Risk assessment and BIA

Answer: In fact BIA and Risk assessment are two different processes with different purposes that can't be merged, although they exchange information between them. They main question between practitioners is in which sequence they should be performed. I particularly follow the thought that risk assessment should be performed before the BIA and the BIA questionnaire, because this way both BIA and questionnaire can make use of the results of risk assessment to help improve the reliability of their results (by identifying the risks you’re most exposed you can focus on consequences of those incidents and the main assets that are under risk).

These articles will provide you further explanation about risk assessment and BIA:
- Risk assessment vs. business impact analys is https://advisera.com/27001academy/knowledgebase/risk-assessment-vs-business-impact-analysis/
- How to implement business impact analysis (BIA) according to ISO 22301 https://advisera.com/27001academy/knowledgebase/how-to-implement-business-impact-analysis-bia-according-to-iso-22301/

These materials will also help you regarding risk assessment and BIA:
- Book Becoming Resilient: The Definitive Guide to ISO 22301 Implementation https://advisera.com/books/becoming-resilient-the-definitive-guide-to-iso-22301-implementation/
- Book ISO 27001 Risk Management in Plain English https://advisera.com/books/iso-27001-annex-controls-plain-english/