An automotive supplier sought assistance to execute a business continuity risk assessment and business impact analysis to assess the company’s exposure to a disaster or disruptive event.
Baker Tilly performed a business continuity risk assessment and business impact analysis across the organization. We evaluated business criticalities, reliance on key IT systems and potential weaknesses due to the operations and lack of redundancy of key operations. Baker Tilly ultimately delivered a business continuity assessment report which outlines key business criticalities and existing gaps that would prevent the organization from continuing operations if various disasters or scenarios occurred.
The organization used Baker Tilly’s business continuity gap assessment to look at processes and operations of existing locations and review the business continuity gaps. A few scenarios exposed critical failure points, where operations could not resume for months, resulting in huge customer fines and potential failure of the organization. Information from the assessment was used by management and the board to make recommendations on remediation plans to address the existing gaps.