While the damage assessment so far focused mainly on the impact on people and physical infrastructure, the next step is to assess the impact of the damage on the business process.

The Crisis Management Team nominates the Business Recovery Team, who will fill up  Form 8g  entitled Damage Assessment Form  (key business process affected, description of problem, extent of damage, recoverable through recovery procedures) after performing the following tasks :
•	Review each business area, and make a list of those that have been affected by the disaster. 
•	Within the Business area, and using the Essential and Critical Functions list, which has been derived from the BIA (Table 6b), investigate to detect the key processes impacted by the emergency. 
•	For the impacted process review the recovery process that has been defined by the business unit in question in Table 7bi.
•	In parallel, check the availability of the system that the process uses.
•	Try to apply the recovery procedures as they are described (Table 7bi).
•	In case of failure in the recovery procedure, escalate to the Crisis Management Team, in order to find a new way to ensure the availability and the continuity of the process. 

The assessment should also try to evaluate the financial impact by evaluating: 
•	Loss of financial documents
•	Loss of revenue
•	Theft of check books, credit cards,
•	Loss of Cash
In addition the immediate financial status and needs should be addressed, such as:
•	The Cash Flow Position
•	Temporary borrowing capabilities
•	Upcoming payments for taxes, social security…
•	Availability of cash to pay for suppliers and services  required post disaster
