Which step in the BCP process evaluates business processes and assumptions using various threat scenarios?

The process that evaluates business processes and assumptions against various threat scenarios is known as Risk Assessment. This step focuses on identifying potential hazards that could negatively impact the organization. By analyzing different threat scenarios, organizations can ascertain vulnerabilities within their operations and assess the likelihood of these threats materializing, as well as their potential impact on business continuity.

Risk Assessment allows for a comprehensive understanding of not just the risks themselves, but also the business processes that could be affected, which is essential for creating effective mitigation strategies. This step also involves prioritizing the identified risks based on their severity, helping organizations to tailor their response plans accordingly. By thoroughly examining business processes within the context of diverse scenarios, organizations enhance their preparedness and resilience against those risks, which is a fundamental aspect of Business Continuity Planning (BCP).

This strategic overview is what enables organizations to effectively manage potential disruptions and ensure continuity of operations.