business impact analysis (BIA) |
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Definition
Management-level analysis aimed at identifying a firm's exposure to sudden loss of critical business functions and supporting resources, due to an accident, disaster, emergency, and/or threat. BIA involves assessing both financial and non-financial (customer service, market confidence, creditor or supplier confidence) costs during business disruption and business restoration periods.
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business impact analysis (BIA) is in the Disaster Planning & Risk Management and Entrepreneurship, Management, & Leadership subjects.
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