What does business impact analysis primarily aim to achieve?

Business impact analysis (BIA) primarily aims to evaluate the impact of asset loss on an organization. This assessment involves identifying critical business functions and the potential consequences of disruptions to those functions, whether due to data loss, system failures, or other incidents. By understanding the implications of losing key assets, organizations can prioritize recovery efforts and allocate resources effectively to mitigate risks. The analysis helps in developing strategies that ensure business continuity and resilience. Thus, the focus on measuring the effects of asset loss aligns with the key objectives of BIA, which is crucial for effective risk management and strategic planning within the organization.