Using A Business Impact Analysis And Risk Assessment To Prepare For Business Disruptions
In the event of a business interruption, institutions with documented Business Continuity Plans are better prepared to recover. Utilizing your Business Impact Analysis (BIA) and Risk Assessments (RA) will help you build a comprehensive, successful plan, and can save time during the urgent and costly moments of a disruption.
In this article, you'll learn:
- What you need in your Business Impact Analysis
- How to conduct a Risk Assessment
- The aspects of a BIA and RA that can help you build you Business Continuity Plan