In BCM, what is the purpose of a Business Impact Analysis (BIA)?
- Assess market trends
- Evaluate competitor strategies
- Identify critical business functions and their dependencies
- Monitor employee productivity
The purpose of a Business Impact Analysis (BIA) in BCM is to identify critical business functions and their dependencies. BIA assesses the impact of disruptions on these functions, helping organizations prioritize resources, develop recovery strategies, and establish recovery time objectives. Conducting a BIA is a crucial step in ensuring effective business continuity planning and risk management.__________________________________________________
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