Which step in the business impact analysis (BIA) process involves identifying critical resources?

In the business impact analysis (BIA) process, establishing the BIA approach is crucial as it sets the foundation for the subsequent steps. This initial step involves determining the methodology that will be used to conduct the analysis, which inherently includes identifying critical resources. Critical resources encompass the staff, technology, data, and other essential elements necessary for the organization to function effectively. By defining the BIA approach, the organization outlines the scope and focus areas, ensuring that all significant resources are accounted for in the analysis.

Subsequent steps, such as defining disruption impacts and estimating losses, rely on the identification of these critical resources to accurately assess the potential effects of disruptions. However, the task of identifying those resources is specifically part of establishing the approach, as it requires a clear understanding of what to analyze moving forward. This foundational step is integral to ensuring that the BIA accurately reflects the organization's vulnerabilities and the resources that are essential for continuity.