Business Impact Analysis (BIA)

Business Impact Analysis (BIA) is a systematic process that helps organizations identify and evaluate the potential effects of disruptions, such as natural disasters or technical failures, on their operations. By assessing critical business functions, recovery time objectives, and the resources needed to maintain operations, BIA helps prioritize recovery efforts and ensure business continuity. Essentially, it enables organizations to prepare for unexpected events, minimizing downtime and financial loss while protecting their reputation and customer trust. BIA is a crucial component of risk management and emergency planning strategies.