A business impact analysis involves calculating the types of damages and losses that can be expected during any one of the identified hazard events, and relating them to the characteristics of the business itself.

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A business impact analysis involves assessing the potential impact of various hazards on a business and identifying the critical resources and functions that may be affected. This analysis helps to determine the financial, operational, and reputational consequences of disruptions and enables organizations to prioritize their risk management efforts accordingly.

A Business Impact Analysis Involves Calculating the Types of Damages