Business impact analysis (BIA) is a systematic process for determining and evaluating the potential effects of an interruption to critical business operations as a result of a disaster, accident or emergency. A BIA is an essential component of an organization's business continuance plan . It includes an exploratory component to reveal vulnerabilities as well as a planning component to develop strategies for minimizing risk. The end result is a business impact analysis report, which describes the potential risks specific to the organization studied. One of the basic assumptions behind conducting a BIA is that while every component of an organization is reliant upon the continued functioning of every other component, some components are more crucial than others and require a greater allocation of funds in the wake of a disaster. For example, a business may be able to continue more or less normally if the cafeteria had to close, but would stumble if the information syst...