This business impact analysis (bia) is developed as part of the contingency planning process for the recovery strategies.
A business impact analysis (BIA) predicts the consequences of disruption of an enterprise characteristic and method and gathers statistics to broaden restoration strategies.
The BIA process focuses on the results or consequences of an interruption to critical business functions and attempts to quantify the financial and non-financial costs related to the disaster. The BIA identifies and analyzes the components of the organization which is maximum vital.
A business impact evaluation (BIA) is the system of figuring out the criticality of business activities and related useful resource necessities to make sure operational resilience and continuity of operations in the course of and after a business disruption.
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