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Business Impact Analysis Agency Name:Ohio Board of Building StandardsRegulation/Package Title: Rule Number(s):Date:Ohio Mechanical Code Amendments4101:2401, 4101:2501, 4101:2601March 9. 2018Rule Type: New X
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How to fill out business impact analysis

01
To fill out a business impact analysis, follow these steps:
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Identify critical business functions: Determine which processes and operations are essential for your business to function.
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Assess potential risks: Identify potential risks and threats that could disrupt these critical functions.
04
Analyze impact: Determine the potential financial, operational, and reputational impact of each identified risk.
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Prioritize risks: Rank the identified risks based on their likelihood and potential impact.
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Develop mitigation strategies: Create strategies to mitigate or minimize the impact of each identified risk.
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Document the analysis: Record all the findings, assessments, and mitigation strategies in the business impact analysis report.
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Review and update regularly: Regularly review and update the business impact analysis to account for any changes in your business or external environment.

Who needs business impact analysis?

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Businesses of all sizes and industries can benefit from conducting a business impact analysis. It is particularly essential for:
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- Business continuity managers
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- Risk management professionals
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- IT managers and professionals
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- Insurance and risk assessment teams
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Business Impact Analysis is a process to evaluate the potential effects of an interruption or disaster on a business.
Businesses of all sizes may be required to file a business impact analysis, depending on industry regulations and best practices.
To fill out a business impact analysis, identify critical business functions, assess potential impacts of disruptions, and develop recovery strategies.
The purpose of business impact analysis is to assess risks, prioritize recovery efforts, and minimize downtime in the event of a disruption.
Business impact analysis should include critical business functions, dependencies, impact of disruptions, recovery time objectives, and recovery strategies.
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