From BCMpedia. A Wiki Glossary for Business Continuity Management (BCM) and Disaster Recovery (DR).
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(Source: Business Continuity Management Institute - BCM Institute)

2. The first step of a business continuity plan that addresses assigning accountability for the plan, conducting a risk assessment and a business impact analysis, agreeing on strategies to meet the needs identified in the risk assessment and business impact analysis, and forming Crisis Management and any other appropriate response teams.

(Source: ASIS International - ASIS International)