Which element is essential in the initial stages of developing a Business Continuity Plan (BCP)?
- Budget Allocation
- Employee Training
- Marketing Strategy
- Risk Assessment
Risk assessment is an essential element in the initial stages of developing a Business Continuity Plan (BCP). Understanding potential risks helps identify critical business functions, vulnerabilities, and the impact of disruptions. This information forms the basis for developing strategies to mitigate risks and ensure the continuity of essential operations during unforeseen events.__________________________________________________
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