Which of the following describes the purpose of a Business Impact Analysis (BIA)?

A Business Impact Analysis (BIA) is designed specifically to assess the effects of disruptions on an organization's operations. It focuses on identifying the critical business functions and the potential impact that various types of incidents—such as natural disasters, cyberattacks, or other crises—could have on those functions. By understanding the consequences of these disruptions, organizations can prioritize recovery efforts, allocate resources effectively, and develop strategies to mitigate risks and enhance resilience.

While identifying financial risks, analyzing staffing needs, and developing marketing strategies are important activities within an organization, they do not encompass the primary goal of a BIA. The main objective remains centered on determining how interruptions can affect the business and ensuring that plans are in place to handle and recover from these situations efficiently.