Expenses in BIA Questionnaire

Answer: In Part 1 you have to assess the impact for the different durations of a disruption - usually, the longer the duration is, the higher additional expenses will be. The point is to calculate how much will those costs be, in order to assess how much impact (in money terms) can you accept.

In Part 2 you have to assess how much resources (including financial resources) will you need for the recovery.

Considering you don't want to zero in on any particular scenario in the BIA process, as this would lengthen it considerably; but more or less you'll be looking at worst case scenarios, then determining amounts for these fields would mean estimating initial expenses one would expect immediately after a crisis. A bit of historical data may be required here to come up with figures. Is this a fair assumption?

Yes, this is correct - basically, you have to focus on length of disruption, not its cause. Also, you have to focus on worst case scenario in terms of damage.

Historical data will certainly be helpful, but you should definitely brainstorm on this topic with your colleagues.

Think this will be the most challenging part of the BIA Questionnaire now ...

Thanks for the feedback...