Which is the first step in the contingency planning process among the options listed here?

Question

Biology

Dominique Crosby

5 January, 01:05

Which is the first step in the contingency planning process among the options listed here?

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Chaz · Answer 1

Business Impact Analysis

Business Impact Analysis (BIA) refers to the method of determining the potential risks that a business will encounter when disaster strikes. It is the first step in the contingency planning process. Large businesses with strong disaster recovery planning programs put BIA into their programs, making it one of the important stages. Unless BIA has been conducted, the disaster recovery programs will not be fully developed since the output of BIA will ascertain the strategies and policies that will be in the disaster recovery program of the company.