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BCM is a holistic management process
that identifies potential impacts that threaten an organisation
and provides a framework for building resilience with the capability for an effective response
that safeguards the interests of its key stakeholders, reputation, brand and value creating activities.
BIA is a process designed to prioritize business functions by assessing the potential quantitative (financial) and qualitative (non-financial) impact that may result if an organization was to experience a disruption from a disaster event.
A simpler definition, BIA is a survey that shows how soon you need to have something and do something in order to not ruin your reputation, not lose a lot of money, and not go out of business.