Explain what a business impact analysis is for a system and how it is applied to an organization

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09-09-2022
Business

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Explain what a business impact analysis is for a system and how it is applied to an organization

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Baraka1 Baraka1 · Answer 1 · 2022-09-16T21:39:32+02:00

A business impact analysis (BIA) predicts the consequences of disruption of a business function and process and gathers information needed to develop recovery strategies.

It helps to identify potential loss scenarios during a risk assessment.

A business impact analysis can be conducted in a business in the following steps.

Scope the Business Impact Analysis.
Schedule Business Impact Analysis Interviews.
Execute Business Impact Analysis (BIA) and Risk Assessment Interviews.
Document and Approve Each Department-Level BIA Report.
Complete a BIA and Risk Assessment Summary.

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