Reference: https://itsm.ucsf.edu/business-impact-analysis-bia-0 According to NIST SP 800-34 Rev. 1, a business impact analysis (BIA) is a process that identifies and evaluates the potential effects of natural and man-made events on organizational operations. The BIA enables an organization to determine which systems and processes are essential to the organization's mission and prioritize their recovery time objectives (RTOs) and recovery point objectives (RPOs).12