Business Impact Analysis Problem 1: Many Highly regimented procedures for existing methodologies, no process for experimental or probationary ideas or methods Priority: 1 – (assign priority 1, 2. or 3; BIG, MEDIUM, SMALL; etc.)   (Give a short explanation of why you assigned that priority) Financial Impact Direct Financial Impact [Please explain how the problem has had a direct financial impact on the business, i.e., how has the business suffered a direct financial loss. This may include such things as the loss of income, or fines, and penalties.]   Indirect Financial Impact [Please explain how the problem has had an indirect financial impact on the business. This may include such things as the loss of: staff time, contract staff, additional or replacement equipment, vendor services, etc.]   Non-Financial Impact [Please explain how the problem has had a non-financial impact on the business. This may include such things as the loss of reputation, customer goodwill/trust/confidence, or the customer altogether, and employee efficiency and morale.]   Problem 2: No existing cloud in the architecture yet, so there are concerns with loss of intellectual property Priority: (assign priority 1, 2. or 3; BIG, MEDIUM, SMALL; etc.) [1 – BIG Impact, LOTS; 2 – MEDIUM Impact; 3 – SMALL Impact] (Give a short explanation of why you assigned that priority) Financial Impact Direct Financial Impact [Please explain how the problem has had a direct financial impact on the business, i.e., how has the business suffered a direct financial loss. This may include such things as the loss of: income, or fines, and penalties.]   Indirect Financial Impact [Please explain how the problem has had an indirect financial impact on the business. This may include such things as the loss of: staff time, contract staff, additional or replacement equipment, vendor services, etc.]   Non-Financial Impact [Please explain how the problem has had a non-financial impact on the business. This may include such things as the loss of: reputation, customer goodwill/trust/confidence, or the customer altogether, and employee efficiency and morale.]   Problem 3: Current culture of “No” with unproven innovation for the company. Priority: (assign priority 1, 2. or 3; BIG, MEDIUM, SMALL; etc.) [1 – BIG Impact, LOTS; 2 – MEDIUM Impact; 3 – SMALL Impact] (Give a short explanation of why you assigned that priority) Financial Impact Direct Financial Impact [Please explain how the problem has had a direct financial impact on the business, i.e., how has the business suffered a direct financial loss. This may include such things as the loss of: income, or fines, and penalties.]   Indirect Financial Impact [Please explain how the problem has had an indirect financial impact on the business. This may include such things as the loss of: staff time, contract staff, additional or replacement equipment, vendor services, etc.]   Non-Financial Impact [Please explain how the problem has had a non-financial impact on the business. This may include such things as the loss of: reputation, customer goodwill/trust/confidence, or the customer altogether, and employee efficiency and morale.]   Business Impact Summary (Summarize the Impacts of the 3 Problems into a Single, One Page Maximum, Executive Summary)