An organization has operations in a location that regularly experiences severe weather events. Which of the following would BEST help to mitigate the risk to operations?

Preparing a cost-benefit analysis for relocation is a strategic decision-making tool, not a direct mitigation strategy for operational continuity in the current location.

A Disaster Recovery Plan (DRP) focuses specifically on the recovery of IT systems and infrastructure after a disaster, which is a component of a BCP, but less comprehensive for overall business operations.

Conducting a Business Impact Analysis (BIA) for an alternate location identifies the potential impacts of disruptions at that location, but it doesn't directly mitigate the risk to operations in the current severe weather prone location.

A Business Continuity Plan (BCP) is designed to ensure that an organization can continue to operate essential business functions during and after a disruptive event, such as severe weather. It encompasses strategies, procedures, and resources for maintaining critical operations across the entire business, making it the most comprehensive approach to mitigating operational risk in such a scenario.