Business Impact Analysis (BIA) 03
Business Impact Analysis (BIA) 03 : A systematic method of determining the cost of risk by identifying the impact of business or service disruptions which allows targeting operations and processes which require recovery planning The process of analyzing all business functions and the effect that a specific hazards may have upon them. Its purpose is to define the operational and financial impacts of an interruption to your mission critical business functions. In addition, the BIA reveals recovery time objectives and interdependencies needed to develop effective strategies for recovery
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