What exercise determines the impact of losing resources to an organization and establishes recovery priorities?

The correct choice is the Business Impact Analysis (BIA), which plays a crucial role in understanding the potential effects of disruptions on an organization’s operations. Conducting a BIA involves identifying critical business functions and the resources that support them, including personnel, technologies, and processes. By analyzing the consequences of losing these resources, the organization can assess how various scenarios might impact its operations, reputation, and financial standing.

One of the key outcomes of a BIA is the establishment of recovery priorities. This allows the organization to develop a structured response plan that focuses on restoring the most critical operations first in the event of a disruption. The information gathered in the BIA assists in the overall continuity planning process, ensuring that resources are allocated effectively to mitigate risks and recover swiftly.

This understanding is essential for developing a robust and proactive approach to mitigating risks associated with disruptions, making BIA a foundational exercise in creating a resilient organizational strategy.