What exactly is meant by the abbreviation BIA (business impact analysis)?

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A:

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Business Impact Analysis

Business Impact Analysis is a process carried out to determine the potential risks that can disrupt a business due to a disaster, accident, or other reasons. It is a mandatory part of a company’s business continuance plan. A business impact analysis measures the effects of disruptions on various business aspects, including service delivery, risks in delivery, Recovery Time Objectives (RTO), Recovery Point Objectives (RPO), and so on. The analysis helps to minimize the risk during the business. After completing the business impact analysis, the details are logged into a business impact analysis report, which is reviewed by the senior management.