An RSI Understanding Risk method
Business impact forecasting (BIA)
Business impact forecasting (BIA) is one of the methods used by Risk Sciences International to better understand risk.
Broadly
Business impact forecasting (BIA) involves predicting how specific risks—such as regulatory changes, environmental events, or emerging technologies—might affect business operations, reputation, or economic performance. BIA uses a combination of qualitative scenario development and quantitative financial modeling to estimate the magnitude and likelihood of disruptions. It is widely used in business continuity planning and strategic risk management. The challenge lies in quantifying intangible impacts and integrating operational data with strategic foresight.
More specifically
RSI brings structured risk thinking and systems analysis to business impact forecasting in public and private sector contexts. Whether assessing the risk of supply chain disruption or reputational harm from safety failures, RSI builds scenarios informed by regulatory knowledge, empirical modeling, and stakeholder insight. Its cross-disciplinary team enables BIA outputs to reflect both technical risks and broader institutional implications—making this method valuable in complex risk environments.