Which of the following quantifies the effects of a potential disaster over a period of time?
Which of the following quantifies the effects of a potential disaster over a period of time?
A Business Impact Analysis (BIA) is the process used to determine and evaluate the potential effects of an interruption to critical business operations due to a disaster, accident, or emergency. It quantifies the impact of the disaster over a period of time, including financial losses, operational disruptions, and reputational damage. This information helps organizations prioritize recovery efforts and improve their preparedness and resilience.
The correct answer is: B. Business Impact Analysis A business impact analysis (BIA) is a process that identifies and assesses the potential impacts of a disruption to a business's critical operations. It is used to develop a business continuity plan (BCP), which is a plan for how the business will recover from a disruption. A BIA should quantify the effects of a potential disaster over a period of time, including the financial and non-financial impacts. This information can be used to prioritize the business's recovery efforts and to make informed decisions about investing in disaster prevention and mitigation measures. Risk assessment and disaster recovery planning are also important parts of business continuity management, but they do not quantify the effects of a potential disaster over a period of time. Lessons learned are the insights that are gained from past disruptions, and they can be used to improve the business's preparedness for future disruptions.