What is Business Impact Analysis (BIA)?
The Business Impact Analysis (BIA) identifies what would be the impact upon the organisation’s goals if critical processes and functions were disrupted or lost. The BIA enables the organisation to focus BCP activities on essential business elements rather than conduct an organisation-wide analysis covering all business processes. The BIA process identifies the time sensitivity of each business function or process to disruption, and this information will determine and prioritise the recovery and continuity objectives.