Business continuity plan development depends most on?
A.
Directives of Senior Management
B.
Business Impact Analysis (BIA)
C.
Scope and Plan Initiation
D.
Skills of BCP committee
Explanation:
Business continuity is of course a vital activity. However, prior to the creation of a business
continuity plan, it is essential to consider the potential impacts of disaster and to understand the
underlying risks. It is now widely accepted that both business impact analysis and risk analysis are
vital components of the business continuity process. However, many organizations are unsure of
how to approach these important disciplines. BIA is important because it provides management level
analysis by which an organization assesses the quantitative (financial) and qualitative (non-financial)
impacts, effects and loss that might result if the organization were to suffer a Business Continuity
E/I/C. The findings from a BIA are used to make decisions concerning Business Continuity
Management strategy and solutions.