Business Impact Analysis

Business Impact Analysis (BIA) is a process that helps organizations identify and evaluate the potential effects of disruptions, such as natural disasters, cyberattacks, or other emergencies, on their operations. By assessing which functions are critical to the business, BIA helps prioritize recovery efforts and resources. Essentially, it outlines the consequences of losing certain processes and helps develop strategies to minimize the impact, ensuring the organization can continue or quickly resume important activities. This analysis is a key part of Business Continuity Management, which aims to protect the organization and its stakeholders from unforeseen events.