CC9.1 – Risk Mitigation – The entity identifies, selects, and develops risk mitigation activities for risks arising from potential business disruptions.	AICPA Audit Framework	vLatest	View →

Parent Domain Context

Governance Domain Baseline

Domain Name:

Business Continuity & Disaster Recovery (BCM)

Purpose:

To maintain business operations and recover technology systems in the event of a disruption.

Scope:

Enterprise

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Parent Control Context

Control Baseline

Control Name:

Business Impact Analysis (BIA) (BCM-003)

Summary:

Establishes BIA including critical process identification, dependency analysis, business impact assessment, RTO definition, RPO definition, recovery prioritization, reporting, review, and continuous improvement.

Business Description:

Establish and maintain a Business Impact Analysis process to identify critical business services, dependencies, recovery priorities, Recovery Time Objectives (RTO), and Recovery Point Objectives (RPO).

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