A business impact analysis (BIA) is the process of determining the criticality of business activities and associated resource requirements to ensure operational resilience and continuity of operations during and after a business disruption. The BIA quantifies the impacts of disruptions on service delivery, risks to service delivery, and recovery time objectives (RTOs) and recovery point objectives (RPOs). These recovery requirements are then used to develop strategies, solutions, and plans.
It’s essential for any business to conduct a BIA to ward off potential disruptive risks to maintain their day-to-day operations. This article from the EC-Council blog is an excellent primer on revisiting the importance of the BIA to determine the criticality of your organization’s business systems and functions.
Read the full article via the EC-Council here.