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Business Impact Analysis (BIA) is also called functional analysis.
True
False
The correct answer is FALSE. The terms are not interchangeable. Business impact analysis (BIA) is a process that identifies and evaluates the potential effects (financial, life/safety, regulatory, legal/contractual, reputation and so forth) of natural and man-made events on business operations [Source: Gartner IT Glossary]. Business Impact Analysis involves a team collecting data through interviews and documentary sources and finally using a classification scheme to indicate each individual function's criticality level. Functional analysis is a decision making approach in which a problem is broken down into its component functions (accounting, marketing, manufacturing, etc.). These functions are further divided into sub-functions and sub-sub functions ... until the function level suitable for solving the problem is reached [Source: Business Dictionary].
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