A system and method for generating a business critical impact analysis report includes steps of: inserting a rank value field in each configuration item relationship type definition; inserting a rank value field in each single relationship between configuration items; determining default rank values for the rank value fields; assigning the default rank values to the single relationships and the relationship type definitions; receiving a user request to generate the business critical impact analysis report at a selected rank level of configuration items; and presenting the business critical impact analysis report to the user, displaying the configuration items and their relationships corresponding to the selected level.