What is a Business Impact Analysis?

What is a Business Impact Analysis?

A Business Impact Analysis (BIA) helps businesses understand the impact of an unforeseen disaster on their critical operations. Critical business processes, potential emergencies or accidents that could disrupt them, their impact on the business, and how to lessen the effects are all components of a BIA. To perform an effective BIA, it is important to identify critical business processes, potential risks, and their impact on the business, estimate the duration of the disruption, and create a plan to mitigate the damage.

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