Business Impact Analysis Process

Business Impact Analysis (BIA) is a process that helps organizations identify critical functions and the potential effects of disruptions, such as natural disasters or cyberattacks. It involves assessing which operations are vital to the business’s survival, estimating how quickly they need to be restored, and determining the resources required for recovery. The goal is to prioritize recovery efforts and develop strategies to minimize downtime and financial loss. Essentially, BIA helps organizations understand their vulnerabilities and plan effectively to maintain essential services during disruptions.