Question

The ____ is an investigation and assessment of the impact that various events or incidents can have on the organization.

Answer 1

The business impact analysis is an investigation and assessment of the impact that various events or incidents can have on the organization.

A business impact analysis gathers data necessary to create recovery strategies and forecasts the effects of a business function or process disruption. A risk assessment should identify potential loss situations. Every company should do a business impact study since it is an integral aspect of any comprehensive risk management strategy.

A business impact analysis is a methodical procedure for assessing the possible implications of a disruption to crucial business operations as a result of a catastrophe, accident, or emergency.

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