Business Impact Analysis
Business Impact Analysis (BIA) refers
to the method of determining the potential risks that a business will encounter
when disaster strikes. It is the first step in the contingency planning process.
Large businesses with strong disaster recovery planning programs put BIA into
their programs, making it one of the important stages. Unless BIA has been
conducted, the disaster recovery programs will not be fully developed since the
output of BIA will ascertain the strategies and policies that will be in the
disaster recovery program of the company.
